Posted in | News | Mining Equipment

Caterpillar Looks to Acquire Bucyrus

The machinery and engine manufacturer Caterpillar has placed a $7.6 billion takeover bid for another equipment maker, Bucyrus. Currently Caterpillar produces heavy duty trucks and excavators. If the deal with Bucyrus goes through it will add giant electrical shovels and other mining equipment to its catalogue.

The move from Caterpillar for consolidation comes as the largest deal that the company has ever made in its 85 years of existence. The Peoria, Illinois based company is basing this decision on the great mining boom which the world markets are experiencing right now.

They think, and rightly so, that mining equipment is a good investment to make in the current scenario where the global demand for coal, iron ore, copper, gold and uranium are soaring beyond imagination. The new products which would be on offer are likely to double the current revenue that Caterpillar generates from mining.

The mining boom may also see Bucyrus rival Joy Global Inc being taken over by Hitachi Construction Machinery or Komatsu Ltd. of Japan, as their products will complement each other. These consolidations are driven by the demand from emerging markets in Brazil, China and India.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Caterpillar. (2019, February 18). Caterpillar Looks to Acquire Bucyrus. AZoMining. Retrieved on August 08, 2022 from

  • MLA

    Caterpillar. "Caterpillar Looks to Acquire Bucyrus". AZoMining. 08 August 2022. <>.

  • Chicago

    Caterpillar. "Caterpillar Looks to Acquire Bucyrus". AZoMining. (accessed August 08, 2022).

  • Harvard

    Caterpillar. 2019. Caterpillar Looks to Acquire Bucyrus. AZoMining, viewed 08 August 2022,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type