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

  • Soil compaction innovations being introduced
    June 19, 2017
    Major developments in soil compaction are being introduced - Mike Woof writes. With manufacturers keen to meet new regulations and deliver greater performance to customers, an array of new soil compactors are now coming to market. One of the new developments from the Ammann Group is the unveiling of its ASC 110 Tier 3 soil compactor, which is powered by a Cummins QSG 4.5 diesel rated at 119kW and has a 2.13m-wide drum. This machine is designed to meet the needs of emergent markets where high quality fuels w
    Read More
  • New asphalt pavers deliver better surface quality
    February 13, 2012
    Progressive paving improvements are offering better surface quality
    Read More
  • Samoter-Asphaltica 2014 sparks greater Italian optimism
    July 3, 2014
    The recent co-located Samoter and Asphaltica exhibitions at VeronaFiere in Verona, Italy, have been hailed a success by organisers, exhibiting companies and trade delegations, after more than 40,000 visitors, including thousands from outside Italy, attended the combined 445 exhibitor company-strong four-day events. There is no doubt, as Guy Woodford reports, they provided a timely boost to an Italian construction equipment manufacturing sector enduring tough times
    Read More
  • Easy operating
    July 31, 2012
    Modern asphalt plants are a far cry from the early models, and are capable of producing a wide variety of mixes at the touch of a button. Patrick Smith reports Cutting-edge software-based control technology makes today's asphalt mixing plants simple and efficient to operate. The tightening of clean air regulations is reducing the emissions from the plants, and the current focus is on the goal of raising the processed portion of reclaimed asphalt (RA) towards 100%, says Ammann Group, which has been involved
    Read More

Highlighted Content