Caterpillar Inc. (NYSE:CAT) will look for M&A. Andrew R. Bonfield, Chief Financial Officer said during the conference call, ?I think, as most investors would tell me, that Cat's track record in mergers and acquisitions probably is not the best. And I think that has been something we do obviously -- we will always be opportunistic on an M&A perspective. We'll always look out there.

The SPM acquisition was a great case in point where we took a business which we saw opportunity for us, particularly on the oil and gas side, on pumps and valves. And that helped us to drive a better offering to customers on the frac trailer. Obviously, that was one where we saw the opportunity and we will do it?.