Caterpillar has taken note of the outcome of Barloworld's extraordinary general meeting held on February 26, 2025, triggering a Standby Offer from the Consortium.
Caterpillar reaffirms its support for this transaction; aligning with its preference for privately-owned, local dealerships.
It is our firm belief that locally-owned dealerships are best positioned to serve customers, drive sales and service growth, and tailor investments to regional requirements. Localisation enables a deeper understanding of customer needs, effective operation within regional frameworks, and the development of skilled local employees.
Private ownership structures foster long-term decision-making and investment strategies. This structure, which is pursued with the Standby Offer, aligns with Caterpillar's Africa localisation and private ownership strategy.