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.

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