Caterpillar To Acquire Berg Propulsion
Expands company’s options for advanced marine power solutions
Caterpillar Inc. has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.
With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems.
Berg will become part of the Caterpillar Marine and Petroleum Power Division, which supplies diesel and natural gas engines for the generation, control and supply of mechanical and electric power for the marine and petroleum industries.
Berg’s thrusters, propellers and control systems will be rebranded as Caterpillar soon after the close of the deal, which is expected in the third quarter 2013, pending final regulatory approvals.
Headquartered in Öckerö Islands, Sweden, Berg has designed and manufactured heavy-duty marine thrusters and controllable pitch propellers since 1929. The company said its proprietary systems are employed in maritime applications throughout the world.