April 2018 Vol. 73 No. 4
Business
Komatsu Purchases Assets of PBE Group
Through its subsidiary F and M Equipment Ltd., Komatsu America Corp. has entered into an agreement to purchase the assets of PBE Group – consisting of Pine Bush Equipment Co. Inc. and East PBE Inc. Subject to a period of due diligence and final approval of Komatsu Ltd. (with the exception of the Kubota line of equipment and parts), the sale was expected to close April 1, 2018.
The new entity, to be named later, will assume PBE Group’s trade territory, which ranges from all of Connecticut (excluding Fairfield county), to select counties in southeastern New York state. This includes all Komatsu construction, mining and utility equipment sales and rentals, parts, service and customer support activities.
The new unit will support Komatsu’s long-term strategic plans to grow and strengthen the distribution channel. For customers it means more equipment and parts availability, and greater service and support resources.
In other news, Komatsu America Corp. has agreed to phase out the sale of Wirtgen American products.
The three Komatsu-owned dealers, Komatsu Northeast, Komatsu Southwest and Edward Ehrbar, are no longer authorized dealers of Wirtgen machinery after September 30, 2018. Authorized dealers of Wirtgen OEM parts, or a Wirtgen-authorized service center, will end after March 31, 2019.
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