Caterpillar acquires Minetec from Codan for US$14M

Caterpillar is buying Minetec, a provider of high-precision tracking and safety solutions for underground mines, from Codan for approximately US$14 million plus a volume-based earn-out. The sale is expected to be finalised in July 2021.

“We believe that Caterpillar is the more appropriate owner, as they continue to be the market leading supplier to the mining industry.”miningnews.net

• 1 source
• miningnews.netCaterpillar buys Aussie businessKristie BattenJun 2, 2021

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