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 … [Read more...]
Caterpillar to Acquire Berg Propulsion
Caterpillar Inc. (NYSE: CAT) has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine … [Read more...]