Caterpillar 2011 Annual Report Download - page 17

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Resource Industries 17
WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW
Chairman’s
Message
Construction
Industries
Customer &
Dealer Support
Financial Products &
Corporate Services
The Caterpillar
Foundation Leadership Performance
Resource
Industries
Energy &
Power Systems
When regulatory clearance for Caterpillar’s acquisition of
Bucyrus came through on July 8, 2011, months of planning fell
swiftly into place. The transaction closed later the same day and
by “Day One,” July 11, these two leading suppliers to the global
mining industry became one company.
The idea of one customer face, one team, one distribution model
and one brand was the guiding philosophy driving the integration.
On Day One, approximately 10,000 Bucyrus employees became
part of Caterpillar Global Mining, led by a team that includes
both Caterpillar and former Bucyrus management.
“This acquisition brought together the two best teams in the
mining industry,” said Luis de Leon, corporate vice president
and president of Caterpillar Global Mining Products. “The
results are already showing through the successes we are
achieving in product design and implementation.”
With the acquisition of Bucyrus, Caterpillar Global Mining now
offers an unparalleled range of equipment and services to the
mining industry. In addition to providing customers with a “one-
stop-shopping” option, working with Caterpillar as a strategic
supplier with a comprehensive product line enables customers
to reduce supply chain complexity. It also improves jobsite
safety, a major issue for miners, by reducing the number of
support people and vehicles on site.
The breadth and depth of mining products today reflects how
highly complementary the Caterpillar and Bucyrus product lines
were to each other, with only very limited overlap. A number of
synergies are being implemented, such as Cat components
being added to legacy Bucyrus machines. For example, just six
months after Bucyrus was acquired, a Bucyrus AC truck with a
Cat engine was delivered to a work site.
“The teams have definitely exceeded our expectations with the
speed at which we got this done, which has also enabled us
to increase our production,” explains David Rea, manager of
Caterpillar Mining Truck & Business Integration. “It really
reflects how well we were able to combine the experience of
both teams and their product strengths.”
The same could be said of the entire Bucyrus product integration,
and bodes well for the future of Caterpillar Global Mining.
From
Day One
Caterpillar Global Mining unveils
broadest product line in industry