# Barloworld to buy Wagner Asia Equipment for R3.25bn

Barloworld agreed to buy 100% of Wagner Asia Equipment and 49% of SGMS in Mongolia for about R3.252bn. The businesses distribute Caterpillar equipment and will be combined with Barloworld's Russian unit.

- Type: Acquisition
- Announced: 2020-02-03
- Where: Mongolia, Mongolia
- Value: $220.0M (3.25B ZAR)
- Status: announced
- Products: construction equipment, mining equipment, power systems
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Barloworld](https://endata.com/companies/6766.md) (acquirer)
- [SGMS](https://endata.com/companies/6768.md) (target)
- [Wagner Asia Equipment](https://endata.com/companies/39538.md) (target)

## Sources

- [businessday.co.za](https://www.businessday.co.za/bd/companies/industrials/2020-02-03-barloworld-to-buy-mongolian-caterpillar-dealer-for-r325bn/), 2020-02-03: "Barloworld said on Monday it had agreed to buy two equipment businesses in Mongolia for about R3.252bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.