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M&A Deal Summary

Caterpillar Acquires HIndustan Earthmoving Equipment

On November 14, 2000, Caterpillar acquired machinery company HIndustan Earthmoving Equipment from Hindustan Motors for 73M USD

Acquisition Highlights
  • This is Caterpillar’s 8th transaction in the Machinery sector.
  • This is Caterpillar’s 6th largest (disclosed) transaction.
  • This is Caterpillar’s 1st transaction in India.

M&A Deal Summary
Date 2000-11-14
Target HIndustan Earthmoving Equipment
Sector Machinery
Buyer(s) Caterpillar
Sellers(s) Hindustan Motors
Deal Type Divestiture
Deal Value 73M USD

Target

HIndustan Earthmoving Equipment

Thiruvallur, India
Hindustan Earthmoving Equipment is the machinery division of Hindustan Motors. It has two facilities in south India; one at Thiruvallur in the state of Tamil Nadu and a second at Pondicherry.

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Buyer(S) 1

Buyer

Caterpillar

Irving, Texas, United States
Category Company
Founded 1925
Sector Machinery
Employees112,900
Revenue 64.8B USD (2024)
DESCRIPTION
Caterpillar office in Tucson, Arizona.
Caterpillar office in Tucson, Arizona.

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 12 of 39
Sector: Machinery M&A 8 of 22
Type: Divestiture M&A Deals 5 of 9
Country: India M&A 1 of 1
Year: 2000 M&A 3 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Bitelli

Minerbio, Italy

Bitelli S.p.A., a major European manufacturer of asphalt pavers, cold planers, compactors and other equipment for road construction and maintenance, with manufacturing facilities in Italy. Caterpillar has also acquired all distribution and service agreements with Bitelli dealers worldwide, as well as consultant agreements relating to distribution.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-08 Cat Motoren GMBH & Co. KG

Hamburg, Germany

Cat Motoren GMBH & Co. KG manufactures diesel engines primarily for marine propulsion ranging from 1,260 hp to 22,030 hp.

Sell -

Seller(S) 1

SELLER

Hindustan Motors

Kolkata, India
Category Company
Founded 1942
Sector Automotive
Employees192
Revenue 22M INR (2025)
DESCRIPTION

Hindustan Motors is an automotive manufacturer. Hindustan Motors formed in 1942 and is based in Kolkata, West Bengal.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2000 M&A 1 of 1
Size (of disclosed) 1 of 1
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