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| Caterpillar to buy 3i-backed MWM Caterpillar Inc. has signed an agreement to acquire MWM Holding GmbH from 3i and funds managed by 3i. Headquartered in Mannheim, Germany, MWM is a leading global supplier of highly sustainable alternative engines. With the acquisition of MWM, Caterpillar will significantly expand customer options for sustainable power generation solutions. The total transaction value amounts to €580 million (approximately $810 million) and will be paid in cash. MWM, which stands for Motoren-Werke Mannheim, can draw on more than 135 years of experience in the development and optimization of combustion engines for natural gas, special gases and diesel. MWM will become part of Caterpillar's Electric Power Division (EPD), which supplies natural gas and diesel generator sets and integrated power systems involved in the generation, control and supply of electricity. EPD operates in more than 50 locations around the world. write your comments about the article :: © 2010 Construction News :: home page |