Caterpllar Dealer Finning to Buy Rival for $192 Million

Finning International Inc., the largest dealer of Caterpillar Inc. heaving machinery, agreed to acquire a Canadian competitor for about C$230 million ($192 million), extending its reach into Saskatchewan.

Vancouver-based Finning said Wednesday in a statement it will buy Kramer Ltd. following the retirement of the Kramer family from the equipment-dealership business.

Link to Statement:Link

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