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Gainwell Engineering will invest Rs 500 crore to manufacture coal mining equipment under a Caterpillar technology licence at a plant on 35 ares in Panagarh, West Bengal, creating over 250 jobs. The announcement was made on February 7, 2022.
Caterpillar completed its acquisition of the Oil & Gas division of Weir Group, which now operates as SPM Oil & Gas near Fort Worth, Texas. The business includes more than 40 global service centers and about 2,000 employees.
The US Federal Trade Commission granted early termination of Caterpillar Inc.'s acquisition of The Weir Group PLC, a deal covering several Weir subsidiaries, as of 3 November 2020.
Caterpillar signed an agreement to acquire the Oil & Gas division of Scotland-based Weir Group for $405 million in cash, pending shareholder and regulatory approval. The division is headquartered in Fort Worth, Texas.
Meggitt plc secured a 5-year long-term supply agreement with Solar Turbines, a Caterpillar subsidiary, for electric valves and actuators for multiple engine programmes.
Korean company Jinsung TEC signed a supply contract with Caterpillar for heavy equipment undercarriage parts worth KRW 373,108,870,000, running to July 31, 2022. The disclosure was made on December 5, 2017.
Longacre Group announced the acquisition of Pyroban and Pyropress, makers of explosion protection equipment, from Caterpillar Inc. Brian Quarendon joins as CEO to carry out the carve-out and drive growth.
Toromont Industries agreed to buy privately held Hewitt Group, operator of 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador West and Ontario, for about C$1.02 billion in cash and shares, expected to close by mid-October.
