Caterpillar reaffirms its preference for privately owned, local dealerships
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. Localization 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 localization and private ownership strategy.
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