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Barloworld acquired Wagner Asia Equipment LLC, a Caterpillar dealer in Mongolia, for $8 million on February 4, 2020.
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.
Wagner Asia Equipment LLC delivered five new Caterpillar excavators to ES Resource LLC in Mongolia on May 22, 2019. The excavators feature new technologies for improved productivity and safety.