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Report: Caterpillar to purchase Chinese mining equipment maker ERA

Leading heavy equipment maker Caterpillar Inc. (CAT) continues to flex its muscle with a reported agreement that will see the company purchase China’s ERA Mining Machinery Limited. Sources have confirmed CAT will buy ERA, whi...

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Heavy equipment dealer Finning posts third-quarter earnings of $35 million

Vancouver-based Finning International Inc. (TSX: FTT) reported third quarter profits of $35 million on Tuesday. The same quarter last year saw the heavy equipment dealer earn $63 million. According to reports by the Canadia...

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Agricultural machinery manufacturer John Deere announces additional investments in Russia

Leading agricultural equipment manufacturer Deer & Company (NYSE: DE) has officially announced its purchase of a large factory in Orenburg, Russia. The Illinois-based company plans to invest approximately $32 million in a...

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Rio Tinto increases number of driverless trucks in fleet

Rio Tinto PLC, the world’s second largest iron ore miner, has announced their plan to drastically boost the number of driverless trucks to 150 in their fleet over the next four years. The large-scale purchase will give Rio th...

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New strategic alliance to protect heavy equipment buyers and sellers

The National Equipment Register (NER) and Escrow.com have gone public with a strategic partnership that will ensure heavy equipment makers and owners can effectively manage liabilities and risks associated with the purchase and...

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Heavy equipment maker Caterpillar completes takeover of Germany’s MWM

Caterpillar, an industry leader in the production of construction and mining equipment, has announced their acquisition of MWM Holding GmbH (MWM) from 3i, a London-based equity and venture capital firm, on Tuesday. The transa...

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