Komatsu North America has entered into an agreement to acquire assets of SRC of Lexington, a supplier of remanufactured components and parts for construction and mining equipment.

The deal is expected to close by the end of February and is subject to customary closing conditions.

By acquiring SRC of Lexington, Komatsu will strengthen its remanufacturing capabilities in North America and expand its ability to support customers as demand for reman solutions grow.

“North America is one of Komatsu’s most important markets for both construction and mining equipment,” said Danny Murtagh, Vice President, Parts and Infrastructure, 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.”

Demand for remanufactured components has increased alongside the growth of the installed base of quarry and mining equipment in North America since 2010. During that period, Komatsu’s reman business has expanded significantly, with transaction volume quadrupling from 2010 to 2024.

“This agreement reflects a shared commitment to remanufacturing excellence, technical expertise, and long-term support for customers,” said Tim Stack, President, SRC Holdings Corp.

“Just as important, it reflects our responsibility to do what is right for our people. 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.”

Through its reman 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 with the same quality standards as new components. Remanufacturing can help reduce cost and lead time while supporting resource efficiency through reuse.

Komatsu established its global two-pillar reman structure with the launch of a facility in Chile in 2005 to support electric dump trucks manufactured in the United States, followed by a facility in Indonesia in 2007 serving equipment manufactured in Japan. As of 2025, Komatsu’s reman network has grown to 45 locations across 16 countries.