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

  • Hatz is launching a new compact diesel for 2014
    January 22, 2014
    Guy Woodford reports on the imminent global market launch of Hatz’s keenly-awaited new four-cylinder diesel engine – the 4H50TIC Due to be available to customers from January 2014, Hatz’s new water-cooled, four-cylinder 2litre 4H50TIC diesel engine is said to be partly the result of unprecedented financial sacrifices made by the German firm’s employees during the global economic crisis.
    Read More
  • Benninghoven’s modern masterpiece
    April 4, 2013
    In 2012 Benninghoven were commissioned by Kostmann, an Austria-based consortium of companies involved in the production and refinement of raw materials, to build an asphalt mixing plant that included a stone tower silo system. The plant - TBA-3000-U –was to be sited at Weitendorf, a location offering good access to the motorway, the Styria regional capital, Graz, and the Austria-Slovenia border. However, the close proximity of agricultural land and private residential areas called for an adherence to strict
    Read More
  • Prepare for ‘interoperability on steroids’
    May 19, 2023
    The gathering of Europe’s toll professionals offers a chance for views to be exchanged by senior people on a number of big issues: and there’s currently an awful lot to think about
    Read More
  • Make the case for electronic tolling, ASECAP conference delegates heard
    September 14, 2015
    Mobility pricing and electronic tolling is the future, delegates to a recent ASECAP Study Days conference, reports Geoff Hadwick at the Lisbon event. The international road tolling industry is failing to make its case and the sector is losing out to other social and political lobby groups. As a result, “tolling is still on the sidelines”, according to the head of the Washington-based International Bridge, Tunnel and Turnpike Association. IBTTA chief executive Pat Jones issued his stark warning at the
    Read More

Highlighted Content