In yet another effort to enhance its business in Japan, Caterpillar Inc. (CAT) announced that Caterpillar Japan Ltd. has acquired Caterpillar Tohoku Ltd. Caterpillar Tohuku's 400 employees and its three subsidiaries will now come under Caterpillar Japan.
Cat Tohoku was independently owned and operated for more than four decades. It provides sales, rental, service and aftermarket support for Caterpillar machines in the Aomori, Iwate, Miyagi, Akita, Yamagata and Fukushima territories.
The acquisition will help Caterpillar Japan in restructuring its distribution network in Japan. (zacks.com)
↧