Komatsu North America has entered into an agreement to acquire the assets of SRC of Lexington Inc., a Kentucky-based supplier of remanufactured components and parts for construction and mining equipment. The deal is scheduled to close by the end of February 2026, subject to customary closing conditions.
The acquisition is designed to expand Komatsu’s remanufacturing capabilities in North America and improve its ability to support customers as demand for remanufactured solutions continues to grow. By investing in a dedicated facility in the U.S., Komatsu aims to strengthen its footprint in one of the world’s largest markets for heavy equipment.
Rising Demand for Remanufactured Solutions
Demand for remanufactured components has increased alongside the growth of the installed base of quarry and mining equipment in North America since 2010. During this period, Komatsu’s remanufacturing business expanded significantly, with transaction volume increasing approximately fourfold from fiscal year 2010 to 2024.
“North America is one of Komatsu’s most important markets for both construction and mining equipment,” said Danny Murtagh, vice president of parts and infrastructure for Komatsu North America. “This acquisition allows us to deepen our reman capabilities closer to customers, improve responsiveness and support dealers and end users with high-quality, cost-effective solutions throughout the equipment lifecycle.”
Tim Stack, president of SRC Holdings Corp., noted that the agreement reflects a shared commitment to technical expertise and long-term customer support.
“Becoming part of Komatsu allows the Lexington team to build on over three decades of remanufacturing strength while providing the investment, long-term support and opportunity needed to carry that legacy forward into its next chapter,” Stack said.
Operational and Environmental Impact
Through its remanufacturing operations, Komatsu recovers used components from construction and mining equipment, restores them to like-new condition at dedicated facilities and returns them to the market. These components are held to the same quality standards as new parts. The process is intended to reduce costs and lead times while supporting resource efficiency through the reuse of materials.
Komatsu established its global remanufacturing structure in 2005 with the launch of a facility in Chile to support electric dump trucks, followed by a facility in Indonesia in 2007. As of 2025, the company’s remanufacturing network includes 45 locations across 16 countries.
