Caterpillar Inc and Navistar International Corp said on Thursday they closed a transaction creating a joint venture to produce commercial trucks for Asia, Africa and South America.

The NC2 Global venture, which results from a deal the two U.S. companies announced in June 2008, will make and sell trucks for Australia, Brazil, China, Russia, South Africa and Turkey. The trucks will be sold under the Cat and International brand names. (Reporting by Scott Malone, editing by Gerald E. McCormick)