Caterpillar completes MWM acquisition
Caterpillar announced it has finalized the purchase of MWM Holding GmbH (MWM) from 3i and funds managed by 3i for Euro 580 million. This action fol?lows the European Commi?ssion?s recent clearance of the transaction.MWM is a leading global supplier of sustainable, natural gas and alternative fuel engines.The acquisition of MWM will enable Caterpillar to significantly expand custo?mer options for sustainable po?wer generation solutions.?The completion of the MWM acqui?sition represents the latest step in our strategic plan to aggre?ssively grow our energy and power systems business,? said Gerard Vittecoq, Caterpillar Group President with respo?nsibility for Energy and Power Systems.?More and more custo?mers want a gas option for their engines.By combining our strengths in diesel and gas power generation with the technology and product stre?ngth of MWM, we are well positioned to be a lead provider in gas engine solutions for our customers.? ?With the combination of the two companies? existing pro?duct ranges, Caterpillar is well positioned to meet our global customers? gas engine and po?wer system solutions needs. By joining MWM?s leading technology with Caterpillar?s pro?duct support, we are uniting two strong com?panies that ensure we continue to be the leading innovator in our industry and the first choice for our customers,? said Bill Rohner, Caterpillar Vice-President with responsibility for Electric Power.