Caterpillar Inc. and Bucyrus International, Inc. entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net debt). The acquisition is based on Caterpillar’s key strategic imperative to expand its leadership in the mining equipment industry, and positions Caterpillar to capitalize on the robust long-term outlook for commodities driven by the trend of rapid growth in emerging markets which are improving infrastructure, rapidly developing urban areas and industrializing their economies.
A driving motivation for the transaction is Caterpillar’s estimate of more than $400 million in annual synergies beginning in 2015 derived from the combined financial strength and complementary product offerings of the combined mining equipment businesses. “Even today at mine sites around the world, our customers are using Bucyrus shovels to load Caterpillar mining trucks,” said Caterpillar Group President Steve Wunning. “This combination, as well as the significant expansion in products and facility capacity already announced, gives us the opportunity to expand the range of surface and underground mining products and solutions offered to customers by Caterpillar and its dealer network.”
Caterpillar intends to locate its mining business headquarters in South Milwaukee, Wisconsin, where Bucyrus headquarters is currently located. In Bulgaria Bucyrus products will be offered by Eltrak Bulgaria – the authorized dealer of Caterpillar.
18 March 2013 The Coldest Journey
The Coldest Journey is the first ever attempt to cross the Antarctic continent during the polar winter. Led by Sir Ranulph Fiennes ‘the world’s greatest living explorer’ (Guinness World Records), the traverse will take place between the two seasonal equinoxes, 21st March – 21st September, with the ice team travelling from Novo to the Ross Sea in the Antarctic winter. During this six month period the expedition team will have travelled 2,000 miles, mostly in complete darkness in temperatures as low as –90°C.
19 February 2013 One giant leap for electric power
Building on the fundamentals of proven reliability and efficiency established by the 3500 series, Caterpillar has once again revolutionized electric power with the introduction of the C175 family of diesel generator sets with ACERT™ Technology. This new family of generator sets combines high power density with efficient operation and low emissions. In a wide variety of prime and standby applications—commercial, institutional, industrial, utilities and more—the C175 family delivers cost-effective power in a small, highly versatile package...
13 February 2013 “Heavy duty” CAT telephones have arrived
CAT (Caterpillar) launches its resistant phones – CAT B10 and CAT B25 – on the Bulgarian market. CAT telephones are water-resistant, shockproof, dustproof and frost-resistant. These phones are intended primarily for those who need a phone that can stand up to the toughest of conditions for their work or hobbies. The high resistance is certified by the IP 67 standard. This ensures full functionality even under rugged conditions or during outdoor activities.
16 January 2013 Caterpillar Unveils First Hybrid Excavator
Caterpillar Inc. unveiled the first model in its new line of hybrid excavators, the Cat 336E H.The machine uses a new hydraulic hybrid technology developed by Caterpillar. The 336E was introduced primarily to meet Tier 4 Interim/Stage IIIB emissions standards, and like any new Cat machine, it includes several enhancements over its predecessor, including more horsepower with greater fuel efficiency, more lift capability, higher digging force and automatic aftertreatment regeneration.
18 December 2012 Ilia Tzarski – winner in two championships in 2012
Ilia Tsarski, the car racing pilot sponsored by Eltrak Bulgaria, became the 2012 national winner. However, this time he triumphed with two cups – the Track Championship and the Mountain Championship ones. The fastest racing car in Bulgaria – the Mitsubishi Lancer Evo 9 E-max with which Tsarski won a victory over his competitors – has a motor of 650 h.p., 1000 Nm, OHLINS suspension, AP Racing brake system and a sequential gearbox, which changes gears within 0,026 seconds.
Caterpillar is introducing a revised line-up of 20-24 tonne E Series crawler excavators. The Cat® 320E, 323E and the reduced radius 320E RR adopt the EU Stage IIIB Cat C6.6 ACERTTM engine, providing reduced emissions and fuel consumption savings of up to 11%, compared to comparative D Series models while providing fuel savings of 8% and 9% respectively. Operators will appreciate an improved cab environment, with a wider range of seating including heating and cooling options.