Finning International Inc. (TSX:FTT) announced Monday that it has been named as the dealer for Caterpillar Inc. (NYSE:CAT) in Ireland.
The heavy equipment distributor also paid $3.69 million for the assets of the Emerald Isle’s previous Caterpillar dealer.
The news follows Finning’s announcement last week that it had:
That news surprised some given that investors had reacted positively in May when Finning sold its money-losing U.K.-based equipment rental business to an affiliate of Sun European Partners LLP.
Finning sold its Hewden-branded U.K. equipment rental business for about $171 million.
Finning reports its 2010 second-quarter earnings August 12.