Industry Heavy equipment dealer Website www.westrac.com.au Revenue 2.68 billion USD (2015) | Owner Seven Group Holdings CEO Jarvas Croome (Apr 2014–) Founded 1988 | |
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Area served Western Australia
New South Wales
Australian Capital Territory
northern China Headquarters South Guildford, Perth, Australia Parent organization Seven Group Holdings Limited Subsidiaries National Hire Group, Westrac China Limited, Sitech WA Pty Ltd, Caterpillar Institute (WA) Pty Ltd | ||
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WesTrac is a Caterpillar dealer. It was owned by Australian Capital Equity, which in turn was owned by Kerry Stokes. In 2010 it and Seven West Media merged to form Seven Group Holdings.
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Headquarters
WesTrac is based in South Guildford, Western Australia, and is the Caterpillar dealer for Western Australia, New South Wales, Australian Capital Territory and northern China. Until 1989, the Caterpillar dealership in Western Australia was known as Wigmores, which was also bought by Australian Capital Equity in 1988 and renamed as WesTrac.
A new New South Wales Operational Headquarters in Tomago was opened in 2012.
Business
It supplies Caterpillar mining trucks to BHP, Rio Tinto and other numerous mining companies, as well as Caterpillar engines for power generation and marine transport.
History
Caterpillar began operating in Western Australia in 1925 with a dealership being opened at the South Guildford premises in 1950. Known as Wigmores the dealership was renames as Morgans in 1989 and then WesTrac in 1990.
The company had over 3,000 employees in 2009 and was the biggest employer of apprentices outside of government.
Since 2000, WesTrac has opened dealerships across China, and is one of the largest suppliers of Caterpillar products in the world.
In 2006, WesTrac closed its agricultural dealerships in Australia, resulting from a decision by Caterpillar to cease production of agricultural equipment. Customers of Westrac were concerned that their warranties would not be honoured.
On 22 February 2010, it was announced that WesTrac would merge with Seven West Media to form Seven Network Limited, which is 70% owned by Kerry Stokes. On 30 August 2012, WesTrac officially opened its multimillion-dollar branch at Tomago, which is known as the Newcastle branch. In November 2013, WesTrac announced they would cut 630 jobs due to the a downturn in earnings.