# Caterpillar offers $886 million for ERA Mining Machinery

Caterpillar Inc. offered $886 million to acquire ERA Mining Machinery Ltd, a Hong Kong-based maker of mine safety machinery, to expand in China's coal mining market.

- Type: Acquisition
- Announced: 2020-05-17
- Where: China
- Value: $886.0M
- Status: announced
- Products: mine safety machinery
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Caterpillar](https://endata.com/companies/1968.md) (acquirer)
- [ERA Mining Machinery](https://endata.com/companies/46025.md) (target)

## Sources

- [miningdigital.com](https://miningdigital.com/digital-mining/caterpillar-inc-banks-chinas-mining-industry), 2020-05-17: "It would 'help our Chinese mining customers to become more efficient and safer at the job site,' Wunning told Businessweek."

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