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

  • Major improvements for wheeled loaders and excavators
    April 24, 2013
    Excavators and wheeled loaders benefit from new engine technology - Mike Woof reports. Competition is tough in the market for crawler excavators and wheeled loaders. These production machines account for a significant percentage of the entire construction equipment market worldwide and the segment also has the widest array of competing manufacturers. In the past, European, Japanese and US manufacturers dominated this sector but in the last 20 years South Korean companies have built significant market shares
    Read More
  • Innovative earthmovers coming to market
    October 12, 2017
    A wide range of innovative earthmover solutions is now coming to market - Mike Woof writes Generally with major construction equipment exhibitions timed for the second quarter of each year, this is when manufacturers will roll out their latest earthmoving solutions. However 2017 has turned out to be something of an anomaly, with the major firms continuing to unveil new models. Firms have introduced new wheeled loaders, excavators, and dozers, although arguably, some of the most interesting developments
    Read More
  • Advancing asphalt paving technology
    April 5, 2016
    Asphalt paver manufacturers are meeting demands for high performance machines that can deliver a quality mat - Mike Woof reports Major manufacturers are rolling out ranges of new asphalt pavers designed to meet the latest emissions regulations for Europe, as well as developing models to suit customers in developing nations. The firms have designed many of the latest machines to meet tough new emissions legislation, although versions will also be available for less regulated markets also. Ammann has up
    Read More
  • Zoomlion growing worldwide, particularly in lifting and concrete machine operations
    November 12, 2014
    Zoomlion is confident of future growth in its share of the world market for construction machines - Mike Woof writes Chinese manufacturers now lead the world in both lifting and concrete delivery systems, with Zoomlion featuring a particularly high profile. As one of the biggest manufacturers of construction equipment in China, Changsha-based Zoomlion is now a leading player worldwide in truck cranes, crawler cranes and tower cranes in particular. The firm recently raised its profile by combining its mobil
    Read More

Highlighted Content