The Caterpillar History Begins with
Tractor Company was first formed in 1925 as a result of a merging two companies
the Holt Manufacturing Company and C. L. Best tractor Company. In the early
90's, looking for a way to improve traction and mobility of his company's steam
tractors, Benjamin Holt replaced the wheels with wooden tracks bolted to
chains. This innovation worked so well that one person said he was remarked
that the machine crawled along much like a caterpillar, thus the name
Caterpillar a name Holt eventually trademarked in 1910. In 1986 Caterpillar
officially changed the company name to Caterpillar, Inc.
The Early Caterpillar History is
Filled with Achievement
While Benjamin Holt was instrumental in the
development of the industrial tractor well before the official launch of
Caterpillar, a series of accomplishments continued to happen after the creation
of the new company in 1925. In the 1930's Caterpillar machines did an important
role in the construction of the golden gate bridge and the Grand Coulee Dam.
Caterpillar also had a role in supporting US military in WW2 and the company
was able to ramp up its stateside production to manufacture more than 51,000
track-type military tractors.
International Expansion in the 1950s
Caterpillar history includes expansion into
foreign markets following the war. In 1950's CAT machines have assisted in
building a 10/5 mile superhighway that greatly facilitated transportation
trough the Andes Mountains in Venezuela. CAT machines we're used in the sites
for 1956 Melbourne Olympics, CAT even supplied equipment for use in the most
environmentally challenging locations in the world such as Antarctica.
Continued Growth through Acquisition
As CAT improved and increased its manufacturing
efforts over the years, CAT history is highlighted by a process of growth. In
1956 CAT expanded its forklift line through the acquisition of the Mentor,
Ohio-based Tow Motor Corporation. In 1981 CAT made a foray into the world of
gas turbines by buying the solar and turbo Mach division of International
Harvester Company. Significant international acquisitions include Perkins
Limited, a UK manufacturer of small diesel engines in 1998, and MWM Holding
GmbH, and German producer of gas and diesel powered generators sets in 2010.
A Thriving Partnership with an Eye on
Caterpillar keeps leading as the number one manufacturer of heavy industrial
equipment in the world. Always looking ways to increase its footprint and
provide more services to its customer base, the company has also joined into
new arenas, such as sale of financial products and insurance.