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  5. Finning Acquires Cat Motoren GMBH KG

M&A Deal Summary

Finning Acquires Cat Motoren GMBH KG

On January 8, 2001, Finning acquired marine company Cat Motoren GMBH KG from Caterpillar

Acquisition Highlights
  • This is Finning’s 1st transaction in the Marine sector.
  • This is Finning’s 1st transaction in Germany.

M&A Deal Summary
Date 2001-01-08
Target Cat Motoren GMBH KG
Sector Marine
Buyer(s) Finning
Sellers(s) Caterpillar
Deal Type Divestiture

Target

Cat Motoren GMBH KG

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

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Buyer(S) 1

Buyer

Finning

Surrey, British Columbia, Canada
Category Company
Founded 1933
Sector Machinery
Employees13,188
Revenue 10.5B CAD (2023)
DESCRIPTION

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Surrey, Canada.

DEAL STATS #
Overall 2 of 11
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Germany M&A 1 of 1
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-30 Hewden Stuart

Manchester, United Kingdom

Hewden is an equipment rental company, providing equipment rental and contract management services to key businesses in virtually every sector of British industry. Equipment rental typically includes cranes, dumpers, excavators, access platforms and power generation tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-23 Interior Lift Truck Services

Langley, British Columbia, Canada

Interior Lift Truck Services, Inc. provides sales, rentals and servicing of new and used forklifts and high-reach equipment.

Sell CA$65M

Seller(S) 1

SELLER

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 2 of 8
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 2 of 7
Country: Germany M&A 1 of 1
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-14 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.

Buy $73M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-11 Ironmart

Lexington, South Carolina, United States

Ironmart LLC specialize in used forestry/logging, recycling/grinding, chipping, and screening equipment on a national and international scale.

Buy -
Mergr

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