Caterpillar, the US-based construction equipment manufacturer, has finalised the acquisition of MWM Holding for $800m.
As a result of the deal, MWM will become part of Caterpillar’s Electric Power Division which supplies diesel and natural gas generator sets and integrated power systems.
The acquisition has been cleared by the European Commission and will enable Caterpillar to provide sustainable power generation solutions to customers.
The funds were managaged by international investor 3i.
MWM is a global supplier of sustainable, natural gas and alternative-fuel engines.