# WesTrac to acquire Caterpillar's Bucyrus assets in China for $142.7M

WesTrac announced it will acquire Caterpillar's former Bucyrus assets in China for $142.7 million, subject to Chinese regulatory approval, with completion expected on 30 June 2014. The deal will add about 80 employees.

- Type: Acquisition
- Announced: 2020-03-19
- Where: China, China
- Value: $142.7M
- Jobs: 80
- Status: announced
- Products: underground mining equipment, above-ground mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (target)
- [Seven Group Holdings](https://endata.com/companies/9516.md) (partner)
- [WesTrac](https://endata.com/companies/21577.md) (acquirer)

## Sources

- [quarrymagazine.com](https://www.quarrymagazine.com/westrac-expands-in-china/), 2020-03-19: "As underground mining accounts for more than 80 per cent of all coal production in China, the acquisition of this business will significantly increase the opportunities for WesTrac's future growth in China."

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