PEORIA, Ill.-- Caterpillar's acquisition of European natural gas and alternative fuel supplier MWM Holding GmbH has been finalized.
This action follows the clearance from the European Commission announced in mid-October. And according to Caterpillar Group President Gerard Vittecoq, the completed acquisition is just the latest step in a strategic plan to expand customer options for sustainable power solutions.
"More and more, customers want a gas option for their engines. By combining our strengths in diesel and gas power generation with the technology and product strength of MWM, we are well positioned to be a lead provider in gas engine solutions for our customers," said Vittecoq, who is a group president with responsibility in Energy and Power Systems.
Bill Rohner, Caterpillar vice president with responsibility for Electric Power calls the union of the two companies a "natural fit", saying the combination of existing product ranges puts Caterpillar in a competitive global position.
"By joining MWM's leading technology with Caterpillar's product support, we are united two strong companies that ensure we continue to be the leading innovator in our industry and the first choice for our customers," said Rohner.
More information on the acquisition of MWM, please visit http://www.caterpillar.com.