Add-on Acquisition • Marine

Caterpillar Acquires Johan Walter Berg AB

On July 1, 2013, Caterpillar acquired marine company Johan Walter Berg AB

Acquisition Context
  • This is Caterpillar’s 1st transaction in the Marine sector.
  • This is Caterpillar’s 1st transaction in Sweden.

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M&A Deal Summary

Date July 1, 2013
Target Johan Walter Berg AB
Sector Marine
Buyer(s) Caterpillar
Deal Type Add-on Acquisition

Target Company

Johan Walter Berg AB

Ockero, Sweden
Berg Propulsion is a designer and producer of Controllable Pitch Propellers for the shipping industry. Berg delivers fully customized main propellers, azimuth thrusters, transverse thrusters and manoeuvre systems, and 24-hour service. Berg Propulsion operates from 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.
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Buyer Overview 1

Buyer

Caterpillar

Irving, Texas, United States

Category Company
Founded 1925
Sector Machinery
Employees112,900
Revenue 64.8B USD (2024)
DESCRIPTION
Caterpillar office in Tucson, Arizona.
Caterpillar office in Tucson, Arizona.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.


Deal Context for Buyer #
Overall 32 of 39
Sector: Marine 1 of 1
Type: Add-on Acquisition 22 of 28
Country: Sweden 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Neovia Logistics

Irving, Texas, United States

Neovia Logistics is a provider of integrated logistics services, including service parts logistics, warehousing, business support services, order and inventory management, and other value-added services. Neovia Logistics was founded in 1987 and is based in Irving, Texas.

Sell $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Caterpillar s - Advanced Compacting Technology Group

United States

Caterpillar Inc.’s (“Caterpillar”) Advanced Compacting Technology Group, which produces powder metal components including flanges, transmission hubs, brake hubs and bearings.

Sell -

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