Tractors India acquires part of Caterpillar mining distribution business

Tractors India Pvt. Ltd. (TIPL), a wholly-owned subsidiary of TIL Ltd., announced that it has acquired from Caterpillar Global Mining LLC, the expanded Cat mining equipment distribution and support business for its territories.
TIPL is the authorised Cat dealer in the North and East regions of India. TIPL and its wide network will serve as the distribution source for a full spectrum of surface and underground mining products – providing a ‘one stop shop’ for mining customers.
TIPL will now be responsible for the complete Caterpillar mining product line, including former Bucyrus-branded surface and underground machines such as hydraulic mining shovels, both diesel and electric, draglines, high-wall miners, long-wall and room and pillar underground products.
Sumit Mazumder, Executive Chairman of TIPL, says, “This milestone has brought in a good strategic fit, which is expected to accelerate TIPL’s aftermarket parts and services growth and establish a leadership in mining products and solutions. This acquisition adds new revenue opportunities and robust, long-term growth potential for TIPL and its employees.”

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