SVW Seven Group Holdings Limited

Seven Group Holdings Ltd. (SVW.AU) said Thursday that its WesTrac heavy machinery unit has agreed to buy the Bucyrus distribution and support businesses from Caterpillar Inc. (CAT) in several parts of Australia for about US$400 million.

WesTrac will acquire the Bucyrus units in Western Australia and New South Wales states and in the Australian Capital Territory in a deal to be funded via a new five-year debt facility.

Discussions are continuing with Caterpillar in relation to the Bucyrus distribution and support businesses in the WesTrac dealership territories in China, Seven Group said.

It said WesTrac estimates annual revenues for the Bucyrus business to be A$600 million to A$650 million for the 2013 financial year.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

Seven (ASX:SVW)
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Seven (ASX:SVW)
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から 6 2023 まで 6 2024