A PYMNTS Company

US: CAT, Komatsu, Volvo slapped with antitrust suit

By  |  February 2, 2015

International Construction Products (ICP) has filed an antitrust lawsuit against Caterpillar, Komatsu and Volvo, accusing them of collusion and unfair competition by excluding ICP from the US market by “effectively dismantling its primary distribution channel: online sales,”.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Specifically, the suit alleges the three manufacturers threatened to boycott online equipment marketplace IronPlanet, a key partnership in ICP’s plan to sell new equipment directly to customers at prices up to 40 percent below those of Cat, Komatsu and Volvo.

    ICP is seeking both compensatory and punitive monetary damages as well as a court order to unwind the IronPlanet/Cat Auction Services merger.

     

    Full Content: Aggregates Manager

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.