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

  • Mixing recycled and fresh asphalt reduces costs
    February 14, 2012
    An innovative asphalt plant is allowing the use of recycled materials and achieving major cost benefits - Mike Woof reports. UK construction firm FM Conway is seeing the benefit of the €11.5 million (£10 million) it has invested in its asphalt production facilities at Erith in Kent, close to UK capital London, since buying the site in 2005. The biggest single investment in the facility has been a new Benninghoven asphalt plant, which was commissioned in June 2010 and is now the core of the Erith operation.
    Read More
  • Highways: environmental problem or environmental enhancement?
    March 21, 2016
    Highways need not be a blight on the countryside that many people, urban planners included, believe they will always be. By Bram Miller, director, and Martin Broderick, environmental consultant, at Ramboll Environ While the world’s highway networks bring undoubted economic and social benefits, they are generally perceived to lead to negative environmental impacts. Some may consider this an unfair reputation, but it is difficult to argue that in the majority of cases both the construction and operation of
    Read More
  • Improved excavators and wheeled loaders coming to market
    October 2, 2014
    Manufacturers of excavators and wheeled loaders continue to roll out new models aimed at specific markets - Mike Woof writes With tough emissions controls now in place in Europe and North America, manufacturers have developed an array of advanced solutions to meet requirements, while also developing parallel models for sale in other territories. In the earthmoving sector the latest round of requirements in Europe and North America has resulted in a flurry of new, low emission models equipped with Tier 4
    Read More
  • Fayat finalises Dynapac deal and closes acquisition
    October 5, 2017
    Fayat has now completed its acquisition of Dynapac. French firm Fayat has acquired the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers. These products are known under the Dynapac trade name. The agreement includes sales and services operations in 37 countries, production units in four countries: Sweden, Germany, Brazil and China and a production partnership in India.
    Read More

Highlighted Content