Caterpillar announced they are acquiring Bucyrus International.  Caterpillar is number 2 in their industry segment and #153 in The Global 5000 list.  Bucyrus is ranked 65 in Farm and Industrial Equipment industry and #1953 in the Global 5000.

This industry segment has really felt the effect of the recession.  Industry growth in 2007 was 14.9%, followed by 12.2% in 2008. Then came 2009 where revenues fell by 20.8%.  As we come out of these financial times and the economy starts to pick up, corporations have stashes of cash.  And the M&A activity is picking up — this is evidence of that trend.

The top 10 companies in this segment are:

  • ThyssenKrupp
  • Caterpillar
  • ABB
  • Mitsubishi Heavy Industry
  • Deere
  • Alstom
  • Hyundai Heavy Industry
  • Komatsu
  • Doosan Infracore
  • CNH Global