Caterpillar (CAT) Completes $750M Sale of Logistics Services Unit

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Caterpillar Inc. (NYSE: CAT) and Platinum Equity announced today that Platinum Equity's acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business.

The overall transaction is valued at approximately $750 million.

The sale does not impact Caterpillar manufacturing logistics and transportation operations or Cat brand parts distribution. These services will continue as core businesses within Cat Logistics. As part of the sale to Platinum Equity, the divested third party logistics business will continue to provide logistics services for non Cat branded parts including FG Wilson, Perkins, Solar, as well as for Caterpillar Japan.

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