Aug 28 (Reuters) - Canada's Toromont Industries Ltd TIH.TO said on Monday it would buy Hewitt Group, a dealer of Caterpillar Inc (NYSE:CAT) CAT.N heavy equipment, for about C$1.02 billion in cash and shares.
Toromont will pay Hewitt C$917.7 million in cash and 2.25 million Toromont shares, the company said on Monday.