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Tag: Caterpillar raid
Construction Equipment
Year in Review: The Biggest Construction Equipment News Stories of 2017
2017’s Top Newsmaker: Deere buys Wirtgen After identifying Wirtgen as an attractive strategic fit several years ago, John Deere pulled the trigger in a surprise move this June, buying German equipment manufacturer Wirtgen Group. The all-cash $5.2 billion deal gave Deere access to Wirtgen’s deep roots in roadbuilding and quarry equipment markets. The deal also […]
December 29, 2017
Construction Equipment
Federal agents raid Caterpillar HQ as part of investigation; stock tumbles
UPDATE 4:10 p.m: Cat has issued a brief press release regarding Thursday’s raid of its facilities by federal agents. This story has been updated to reflect this new information.  Three of Caterpillar’s Illinois facilities received surprise visits from federal agencies Thursday morning as law enforcement officials seized documents and electronic records apparently pertaining to an […]
March 2, 2017
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