Posted: 11.16.2010

Caterpillar's $7.6 billion
acquisition of Bucyrus International seems to be
good news for southeastern Wisconsin.

Bucyrus President and CEO Tim Sullivan says Caterpillar has
agreed to locate its mining business headquarters in the Milwaukee
area. Bucyrus is based in South Milwaukee. It makes surface mining
equipment used for mining coal, copper, iron ore, oil sands and
other minerals.

Caterpillar of Peoria, Ill., says it's buying the company to
expand its mining business and take advantage of rapid growth in
emerging markets.

Wisconsin recently gave Bucyrus $20 million in state tax credits
to help it expand its operations. The company plans to use the
credits to consolidate and expand its operations in nearby Oak
Creek.

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