Press Release: Mergers: Commission clears acquisition of Bucyrus by Caterpillar

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of US mining equipment manufacturer Bucyrus by Caterpillar, another US firm. Whilst the transaction will result in high combined market shares worldwide, the increase in market share accounted for by Bucyrus is relatively low. Furthermore, Caterpillar and Bucyrus are not generally viewed as each other's closest competitors and several other large players will remain on the market.