Caterpillar Inc (CAT) agreed to buy German company MWM Holding, a maker of engines that can run on alternative fuels, for 580 million euros ($810 million).
MWM engines operate on fuels including diesel, biogas, and industrial waste gas, and can be used to generate electricity, Caterpillar said in a statement. The company is based in Mannheim, Germany.
“This is a natural complement to Caterpillar’s…
Continue reading Caterpillar to Buy Engine Maker MWM for $810 Million
Caterpillar to Buy Engine Maker MWM for $810 Million originally appeared on DailyFinance on Fri, 22 Oct 2010 06:55:00.
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