Caterpillar Finalizes Purchase Of MWM
Caterpillar Inc. has finalized the purchase of MWM Holding GmbH (MWM) from 3i and funds managed by 3i for US$800 million. This action follows the European Commission’s recent clearance of the transaction. MWM is a global supplier of sustainable, natural gas and alternative-fuel engines.
The acquisition of MWM will enable Caterpillar to expand customer options for sustainable power generation offerings. MWM will become part of Caterpillar’s Electric Power Division, which supplies diesel and natural gas generator sets and integrated power systems involved in the generation, control and supply of electricity.
Peter Grosch has elected to step down as chairman of MWM, and will continue to support Caterpillar as integration advisor. Willy Schumacher will assume responsibility for MWM as managing director, reporting to Bill Rohner. MWM will remain headquartered in Mannheim, Germany.
For more information: www.caterpillar.com