Oct 2026 Financial News

Massy Holdings Ltd. - Sale of Caterpillar Line of Business

Oct 01, 2026

MASSY HOLDINGS LTD.
SALE OF CATERPILLAR LINE OF BUSINESS

The Company wishes to advise that on September 29, 2026 Massy Machinery Ltd. ("MML"), through which the CATERPILLAR ("CAT") Line of Business operates in Trinidad and Tobago, entered into an Asset Purchase Agreement with Machinery Corporation Motors Limited ("MACORP") a locally registered subsidiary of Machinery of America, Inc. for the sale of certain assets and related business interests associated with the CAT Line of Business. Completion of the transaction remains subject to the requisite regulatory approvals.

MACORP's regional scale, established CAT operations and specialist capabilities provide a stronger strategic fir for Massy's Trinidad CAT business, positioning it within a larger, dedicated regional CAT platform, subject to completion of the transaction. The transaction will allow Massy's strategy to redeploy capital towards the Group's longer-term strategic priorities. The consideration is US$16 million. The total loss on sale is expected to be approximately US$9.8 million, a significant portion of which relates to employee severance.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 1 October 2026