Caterpillar's acquisition of coal mine electromech
2022-10-12- Detail
Caterpillar's US $885million acquisition of coal mining machinery and electronics in the era
caterpillar's US $885million acquisition of coal mining machinery and electronics in the era
China Construction Machinery Information
Guide: on the morning of November 11, according to foreign reports, Caterpillar, the world's largest manufacturer of construction and mining equipment, has reported that its business scope is mainly focused on the manufacturing of high-tech polymer materials and the development of innovative solutions used in many fields of daily life. It has paid HK $6.89 billion (US $885 million) to acquire era mechanical and electrical equipment manufacturing Co., Ltd., headquartered in Hong Kong, in order to expand the sales industry in the Chinese market
On the morning of November 11, according to foreign reports, caterpillar, the world's largest manufacturer of construction and mining equipment, has offered HK $6.89 billion (US $885 million) to acquire era Machinery Ltd, which is headquartered in Hong Kong, in order to expand its sales business in the Chinese marketcaterpillar said in a statement yesterday that the company would purchase Shidai Coal Mine Electromechanical Equipment Co., Ltd. at a price of HK $0.88 per share or a loan note of HK $0.75 that could be redeemed at HK $1.15. According to this quotation, the company value of the latter can reach HK $4.49 billion to HK $6.89 billion. However, this transaction has yet to be approved by China's antitrust authorities. This quotation is 33% higher than the recent closing price of coal mine electromechanical in S
caterpillar will control the first Chinese enterprise that specializes in designing, manufacturing and selling underground coal mining equipment through this acquisition transaction. In the s, Zhengzhou Siwei Electromechanical Equipment Manufacturing Co., Ltd. is also owned by the coal mine electromechanical company
caterpillar is committed to developing its core manufacturing business, focusing on the production of mining equipment with strong demand in developing countries. In July this year, the group spent 8.8 billion US dollars to expand production capacity and increase the industry reshuffle to acquire the mining equipment manufacturer Bucyrus International Inc. (and it needs to design another communication adapter Bucyrus International Inc)
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