Caterpillar boosting power generation division

The European Commission has given its approval for Caterpillar's acquisition of MWM Holding from 3i and funds managed by 3i. This deal will boost Caterpillar's power generation offering as MWM is a leading global supplier of sustainable, natural gas and alternative-fuel engines. "We are pleased with this decision from the EC," said Caterpillar chairman and CEO Doug Oberhelman.
May 4, 2012 Read time: 2 mins
The European Commission has given its approval for 178 Caterpillar's acquisition of MWM Holding from 3i and funds managed by 3i. This deal will boost Caterpillar’s power generation offering as MWM is a leading global supplier of sustainable, natural gas and alternative-fuel engines. “We are pleased with this decision from the EC,” said Caterpillar chairman and CEO Doug Oberhelman. “The MWM business is a natural complement to our longstanding diesel and gas powered generation business, and the integration of MWM will result in important synergies leveraging the two companies’ existing product ranges, advanced engine technologies, research and development resources, manufacturing, distribution and customer support capabilities,” Oberhelman added. The EC clearance is the final regulatory requirement needed for the acquisition to be completed, and the transaction is expected to close before year end. The transaction is valued at €580 million (approximately US$800 million) and will be paid in cash. MWM will become part of Caterpillar’s Electric Power Division, which supplies natural gas and diesel generator sets and integrated power systems involved in the generation, control and supply of electricity.
Earthmoving & soil compaction

For more information on companies in this article

Related Content

  • Metso and CDE strike partnership for India
    May 14, 2018
    Metso and CDE are setting up a partnership that will see the two firms offering a comprehensive range of solutions for the manufactured sand market in India. The deal has been agreed between Metso (India) and CDE Asia Limited and takes the form of marketing cooperation in order to provide comprehensive manufactured sand solutions to customers in India. Metso's scope covers the crushing and screening technology, and CDE Asia will provide the wet classification equipment required in the manufactured sand
    Read More
  • ADT market developments
    May 25, 2016
    The market for ADTs has developed considerably in the last 20 years while the number of manufacturers active in this segment has also grown Volvo CE was a pioneer of the ADT; the first firm to mass manufacture an articulating, tipper truck with all-wheel-drive in the 1960s, although it is not correct to say that the firm actually invented the ADT as some may claim. Performance has increased considerably in the ADT sector in recent years, with many trucks now featuring low maintenance, oil-immersed d
    Read More
  • Asphalt plants use recycled asphalt, reduce costs
    February 29, 2012
    Cesan, the Turkey-based supplier of asphalt plants and related products, says it is following a customer-oriented development strategy and anticipating their needs. "By providing customers with quality, delivery, installation, instruction and after-sale services, we are setting high standards and applying advanced technology developing our business," says Çesan. Looking to the environment, Çesan says it produces and manufactures dust collector systems under licence from B.M.D. GARANT.
    Read More
  • Case lightens French traffic
    February 18, 2013
    Two new Case CX series excavators played a leading role in a major €1.5 million project to improve traffic flow at the Terres Saint Jean business and shopping park in Épinal, eastern France. Purchased by French firm Peduzzi TP, the CX250C and a CX350C machines are helping to renew the infrastructure, improve traffic flow and safety at the junction with the RN 57. The Épinal town council commissioned works, which began in March 2012, included the construction of an underground passage under the RN 57 linking
    Read More

Highlighted Content