European Commission approves Caterpillar acquisition of MWMMannheim, October 19, 2011
On Wednesday, 19th of October 2011 the European Commission has agreed to the sale of the long established company MWM to Caterpillar. Please find the statement of the MWM Holding as follows:
"Today, the European Commission has approved the sale of MWM from 3i to Caterpillar. MWM welcomes this approval, as its integration into the Caterpillar family is a very positive step for the company"s future development, its employees, clients, distributors and business partners. The product portfolios of both companies complement one another very well without any substantial overlaps. We strongly believe that the next step in the company"s development will lead to more customer options for sustainable power generation solutions. Following the clearance by the European Commission - as the last major regulatory requirement - the transaction is expected to be closed before the end of this year."
The long-established company MWM in Mannheim, Germany, is one of the world's leading system providers of highly efficient and eco-friendly complete plants for decentralized power supply with gas and diesel engines. For 140 years, the company has stood for the reliable, uninterrupted provision of electricity, heat, and cooling at all times and at any location. MWM has 1,250 employees around the globe.
Frank Fuhrmann - Head of Communication & PR
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