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.
The Cat Skid Steer Loader (SSL) and Multi Terrain Loader (MTL) have earned the distinction of being tough, reliable machines that perform a variety of tasks competently, while providing exceptional convenience and control. Now, the new B-Series 3 loaders incorporate design refinements that make them even more capable, more reliable, safer and easier to operate. Specific design refinements for all B-Series 3 models include a redesigned "dead-engine lower valve," single electronic control module (ECM), which is relocated for improved access and reliability, plus new ECM-enabled features.
5 October 2010 First-Rate Power in First-Rate Machines
The Big Foot – the “nightmare” of every car got going the adrenaline of Bulgarian spectators during the Monster Truck Show 2010. In October the original truck-monster arrived in the Balkan Peninsula for the first time and made an unforgettable two-day show at the National Hippodrome in Bankya. Before the final, a series of demonstrations with motorcycles, ATVs, off-road vehicles and racing buggies “warmed up” the spectators.
The country’s first exhibition of quarry, sounding, crushing and screening machines in their working environment took place on 23 and 24 September. The event was hosted by the companies Andezit and Andela, and the co-organizers were Eltrak Bulgaria, Atlas Copco Bulgaria and Powerscreen Bulgaria. On 23 September, in the presence of Dimitar Nikolov, Mayor of Bourgas, the detailed presentations of the companies-importers helped elucidate the specific features and qualities of the products of the world-famous brands of Caterpillar, Atlas Copco Powercrusher, Powerscreen, Tesab and Atlas Copco.
It is for two consecutive years now that Todor Sheljaskow, Manager of Eltrak Bulgaria has been on the Top Ten list of the Manager of the Year competition. In 2010 the aspirants to the title were a Who's Who of the managers in Bulgaria, 15% of them being from the industrial sector, 13% - from the building sector, 10% - from the banking and the insurance sectors.
10 August 2010 The first sold Cat track-type paver sold in Bulgaria
Cat AP655D is the first track-type paver sold in the country. The model is unique and has already begun working on the restoration of the road infrastructure of Kosharitza vacation village near the Sunny Beach seaside resort. The 19-tonne machine of Caterpillar was bought by the Bourgas company 'Pat-2004' Ltd. After this project, it will also pave the central boulevards in the city of Bourgas.
The restricted air traffic and the current economic situation were not an obstacle to Bauma 2010 – the biggest international fair for construction and mining machinery to achieve record-breaking results. The number of registered exhibitors was the highest ever – 3,150 from 53 countries, with 555,000 square metres of space. The visitors that attended Bauma were 415,000 from more than 200 countries - only 17 percent fewer than those in 2007, due to the flights cancelled because of the volcano ash.