Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Caterpillar Inc.    CAT

Delayed Quote. Delayed  - 08/23 10:00:16 pm
84.01 USD   +0.50%
08/23 CATERPILLAR : Cat - new 950l and 962l medium wheel loaders feature a..
08/23 CATERPILLAR : launches 950L and 962L wheel loaders
08/22 CATERPILLAR : 40 Years of Building a Beautiful China
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Caterpillar To Sell Bucyrus Peru Distribution Unit For $75 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2012 | 09:24pm CEST

Caterpillar Inc. (>> Caterpillar Inc.) said it agreed to sell a distribution and support business in Peru to Ferreyros SAA (FERREYC1.VL) for about $75 million, allowing Caterpillar to continue to shed distribution units from recently acquired Bucyrus.

The deal includes inventory in Peru and 70 employees, who are expected to transition to Ferreyros.

Caterpillar--the world's sales leader in bulldozers, excavators and other earth-moving machinery--in July bought mining-equipment manufacturer Bucyrus for about $7.6 billion, and since then has made a series of deals to sell off portions of Bucyrus's distribution businesses. Cat has said its long-held strategy has been for its dealers to service and sell all its products. Since Bucyrus used a direct model to sell and support products, Cat said it would transition that distribution and support system to dealers.

"Our agreement with Ferreyros marks the next step in our journey to transition product distribution and support of former Bucyrus machinery to Cat dealers around the world," Steve Wunning, Caterpillar group president, said. "We're making good progress on our journey."

Caterpillar said it continues to hold discussions with other Cat dealers that have mining activity in their territories and will continue to operate the former Bucyrus distribution business until the transitions have occurred in a given territory.

Earlier this month, Seven Group Holdings Ltd. (>> Seven Group Holdings Ltd) said its WesTrac heavy machinery unit agreed to buy Bucyrus distribution and support businesses from Caterpillar in several parts of Australia for about $400 million. In January, Finning International Inc. (FINGF, FTT.T) said it has agreed to buy part of the Bucyrus distribution business for about $465 million. In December, Cat said the industrial division of Sime Darby Bhd (4197.KU) acquired a portion of Bucyrus's distribution business in Australia, Papua New Guinea and New Caledonia for about $360 million.

In January, Caterpillar said its fourth-quarter earnings jumped and the company predicted that demand for its construction and mining equipment will remain strong this year despite the slow recovery in construction in the U.S. and Europe.

Shares were up 1.1% to $107.06.

-By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stocks mentioned in the article : Caterpillar Inc., Seven Group Holdings Ltd
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CATERPILLAR INC.
08/23 CATERPILLAR : Cat - new 950l and 962l medium wheel loaders feature added power, ..
08/23 CATERPILLAR : launches 950L and 962L wheel loaders
08/22 CATERPILLAR : 40 Years of Building a Beautiful China
08/22 CATERPILLAR : Officer retires
08/22 CATERPILLAR : to cut niche mining production lines
08/22 DOW MOVERS : Utx, nke
08/21 CATERPILLAR : Two injured after semi hits Caterpillar near Michigan
08/20 CATERPILLAR : moving some mining manufacturing to Decatur
08/19 CATERPILLAR : Improving Sustainability at the Caterpillar Job Site
08/19 CATERPILLAR : to Explore Strategic Alternatives for Certain Mining Products; Com..
More news
Sector news : Heavy Machinery & Vehicles - NEC
08/20 EXOR says Dutch base makes it easier to invest, raise funds
08/20DJDEERE MPANY : Cost Cuts Help Profit -- WSJ
08/19DJDEERE MPANY : Cutting Output as Farm Slump Continues -- 4th Update
08/19DJDEERE MPANY : Lifts Outlook as Profit Beats Views -- 3rd Update
08/19DJDEERE MPANY : Lifts Profit Outlook As Profit Beats Views -- 2nd Update
More sector news : Heavy Machinery & Vehicles - NEC
News from SeekingAlpha
08/23 Ships And Ports Topside For Industrial Sector In August
08/23 LOOKING THROUGH DEERE'S Q3 'BEAT' : Signs Point To Trouble Ahead
08/22 Caterpillar Is A Sell
08/22 Are Industrial Stocks Signaling An Economic Upturn? - Bezek's Daily Briefing
08/21 MY PORTFOLIO UPDATE AND REVIEW OF 83 : Up 2 With Reynolds And Exelon, Down 1 Wit..
Advertisement
Financials ($)
Sales 2016 40 155 M
EBIT 2016 2 900 M
Net income 2016 1 706 M
Debt 2016 16 344 M
Yield 2016 3,67%
P/E ratio 2016 28,08
P/E ratio 2017 25,99
EV / Sales 2016 1,63x
EV / Sales 2017 1,64x
Capitalization 49 081 M
More Financials
Chart CATERPILLAR INC.
Duration : Period :
Caterpillar Inc. Technical Analysis Chart | CAT | US1491231015 | 4-Traders
Full-screen chart
Technical analysis trends CATERPILLAR INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 72,1 $
Spread / Average Target -14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Douglas R. Oberhelman Chairman & Chief Executive Officer
Bradley M. Halverson Group President & Chief Financial Officer
Gwenne Anne Henricks Chief Technology Officer
Julie A. Lagacy Vice President-Global Information Services
William A. Osborn Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CATERPILLAR INC.23.62%49 081
DEERE & COMPANY15.50%27 683
KOMATSU LTD13.44%21 695
PACCAR INC26.62%21 039
KUBOTA CORP-24.50%17 427
CNH INDUSTRIAL NV5.68%10 379
More Results