5 result(s) displayed (1 - 5 of 5):

Caterpillar follows mining boom to bust, 20,000 jobs cut (from Corporate Dealmaker)

It was only six months ago Peoria, Ill.-based Caterpillar Inc. was flying high on profits from sales of equipment as commodity prices soared and mining companies, among others, were demanding more products. These days, the world's No. 1 manufacturer of construction machinery, is singing the same sad song heard around...

Posted on January 26, 2009 3:18 PM

Contractor and construction M&A proceeding apace (from Corporate Dealmaker)

Deal activity may be slowing and private equity may be mostly sidelined, but some industries are bucking the trends. Quarterly newsletter BGL Business Services Insider reports that commercial and industrial services contractors have been generating a lot of deal activity.  First Reserve Corp., the big energy industry PE firm,...

Posted on July 1, 2008 11:16 AM

Caterpillar strategy calls for heavy-duty alliance (from Corporate Dealmaker)

Caterpillar Inc., the world's No. 1 manufacturer of construction machinery, and Navistar International Corp. are setting 2010 as the year they will introduce a CAT-branded heavy-duty truck in the U.S. for road construction, large infrastructure projects and oil and petroleum development. CAT's growth strategy also requires...

Posted on June 13, 2008 12:31 PM

Caterpillar adds tunnel boring to its repertoire (from Corporate Dealmaker)

At a construction equipment exhibition last month, Caterpillar Inc. chairman and CEO Jim Owens outlined long-term growth expectations for the Peoria, Ill., manufacturer. Owens said the company plans to invest about $2.3 billion in...

Posted on April 3, 2008 3:00 PM

Caterpillar spends $500M to control Japan JV (from Corporate Dealmaker)

The 50-50 joint venture between Caterpillar Inc. and Mitsubishi Heavy Industries Ltd. was formed 44 years ago. Now, under a share redemption plan, Caterpillar would become the majority shareholder (67%) in Shin Caterpillar Mitsubishi Ltd., with an option to reach full ownership after five years...

Posted on March 26, 2008 12:13 PM