Caterpillar completes 3PL sale to Platinum Equity

Markets

Friday, August 03, 2012

Caterpillar Inc. said it completed the sale of a 65 percent stake in its Caterpillar Logistics Services business to Platinum Equity in a deal valued at about $750 million. Caterpillar Logistics Services is the third party logistics division of Caterpillar's subsidiary, Caterpillar Logistics Inc. Platinum intends to establish the business as a standalone company under a new brand that will be announced at a later date. "The sale of the third part...

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