Sale of MWM to Caterpillar approved by the European Commission

The transaction is then expected to be finished before the year ends.

According to a release, the European Commission has agreed to the sale of the long established company MWM to Caterpillar on October 19. 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.”