Construction and mining equipment maker Caterpillar has completed a €580 million ($800 million) deal to buy German engine supplier MWM from private equity and venture capital 3i Group.
The move comes after the European Commission gave the green light for the deal last month after seeing no need to block it on competition grounds.
MWM supplies sustainable, natural gas and alternative-fuel engines. It also makes reciprocating engine generator sets used for decentralised electricity production. Caterpillar says the acquisition of MWM will enable it to expand customer options for sustainable power generation solutions.
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