Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.
Excavators are heavy construction equipment consisting of a boom, dipper, bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression from the steam shovels and often mistakenly called power shovels. All movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors. Due to the linear actuation of hydraulic cylinders, their mode of operation is fundamentally different from cable-operated excavators which use winches and steel ropes to accomplish the movements.
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas.
Heavy equipment or heavy machinery refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. Heavy equipment usually comprises five equipment systems: the implement, traction, structure, power train, and control/information.
A dragline excavator is a piece of heavy equipment used in civil engineering and surface mining.
Caterpillar Inc. is an American Fortune 500 corporation and the world's largest construction-equipment manufacturer. In 2018, Caterpillar was ranked number 65 on the Fortune 500 list and number 238 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
Lexmark International, Inc. is a privately held American company that manufactures laser printers and imaging products. The company is headquartered in Lexington, Kentucky. Since 2016 it has been jointly owned by a consortium of three multinational companies: Apex Technology, PAG Asia Capital, and Legend Capital.
A steam shovel is a large steam-powered excavating machine designed for lifting and moving material such as rock and soil. It is the earliest type of power shovel or excavator. Steam shovels played a major role in public works in the 19th and early 20th century, being key to the construction of railroads and the Panama Canal. The development of simpler, cheaper diesel-powered shovels caused steam shovels to fall out of favor in the 1930s.
{{Infobox person | name =Edward Huber | birth_date = September 1, 1837 | birth_place = Dover, Indiana, [[Indiana], [U.S.]] | death_date = August 26, 1904 (aged 66) | death_place = Marion Ohio, U.S. | nationality = American | occupation = }} Edward Huber was an American inventor and industrialist.
General Electric Automation and Controls division combines what was formerly known as GE Intelligent Platforms and Alstom's Power Automation and Controls. In 2019, GE Intelligent Platforms was acquired by Emerson Electric and is now called Machine Automation Solutions.
Marion Power Shovel Company was an American firm that designed, manufactured and sold steam shovels, power shovels, blast hole drills, excavators, and dragline excavators for use in the construction and mining industries. The company was a major supplier of steam shovels for the construction of the Panama Canal. The company also built the two crawler-transporters used by NASA for transporting the Saturn V rocket and later the Space Shuttle to their launch pads. The company's shovels played a major role in excavation for Hoover Dam, the Holland Tunnel and the extension of the Number 7 subway line to Main Street in Flushing, Queens.
The Caterpillar 797 is a series of off-highway, ultra class, two-axle, mechanical powertrain haul trucks developed and manufactured in the United States by Caterpillar Inc. specifically for high-production mining and heavy construction applications worldwide. In production since 1998, the 797 series represents Caterpillar’s largest, highest capacity haul trucks. The current, third-generation model, the 797F, offers one of the largest haul truck payload capacities in the world, up to 400 short tons (363 t) and has the highest payload capacity among mechanical drive haul trucks.
Bucyrus-Erie was an American surface and underground mining equipment company. It was founded as Bucyrus Foundry and Manufacturing Company in Bucyrus, Ohio, in 1880. Bucyrus moved its headquarters to South Milwaukee, Wisconsin in 1893. In 1927, Bucyrus merged with the Erie Steam Shovel Company to form Bucyrus-Erie.
A power shovel is a bucket-equipped machine, usually electrically powered, used for digging and loading earth or fragmented rock and for mineral extraction. Power shovels are a type of rope/cable excavator, where the digging arm is controlled and powered by winches and steel ropes, rather than hydraulics like in the more common hydraulic excavators. Basic parts of a power shovel include the track system, cabin, cables, rack, stick, boom foot-pin, saddle block, boom, boom point sheaves and bucket. The size of bucket varies from 0.73 to 53 cubic meters.
Terex Corporation is an American worldwide manufacturer of lifting and material-handling plant for a variety of industries including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and utilities. The company's major business segments include aerial work platforms, construction cranes, bulk-material hauling machines, road-paving machines, and container-port cranes.
The Marion Steam Shovel, also known as the Le Roy Steam Shovel, is a historic Model 91 steam shovel manufactured by the Marion Steam Shovel and Dredge Company of Marion, Ohio. It is located on Gulf Road in the Town of Le Roy, New York, United States.
The Bucyrus MT6300AC is an off-highway, ultra class, two-axle, diesel/AC electric powertrain haul truck designed and manufactured by Bucyrus International Inc. in the United States. The MT6300AC is Bucyrus' largest, highest payload capacity haul truck, offering one of the largest haul truck payload capacities in the world, up to 400 short tons (363 t). The closest analogs are Liebherr T 282B, Caterpillar 797F, which can carry the same weight, and BelAZ 75710 with 450 tons payload capacity.
Joy Global Inc. was a company that manufactured and serviced heavy equipment used in the extraction and haulage of coal and minerals in both underground and surface mining. The company had manufacturing facilities in Alabama, Pennsylvania, Texas, Wisconsin, Australia, Canada, China, France, South Africa and the United Kingdom. In 2017, Joy Global was acquired by Komatsu Limited and was renamed Komatsu Mining Corp.
The Titan Tire Corporation is an American tire corporation formed in 1993 by Maurice M. Taylor Jr., then owner of Titan Wheel, purchased the Dyneer Corporation, manufacturer various off-road tires. Titan is one of the largest manufacturer of off-road tires in North America. It continued expanding its product offering and reach by purchasing the off-road tire assets of Pirelli Armstrong Tire Corporation in 1994. In 1997, Titan International split Titan Tire Corporation into subsidiary of(NYSE: TWI).
Carter Machinery, founded in Virginia in 1927, is a producer of lubricants for engines and other mechanical purposes. By the 1980s, it also became the largest dealer in Caterpillar equipment in the United States, and it was acquired by Caterpillar, Inc. in 1988. Carterpillar contended that the acquisition, breaking its tradition of having only independent dealerships, was necessary to protect its right to dictate who could sell and service their product in the state of Virginia. Carter was bought out by its management in 2011, again becoming an independent dealer for Caterpillar.
