With the acquisition of the expanded Cat« mining support business, TIPL will now be responsible for the complete Caterpillar mining product line, including the former Bucyrus-branded surface and underground machines for customers in northern and eastern India.
Tractors India Pvt Ltd (TIPL) a wholly-owned subsidiary of TIL, recently acquired from Caterpillar Global Mining LLC, the expanded Cat mining equipment distribution and support business for its territories. 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, highwall miners, longwall and room and pillar underground products. Sumit Mazumder, Executive Chairman, TIPL says, ´With this agreement, TIPL will deliver a more enhanced value to its customers with integrated solutions, after sales support, fast and efficient parts fulfillment and more. 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.´
According to Ramesh Tipirneni, Caterpillar Global Mining Regional Manager for India, Cat dealers have a proven track record to help customers realise the highest productivity and lowest owning and operating costs, and many mining customers have appreciated the important role of dealers to their success. Ramesh says, ´TIPL and Caterpillar has shared a longstanding relationship for close to 70 years, and we look forward to realising the growth opportunities created by this agreement. Our goal is for our customers to operate safely, sustainably, productively and profitably. Caterpillar promises to be the valued partner to our customers, providing the machines and technologies that help them achieve long-term success, developing comprehensive solutions, delivering the world´s best parts, technical, sales and service support.´
Mazumder says, ´TIPL has always remained a value driven organisation and shares the same commitment as Caterpillar to be the champions for our customers´ enduring success. TIPL is ready with the broadest product portfolio in surface and underground mining and has a committed team in place.´
Caterpillar has announced similar transactions with other dealers over the last several months. Caterpillar continues to hold discussions with other Cat dealers that have mining activity in their territories and will continue to operate the former Bucyrus distribution business until the transitions have occurred in a given territory.
Executiver Chairman, TIPL
´TIPL will deliver more enhanced value to its customers with integrated solutions, after sales support, fast and efficient parts fulfillment and much more.´