M&A Deal Summary

Caterpillar Acquires Bucyrus International

On November 16, 2010, Caterpillar acquired machinery company Bucyrus International for 7.6B USD

Acquisition Highlights
  • This is Caterpillar’s 20th transaction in the Machinery sector.
  • This is Caterpillar’s largest (disclosed) transaction.
  • This is Caterpillar’s 13th transaction in the United States.
  • This is Caterpillar’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2010-11-16
Target Bucyrus International
Sector Machinery
Buyer(s) Caterpillar
Deal Type Add-on Acquisition
Deal Value 7.6B USD
Advisor(s) Sullivan & Cromwell
Arnold & Porter (Legal)

Target

Bucyrus International

Milwaukee, Wisconsin, United States
Bucyrus International, Inc. is a manufacturer of large-scale excavation equipment used in surface mining and other earth moving operations including rotary blast hole drills, electric mining shovels, and draglines.

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Buyer(S) 1

Buyer

Caterpillar

Irving, Texas, United States
Category Company
Founded 1925
Sector Machinery
Employees113,200
Revenue 67.1B USD (2023)
DESCRIPTION
Caterpillar's corporate headquarters in Deerfield, Illinois.
Caterpillar's corporate headquarters in Deerfield, Illinois.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.

DEAL STATS #
Overall 29 of 38
Sector (Machinery) 20 of 22
Type (Add-on Acquisition) 19 of 27
State (Wisconsin) 2 of 2
Country (United States) 13 of 18
Year (2010) 5 of 5
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-22 Motoren-Werke Mannheim

Mannheim, Germany

Motoren-Werke Mannheim GmbH (MWM GmbH) is a provider of efficient and environmentally friendly decentralised power generation systems. MWM focuses on generator setups (gensets) and combined heat and power (CHP), trigeneration (heat, power, cooling), as well as complete turnkey solutions based on engines (180 – 4,000 kW) using natural gas and special gases, with a particularly strong reputation in biogas and special gas applications (sewage, landfill or mine gas).

Buy $810M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 Carter Machinery Company

Salem, Virginia, United States

Carter Machinery is a Caterpillar dealership headquartered in Salem, Virginia, and has operations and stores covering Virginia and nine counties in southeast West Virginia.

Sell -
Mergr

Product

Company

Legal