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In 1998 Caterpillar Inc bought Perkins from LucasVarity for US$1.325 billion, creating what they claimed was the world's largest diesel engine manufacturer. Perkins now had manufacturing facilities in the United Kingdom, United States, Brazil, China, India, and a joint venture with Ishikawajima-Shibaura-Machinery company in Japan.
Caterpillar machinery is used in the construction, road-building, mining, forestry, energy, transportation, and material-handling industries. Caterpillar is the world's largest manufacturer of wheel loaders. The small size wheel loaders (SWL) are designed and manufactured at facilities in Clayton, North Carolina.
Monark Equipment Corporation is a family-owned Filipino corporation, and is a dealer and importer of heavy equipment and generator sets.It is the exclusive authorized dealer of Caterpillar products in the Philippines and prominently features the Caterpillar logo and the Caterpillar Yellow livery as part of its company logo.
The older son Lance moved to Tampa and founded the Ringhaver Equipment Company, the Caterpillar dealer for Central Florida. On January 1, 2004 Lance announced his retirement, and Ringhaver Equipment Company and Ring Power Corporation merged. [6] [2] As the business grew, product lines expanded and more divisions were added.
The marine diesel engines division became Caterpillar Motoren GmbH & Co. KG in 1997 and is now a 100% subsidiary of Caterpillar Inc. [4] The engines still carry the MaK logo. [5] One example of the success of this organisation is the use of four engines of the type MaK 9 M 43 C in the cruise ship AIDAdiva .
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