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Caterpillar entered a preliminary agreement to sell its purpose-built forestry business (excluding forestry excavators) to Weiler, Inc. The sale is expected to close by early 2019.
“Caterpillar announced that it has entered into a preliminary agreement with Weiler, Inc. to sell the Cat purpose-built forestry business.”dealsonwheels.co.nz
Summarized from public sources; check the original articles before acting on it.