📋 Tender Overview
Komatsu Ltd. hereafter Komatsu hereby announces that the Board of Directors at its meeting held on April 30 2021 resolved to transfer a portion of Komatsus rights obligations etc. relating to its Smart Construction business to LANDLOG Ltd. hereafter LANDLOG by way of a company split absorption-type company split with an effective date of July 1 2021 scheduled hereafter the Company Split The absorption-type company split agreement pertaining to the Company Split shall be referred to as the Company Split Agreement.. As the Company Split is going to take place in the form of a simplified absorption-type company split in which Komatsus wholly-owned subsidiary will be the successor company certain matters and descriptions are omitted from the disclosure below.I.Background Purposes Etc. of the Company SplitIn February 2015 Komatsu launched SMARTCONSTRUCTION a solution service that solves the serious labor shortage issue in the Japanese construction industry. As of the end of March 2021 Komatsu has introduced this service to more than 13000 domestic sites.Komatsu established LANDLOG in October 2017. Then LANDLOG established the open platform LANDLOG that is available as the basis for SMARTCONSTRUCTION services for the many service providers who like as Komatsu are working to solve issues in the construction industry aiming for accelerating the solution of the construction industry and achieving a safe productive and future construction worksite as soon as possible.Subsequently Komatsu began introducing DX SMARTCONSTRUCTION in Japan North America Europe and Australia successively from April 2020 which may by utilizing digital technology throughout the entire construction process bring about significant change from the previous solution services with partial digitization in the construction process and achieve dramatic improvements in safety productivity and environmental performance. DX SMARTCONSTRUCTION consists of i LANDLOG the open platform ii four devices including SMARTCONSTRUCTION Retrofit which can be connected to LANDLOG and allows worksites to be digitized inexpensively highly precisely quickly and easily and iii eight apps that optimize operations in the construction process.After the Company Split LANDLOG will change its corporate name to EARTHBRAIN Ltd. It will expand its business domains and renew its management structure to accelerate the further evolution of DX SMARTCONSTRUCTION which has been developed by Komatsu and will create new value through digital transformation at construction sites around the world aiming to realize safe productive smart and clean sites as early as possible even just a day sooner. EARTHBRAIN Ltd. will issue its new shares through a third-party allocation to NTT DOCOMO INC. Sony Semiconductor Solutions Corporation and Nomura Research Institute Ltd. and its business will be operated as a joint venture business by Komatsu and these three companies.
