Caterpillar Marine has announced the acquisition of Johan Walter Berg AB has successfully closed.
The merger deal between CAT and Berg was announced on July 1st, one that adds an entire marine propulsion business unit to the Caterpillar family including:
Controllable pitch propellors
Transverse thrusters
Azimuth thrusters
Aftermarket parts
Remote control systems
“As a result of the acquisition completion, all Berg Propulsion products will be rebranded as Caterpillar,” notes Caterpillar in an emailed statement.
“The strategic goal driving our business is to be able to provide Caterpillar Marine customers around the world with integrated propulsion systems that enable them to maximize the uptime of their vessels while minimizing operating costs,” said Nigel Parkinson, Caterpillar Marine managing director. “As a result of the successful Berg acquisition, our customers can rely on Caterpillar and the Cat dealer network to provide the total package: a complete propulsion system that is supported globally.”
By offering an integrated option for customers in the maritime or offshore sector, vice relying on a 3rd party vendor for the propulsion train, Caterpillar notes this will allow them to “optimize the propulsion system to maximize efficiency” while minimizing down time.
Denmark has rejected a Japanese request to extradite anti-whaling activist Paul Watson over criminal charges dating back more than a decade, a Danish lawyer representing Watson said on Tuesday.
A 37-year-old crew member was saved after spending three harrowing days adrift at sea following alleged abuse aboard a fishing vessel. Afif Efendy, a crew member of the fishing vessel...
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
December 10, 2024
Total Views: 1438
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
JOIN OUR CREW
Maritime and offshore news trusted by our 109,812 members delivered daily straight to your inbox.
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.