Amyris receives approval for US$12.5M from Brazilian Development Bank for first of its Brazilian production facilities
Aisin Drivetrain to manufacture six-speed automatic for light- and medium-duty commercial trucks

Caterpillar finalizes acquisition of MWM for €580M; expansion of alt-fuel power generation solutions

Caterpillar Inc. has finalized the purchase of MWM Holding GmbH (MWM), formerly Deutz Power Systems, a leading global supplier of natural gas and alternative-fuel engines, from 3i and funds managed by 3i for €580 million (US$790 million). This action follows the European Commission’s recent clearance of the transaction

The acquisition of MWM will enable Caterpillar to significantly expand customer options for power generation solutions.

The completion of the MWM acquisition represents the latest step in our strategic plan to aggressively grow our energy and power systems business. More and more customers want a gas option for their engines. By combining our strengths in diesel and gas power generation with the technology and product strength of MWM, we are well positioned to be a lead provider in gas engine solutions for our customers.

—Gerard Vittecoq, Caterpillar group president with responsibility for Energy and Power Systems

MWM will become part of Caterpillar’s Electric Power Division, which supplies diesel and natural gas generator sets and integrated power systems involved in the generation, control and supply of electricity.

MWM will remain headquartered in Mannheim, Germany.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)