Diesel Progress North American

GLOBAL BUSINESS NOTES dp

Cat To Buy Bucyrus … LeeBoy To
Unveil New Line … New AGCO Acquiring
Rest Of Laverda, Has New JV …

Caterpillar Inc. and Bucyrus International, South Milwau- kee, Wis., have announced an agreement under which Caterpillar will acquire Bucyrus in a transaction valued at approximately $8.6 billion (including net debt), including $7.6 billion in cash. The deal, subject to regulatory and Bucyrus shareholder approval, is expected to close in mid-2011.

Caterpillar said it intends to locate its mining business at Bucyrus’ current headquarters in South Milwaukee, and maintain the Bucyrus brand for the principal Bucyrus legacy products. When the sale closes, Caterpillar Group President Steve Wunning will have executive office accountability for Bucyrus, along with his current responsibilities for the company’s mining business.

More on this mining market mega-deal can be found on our website, Diesel Progress Online at www.dieselprogress. com, and an analysis of the deal will be featured in the January issue of Diesel Progress North American.

Commercial asphalt paving equipment manufacturer LB Performance Paving Products, a division of LeeBoy, has announced a line of Blaw-Knox branded equipment. In collaboration with Volvo Construction Equipment, LeeBoy has licensed the Blaw-Knox brand in the commercial paving markets and will be responsible for all engineering, design, manufacturing, marketing and support of the Blaw-Knox commercial paving products.

As such, LB Performance Paving
Products is set to launch a new line of
commercial pavers and road wideners
based on traditional Blaw-Knox models
at ConExpo-Con/Agg show, Las Vegas,
Nev., in March. All the products are be-
ing produced at the LeeBoy manufactur-
ing facility in Lincolnton, N.C., and will be
distributed by Volvo Construction Equip-
ment Roadbuilding distributors. The ini-
tial product launch consists of three road
wideners and two rubber-tired pavers.