Caterpillar acquire MWM
US firm completes acquisition of German supplier of sustainable, natural gas and alternative-fuel engines
CATERPILLAR have acquired MWM Holding GmbH from 3i and funds managed by 3i for US$800 million (€580 million), following transaction clearance by the European Commission.
MWM will become part of Caterpillar’s Electric Power Division, which supplies diesel/natural gas generator sets and integrated power systems, allowing Cat to offer more options for customers in terms of sustainable 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,’ said Gerard Vittecoq, Caterpillar group president with responsibility for energy and power systems.
‘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 innovation of MWM, we are well positioned to be a leading provider in gas engine solutions for our customers.’
Willy Schumacher will assume responsibility for MWM as managing director, reporting to Bill Rohner, Caterpillar vice-president with responsibility for electric power. MWM will remain headquartered in Mannheim, Germany.
