Brookfield unit leads investment in Brazilian heavy equipment manager Ouro Verde
Total value of deal is US$170 million. Transaction expected to close by year end.
Toromont to acquire Quebec’s Hewitt Group for $1.02B
Deal will combine two of Canada’s largest heavy equipment distributors.
Caterpillar uses offshore haven to avoid billions in taxes, senator says
Report suggests the manufacturing giant has avoided paying $2.4B in taxes since 2000 by shifting profits to an affiliate in Switzerland.
Caterpillar ratifies union contract at Illinois plant
800 workers at the company’s Joliet facility are finally heading back to work.
US trade deficit falls to $48.7 billion as exports rise
Deficit reduction helped by cheaper oil that lowered imports and more exports to Europe and China.
CAT tenders for ERA Mining Machinery in China for $759M
Caterpillar is broadening its presence in China with an offer worth up to $759 million to acquire ERA Mining Machinery Ltd. and its wholly-owned subsidiary Siwei.
Caterpillar building $200M Georgia plant, creating 1,400 jobs
Transferring small-track tractor production from a plant in Japan