GRAND RAPIDS, Minn. (Sept. 29) — ASV Inc. has signed a five-year agreement effective Nov. 1 with construction equipment giant Caterpillar Inc. for the supply of its rubber track undercarriages.
The new supply agreement builds on the two companies´ original alliance, which expires Oct. 31.
Under the terms of the pact, Caterpillar will purchase from ASV 100 percent of its undercarriage requirements for current and specified future Caterpillar multi-terrain loaders. ASV will be able to sell its rubber track undercarriages to other equipment manufacturers for machines that do not compete with Caterpillar´s MTLs.
ASV also will continue to use Caterpillar components in the manufacture of its products.