From Earlier: Caterpillar to Sell Part of Bucyrus Distribution Business to Cat Dealer WesTrac for $400M

Caterpillar Inc.

announced yesterday the company has reached an agreement with WesTrac Pty Limited, a wholly owned subsidiary of Seven Group Holdings Limited, to acquire from Caterpillar the distribution and support business formerly operated by Bucyrus in Western Australia, Australian Capital Territory and New South Wales. The transaction is valued at approximately USD $400 million.