Caterpillar to sell majority stake of third-party logistics business
11 May 2012
Caterpillar is to sell a 65% stake in its third-party logistics division to US-based Platinum Equity for US$750 million.
The third-party distribution business, owned by Caterpillar Logistics Inc, provides logistics services to 50 Cat customers worldwide and handles logistics for non-Cat branded parts for FG Wilson, Perkins and Solar, and…