Caterpillar plans to buy Shin Caterpillar Mitsubishi Ltd. reports on Caterpillar’s plan to buy most of Shin Caterpillar Mitsubishi Ltd. Mitsubishi would still own shares under the plan, with Caterpillar owning the majority of the company.

The purchase of Shin Caterpillar Mitsubishi is part of Caterpillar’s long-term strategy in the Asia Pacific region.

The history of Caterpillar’s business in Asia goes all the way back to 1963, and one of the first joint ventures in Japan to include partial U.S. ownership, when Caterpillar and Mitsubishi Heavy Industries Ltd. formed Caterpillar Mitsubishi Ltd.

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