PEORIA, Illinois (
agreed to acquire
, a German engine manufacturer, for €580 million ($807.2 million).
Caterpillar acquired MWM from private-equity group 3i.
The acquisition, Caterpillar said Friday in a press release, will "significantly expand customer options for sustainable power generation solutions."
MWM, which stands for Motoren-Werke Mannheim, develops combustion engines for natural gas, special gases and diesel.
Caterpillar said the acquisition will close in the coming months, pending regulatory approvals.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here:
>To submit a news tip, send an email to: