Company Overview Visit cat.com website
The Caterpillar Company is a manufacturer of construction and mining equipment, diesel engines, industrial gas turbines, and locomotives. The company has existed since 1925. It was founded in California by Daniel Best after the purchase of the Holt Manufacturing Company. Holt had started out producing farm tractors, but eventually branched out into other areas including steam powered cars and steam powered trucks.
Today they have manufacturing plants in three different continents with their primary headquarters being located in Illinois. They are currently traded publicly on the NYSE under ticker symbol CAT. They have also been listed on the Fortune Global 500 for many years now due to their extremely high revenue levels reaching 21 billion dollars annually at one point . This position however couldn't prevent them from filing for bankruptcy protection in 2015. The company's assets however were purchased by a larger competitor named Komatsu for 8 billion dollars.