Komatsu has signed an agreement through its wholly owned subsidiary in Australia to acquire global mining technology firm Immersive Technologies for an undisclosed sum.
Immersive Technologies optimises the safety and productivity of equipment operators to increase mine profitability.
Following the deal, the company will retain its headquarters in Perth, Western Australia, and continue to deploy its solution, which aligns people, process, and technology to reduce risk, quantify training impact and manage the training process properly.
Komatsu Mining Business Division president Masayuki Moriyama said: “We are very pleased to welcome Immersive Technologies into the Komatsu group. We look forward to working together with Immersive Technologies to enhance Komatsu’s mining business and continue the success in its multiple-OEM simulator strategy.”
Operating as an independently managed, wholly owned subsidiary of Komatsu and under its existing name and branding, Immersive Technologies will have the resources of Komatsu at its disposal.
The company will also continue to collaborate with all equipment manufacturers to address the performance improvement challenges of mixed equipment fleets.
Immersive Technologies CEO and co-founder Peter Salfinger said: “This acquisition represents the start of the next phase of Immersive Technologies’ evolution.
“We now have the opportunity to contribute to the realisation of Komatsu’s strategy for mining, whilst also leveraging Komatsu’s vast support network and advanced technology portfolio. This includes closer collaboration with other well-known mining technology companies owned by Komatsu.”
The acquisition is expected to support both companies in offering improved service and products to their customers.
It is subject to completion of all necessary procedures and is expected to close on 1 July 2019.