Finning International Inc Completes Acquisition of Bucyrus Distribution Business in Western Canada

Finning International Inc announced that it has completed its previously announced acquisition from Caterpillar of the former Bucyrus distribution and support business in its dealership territory across Western Canada. The total value of Finning's acquisition of the Bucyrus business is approximately USD465 million, subject to working capital adjustments, and is comprised of approximately USD306 million for Finning in South America and the U.K. and an estimated USD159 million for Finning Canada. The acquisition, which is being financed with debt, is expected to be accretive to earnings in 2012.