Caterpillar's acquisition of kaibit security equip

2022-10-21
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The first end of Caterpillar's device is a solid rod connecting a pedicle screw. Caterpillar acquired keybit safety equipment company with us $2.5 billion

caterpillar acquired keybit safety equipment company with us $2.5 billion

China Construction machinery information

on June 23, Beijing time, caterpillar announced on Tuesday, It has agreed to acquire capital safety, a British personal safety equipment manufacturer, from KKR group, a private equity giant, at a total transaction price of $2.5 billion, including $700million in debt of cabit

caterpillar expects this transaction to be completed in the third quarter of this year, which will reduce its earnings per share by 4 cents in the first year after completion, but will increase its earnings per share by 12 cents after deducting one-time expenses

cabit has about 1500 employees worldwide, with a revenue of $430million for the fiscal year ended March 31. The company was acquired by KKR for us $1.1 billion in 2011

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