Tag: Caterpillar Global Mining

Construction Equipment

Caterpillar to shutter global mining HQ, move jobs to South Milwaukee

Just weeks after Caterpillar announced a massive cost reduction plan and the departure of its top mining executive, the equipment manufacturer has decided to close down its global mining equipment headquarters in Oak Creek, Wisconsin. The good news for the employees at the $8.6 million Oak Creek facility is that all 250 jobs at the location will transitioned to a […]

October 9, 2015

Roadbuilding

Cat completes Bucyrus acquisition

Caterpillar Inc. has completed its acquisition of Bucyrus International Inc., the company publicly announced on July 11. Caterpillar funded the acquisition, valued at about $8.8 billion (including net debt), using cash from its balance sheet and debt. The company did not issue equity to help fund the transaction. Caterpillar Group President Steve Wunning will have […]

July 11, 2011

Business

Cat completes Bucyrus acquisition

Caterpillar Inc. has completed its acquisition of Bucyrus International Inc., the company publicly announced on July 11. Caterpillar funded the acquisition, valued at about $8.8 billion (including net debt), using cash from its balance sheet and debt. The company did not issue equity to help fund the transaction. Caterpillar Group President Steve Wunning will have […]

July 11, 2011