Caterpillar finalizes purchase of German engine company

Caterpillar Inc. (NYSE: CAT) finalized the euro 580 million ($800 million) acquisition of MWM Holding GmbH from 3i and funds managed by 3i.

MWM is a supplier of sustainable, natural gas and alternative fuel engines. The company will become part of Caterpillar’s Electric Power Division, which supplies diesel and natural gas generator sets and integrated power systems in the power generation, control and supply industry.

Willy Schumacher will assume responsibility for MWM as managing director, reporting to Bill Rohner. MWM will remain headquartered in Mannheim, Germany.

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

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...