M&A Deal Summary

Caterpillar Acquires JCS Co.

On November 30, 2009, Caterpillar acquired machinery company JCS Co. from JINSUNG

Acquisition Highlights
  • This is Caterpillar’s 17th transaction in the Machinery sector.
  • This is Caterpillar’s 1st transaction in South Korea.

M&A Deal Summary

Date 2009-11-30
Target JCS Co.
Sector Machinery
Buyer(s) Caterpillar
Sellers(s) JINSUNG
Deal Type Divestiture

Target

JCS Co.

Kyungnam, South Korea
JCS Co., Ltd., a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery.

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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 24 of 39
Sector: Machinery M&A 17 of 22
Type: Divestiture M&A Deals 8 of 9
Country: South Korea M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-24 MGE Equipamentos & Servicos Ferroviarios

Diadema, Brazil

MGE is a manufacturer and reconditioner of traction motors, main and auxiliary generators, control equipment and auxiliary components for locomotives and transit cars. In addition, MGE maintains, modernizes and rebuilds transit cars and locomotives. Customers include various transit authorities and railroads in South America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Zeit Comercio e Montagem de Equipamentos Electronicos

Curitiba, Brazil

Zeit, is a provider in automation and electrical equipment for locomotives and other industries.

Buy -

Seller(S) 1

SELLER

JINSUNG

Pyeongtaek, South Korea

Category Company
Founded 1982
Sector Machinery
Employees208
Revenue 390.5B KRW (2024)
DESCRIPTION

JINSUNG string for production of heavy construction equipment parts ever since it was founded, is capable to produce 1.2 million units (including 400 thousand from the Plant in China) annually of track rollers and carrier rollers with the world's best technology. We are maintaining the largest production in the world ever since 2004. JINSUNG was founded in 1982 and is based in Pyeongtaek, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2009 M&A 1 of 1