Caterpillar buys natural gas-fired engine manufacturer for $800mn

Caterpillar Inc. (NYSE: CAT) said it has received notification that the European Commission (EC) has approved Caterpillar's acquisition of MWM Holding GmbH (MWM) from 3i and funds managed by 3i.

Following the acquisition of MWM, a global supplier of natural gas and alternative-fuel engines, Caterpillar said it will significantly expand customer options for sustainable power generation solutions.

The EC clearance is the last major regulatory requirement needed for the acquisition to be completed, and the transaction is expected to close before year end.  The transaction is valued at approximately 580 million euros ($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.

Read more mergers and acquisitions news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...