Ferreyros will acquire the distribution and support business formerly operated by Bucyrus in Peru from Caterpillar.
After closing, Ferreyros expects to begin providing sales, service and support for former Bucyrus mining products in all of Ferreyros’ dealership territories. The transaction is valued at approximately USD $75 million.
The acquired distribution and support business includes inventory in Peru as well as approximately 70 former Bucyrus employees who are expected to transition to Ferreyros upon closing of the transaction.
Caterpillar continues to hold discussions with other Cat dealers that have mining activity in their territories and will operate the former Bucyrus distribution business until the transitions have occurred in a given territory. In addition to the agreement with Ferreyros, Caterpillar closed the transaction with Sime Darby Industrial in the fourth quarter of 2011 and announced agreements with Finning International and WesTrac Pty Limited.
For more information, visit caterpillar.com or ferreyros.com.pe/.
