The world’s leading earthmoving equipment manufacturer, Caterpillar Inc. and Trimble, the leading innovator in developing technology for mobile and work applications, announced today the creation of a new joint venture company and a new distribution agreement. The new company, VirtualSite Solutions, will integrate the deep expertise of both parent companies in the areas of product [...]

Heavy equipment maker Caterpillar Inc. said Monday that it will acquire certain assets of Gremada Industries Inc., which reclaims and remanufactures metal components.
Financial terms were not disclosed.
The agreement was signed on Sunday and the deal is expected to close when legal and regulatory requirements are completed, Caterpillar said.
West Fargo, N.D.-based Gremada remanufactures and reclaims metal [...]

Caterpillar Inc. said its first-quarter profit fell three per cent, as strength in the company’s overseas business could not overcome a weak U.S. construction market and a sharp decline in engine sales.
But the company’s shares rose more than five per cent after Caterpillar boosted its earnings forecast for the next year.
Matt Collins, an analyst with [...]

Ingersoll-Rand Co., the maker of Bobcat machinery and Thermo-King refrigerated trucks, said first- quarter profit fell 14 percent on slower sales of equipment used in housing construction.
Net income dropped to $217.5 million, or 70 cents a share, from $253.2 million, or 76 cents, a year earlier. Profit beat analysts’ estimates. Sales rose 5.7 percent to [...]

Executives from Caterpillar Inc., Mitsubishi Heavy Industries Ltd. and Shin Caterpillar Mitsubishi Ltd. have signed a nonbinding memorandum of understanding to conclude a plan that would result in a new ownership structure for SCM.
The companies are in discussions with the intention of reaching definitive agreements for the plan where Caterpillar would own the majority [...]