Caterpillar quicken her step for expanding

Caterpillar Inc. agreed on Wednesday to buyout the complete stake from its Japanese joint-venture partner Mitsubishi Heavy Industries Ltd. The deal is expected to be completed in the second quarter of 2012.

The 50-50 joint venture between Caterpillar and Mitsubishi Heavy Industries was formed 48 years ago named Caterpillar Mitsubishi Ltd. Then Caterpillar became a majority owner in 2008 after completing a first phase of share redemption, and at that time it was renamed as Caterpillar Japan Ltd.

Caterpillar inc. the world's largest construction and mining equipment manufacturer, For more than 85 years, has been making progress possible and driving positive and sustainable change on every continent.

The buyout is in line with Caterpillar's enterprise strategy of rapidly expanding emerging markets of Asia and the Commonwealth of Independent States.

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