Caterpillar inc. (nyse:cat) cancelled the acquisition of small engine business of ihi agri-tech corporation.

Caterpillar inc. (nyse:cat) executed an agreement to acquire small engine business of ihi agri-tech corporation on september 27, 2018. in a related transaction, ihi agri-tech corporation sold equity shares in its engine joint ventures with caterpillar in england, the united states of america and china to caterpillar. following the completion of the transaction, the manufacture, sale and after-service of shibaura engines will be taken over by a new-formed subsidiary of caterpillar – perkins japan llc. following the close of the transaction, ihi agri-tech corporation will focus on agricultural machinery and turf-care products. the transaction is expected to complete at the end of december 2018. caterpillar inc. (nyse:cat) cancelled the acquisition of small engine business of ihi agri-tech corporation on september 27, 2019.
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