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.

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