PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Caterpillar, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Caterpillar to Acquire Berg Propulsion, Significantly Expanding Customer Options for Advanced Marine Power Solutions - Caterpillar, Inc. 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 - Caterpillar
Caterpillar to Acquire Berg Propulsion, Significantly Expanding Customer Options for Advanced Marine Power Solutions

 

NewswireToday - /newswire/ - Peoria, IL, United States, 2013/07/01 - Caterpillar, Inc. 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 - Caterpillar. NYSE: CAT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems.

Headquartered in Öckerö Islands, Sweden, Berg has designed and manufactured heavy-duty marine thrusters and controllable pitch propellers since 1929. Its proprietary systems are employed in maritime applications throughout the world that require precise maneuvering and positioning.

“Berg is one of the most highly regarded brands in the marine industry,” said Tom Frake, Caterpillar vice president with responsibility for the Marine and Petroleum Power Division. “Our team will now be able to provide worldwide Caterpillar support to marine operators for a complete, optimized propulsion package, including bow thrusters, gear boxes and shaft
alternators. In addition, Berg’s expertise, focus on maximizing customers’ uptime and minimizing operation cost aligns well with Caterpillar’s value proposition.”

Berg will become part of the Caterpillar Marine and Petroleum Power Division, which supplies diesel and natural gas engines for the generation, control and supply of mechanical and electric power for the marine and petroleum industries.

“This marks the beginning of an exciting new chapter in our company’s history and is a chance to become part of the strongest brands both Caterpillar and MaK in our industry,” said Håkan Svensson, Berg’s Chief Executive Officer. “Berg has proudly served the marine industry for 101 years, always striving to provide the best economical and environmentally sound customer solutions. We look forward to developing and providing an even greater portfolio of products and services for ship owners around the world.”

Berg’s thrusters, propellers and control systems will be rebranded as Caterpillar soon after the close of the deal, which is expected in the third quarter 2013, pending final regulatory approvals.

About Caterpillar
For more than 85 years, Caterpillar Inc. (caterpillar.com) has been making sustainable progress possible and driving positive change on every continent. With 2012 sales and revenues of $65.875 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services.

About Berg
Berg Propulsion (bergpropulsion.com) is one of the world’s leading designers and producers of Controllable Pitch Propellers for the shipping industry. Our strength lies in exceptional functional and technical expertise coupled with extensive industry knowledge. We deliver fully customized main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems, and 24-hour service. Berg Propulsion operates from state-of-the-art production facilities in Sweden and Singapore, with sales and marketing offices in China (Shanghai and Guangzhou), Turkey, Dubai, Singapore, Germany, Spain, Brazil, Italy, West Africa, India, South Korea and the Swedish west coast.

Caterpillar Europe contact:
Erik De Leye - Corporate Affairs
P: +32 2 550 3537 / M: + 32 475 691 799
E: De_Leye_Erik[.]cat.com.

Berg contact:
Christian Lundquist - Chief Marketing Officer
M: +46 768 290 893 - E: press[.]bergpropulsion.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Caterpillar, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Heavy Machinery/Handling Solutions articles,
CATCH Visitors via Your Competitors Announcements!


Caterpillar to Acquire Berg Propulsion, Significantly Expanding Customer Options for Advanced Marine Power Solutions

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Caterpillar | Berg Propulsion
Publisher Contact: Rachel Potts - CAT.com 
309-675-6892 / 309-573-3444 (mobile) potts_rachel_a[.]cat.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Caterpillar, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Heavy Machinery/Handling Solutions via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Caterpillar, Inc. / Company Profile


Read Heavy Machinery/Handling Solutions Most Recent Related Newswires:

Air Technical Industries Unveils Portable Jib Crane Articularm
Caterpillar Invests $11.5 Million in United Way
ANDRITZ to Supply Two Spunlace Lines to Fujian NanFang Textile Co., Ltd, Including the First TT Cards Sold in China
ANDRITZ SEPARATION Launches New Decanter Generation
ANDRITZ and TeamTec Sign Cooperation Agreement for Worldwide Marketing of the SeaSOx Exhaust Gas Cleaning System for the Maritime Industry
ANDRITZ MeWa Launches Successful Collaboration with New Trading Partner in France
Gomà-Camps Boosts Tissue Production Capacity with Voith Technology
ANDRITZ to Upgrade Bleaching System for Cartulinas CMPC in Maule, Chile
Caterpillar to Participate in the Baird 2016 Industrial Conference on November 10
Metso Receives Comprehensive Valve Order for New Kilpilahti Power Plant in Porvoo
Oak Cliff Recycling Chooses Metso N Series Inclined Shear to Speed-up Production
OBSYS Becomes FlexLink Software Engineering
ANDRITZ to Upgrade Woodyard Systems At Sappi North America’s Mill in Skowhegan, Maine, USA
ANDRITZ SEPARATION Wins Gold in Cannes
ANDRITZ to Supply Tissue Machine with the World’s Largest Steel Yankee to Brazil

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)