US: Caterpillar to sell 65% of Cat Logistics Services

Caterpillar has signed an agreement that will result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services LLC, the 3PL (third party logistics) division of its wholly owned subsidiary, Caterpillar Logistics Inc (Cat Logistics). Under the terms of the agreement, Caterpillar will retain a 35% equity stake. The Subscribe to Automotive World … Continued

• By Webmaster
• May 14, 2012