GMMCO to purchase part of the Expanded Cat Mining Distribution Business from Caterpillar
GMMCO, Chennai, India, and Caterpillar today announced that GMMCO has acquired from Caterpillar Global Mining LLC the expanded Cat mining product line distribution and support business for its territories. GMMCO is the authorized Caterpillar dealer in West, Central and Southern India.
"As one of the major mining equipment players in India, we at GMMCO are delighted to take over the expanded mining product business," said Mr. H Jayaram, MD and CEO of GMMCO. "Our long experience and capability developed in the mining equipment business coupled with the expanded range of mining products from Caterpillar will help us offer complete solutions to all the mining customers in our territory, and we are confident of making GMMCO-Caterpillar 'Numero-uno' in mining in India. This is yet another milestone with the GMMCO-Caterpillar relationship, which will make it stronger and vibrant."
"We are confident that the experts at GMMCO will continue to be the partner that Caterpillar mining customers both above and below ground want to work with - now more than ever with the expanded line of mining equipment," said Steve Wunning, Caterpillar group president with responsibility for Resource Industries. "GMMCO and our other Caterpillar dealers know more about helping customers get the most from Cat products than anyone else."
GMMCO joins other Cat dealers around the world who are selling, servicing and providing world-class support for the expanded Cat mining product line, which includes Draglines, Unit Rig mining trucks, Room & Pillar and Longwall equipment, Electric Rope and Hydraulic Shovels, Highwall Miners, Drills, Belt Systems and various lines of other equipment.
Caterpillar has announced similar transactions with other dealers over the last several months. Caterpillar continues to hold discussions with other Cat dealers that have mining activity in their territories and will continue to operate the former Bucyrus distribution business until the transitions have occurred in a given territory.
Established in 1967, Gmmco currently handles a business volume of about $ 400 Million and has been engaged in the sale and support of construction and mining equipment as well as engine power systems for over four decades. Over 27 years of association with Caterpillar, the world leader in machines and engines, Gmmco is well placed to take full advantage of the construction, mining and infrastructural boom expected in India, and become the market leader. Gmmco Limited is a part of the CK Birla Group which has a legacy that dates back to the 19th Century. Under the able chairmanship of Mr CK Birla, the CK Birla Group today is a diversified industrial conglomerate with diverse interests - in several business sectors, spanning 5 continents, with group revenues of US $1.6 Billion, and over 20,000 Employees. More information is available at: http://www.gmmco.in