Caterpillar Inc provides equipment and machinery for customers engaged in mining, manufacturing, and construction.
It manufactures mining and construction products, such as excavators, tractors, loaders, as well as equipment and machinery for forestry, paving, and tunnelling.
Caterpillar Inc also develops and manufactures gas turbines used in industries, diesel and natural gas-based engines, and engines used in electric automotive.
The manufacturing firm operates in multiple sectors through various subsidiaries, including construction industries, resource industries, energy and transportation, financial products, and others.
The segment provides necessary support to the consumers with building construction applications and the use of machinery in the infrastructure sector.
Resource Industries Segment
This segment provides machinery to the customers for mining and quarrying as well as provides solutions for business strategy. In addition, it claims to have expertise in designing, developing, and manufacturing of equipment and its management, sales, etc.
This unit primarily provides support to the customers in the mining and quarrying sector.
Energy and Transportation Segment
The firm caters to customers engaged in oil and gas, rail, marine, power generation and other industries and provides various applications, including Caterpillar machines.
Financial Services segment
The company provides various finance solutions to customers and dealers related to machinery and equipment, including marine vessels and solar gas turbines, etc.
The company’s business strategy, development, and production of filters, tires, rims, engaging tools and fluid transfer is clubbed under the other segment.
The present company was formed as a result of merger between Holt Manufacturing Company and C.L. Best Gas Traction Company in 1925.
The Illinois-based company is listed on the New York Stock Exchange with the ‘CAT’ trading symbol.
In addition, the machinery provider is included in various market indexes, DJIA, and is among 500 large-cap companies by S&P.
In 2021, it was among Forbes Global 2000 list, while in 2020, it was recognized among the World's Most Valuable Brands list.