Komatsu and GE Transportation Sign Agreement to Establish Joint-Venture for Development of Next Generation Mining Equipment

GE Mining, a division of GE Transportation, announced a new collaboration to develop next generation mining equipment. By combining their expertise in mining equipment and propulsion systems, the companies will help meet the needs of customers and partners worldwide, with an initial focus on developing solutions to increase customer productivity and safety for underground mines.  The new company, Komatsu GE Mining Systems, LLC, will be located at the GE Transportation facility in Erie, PA and operations will begin in April 2014.  Komatsu and GE will each own 50% of the new company.