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Caterpillar & Ariel Corporation Create a Joint Venture

Source: Reuters 12/5/2012, Location: North America

Caterpillar Inc and Ariel Corporation announced the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry. The combined venture, Black Horse LLC, also announced the acquisition of pump manufacturer ProSource of Houston, Texas.

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