Divestiture • Machinery

Caterpillar Acquires Turbomach S.A.

On June 17, 2004, Caterpillar acquired machinery company Turbomach S.A. from BORSIG

Acquisition Context
  • This is Caterpillar’s 10th transaction in the Machinery sector.
  • This is Caterpillar’s 1st transaction in Switzerland.

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M&A Deal Summary

Date June 17, 2004
Target Turbomach S.A.
Sector Machinery
Buyer(s) Caterpillar
Sellers(s) BORSIG
Deal Type Divestiture

Target Company

Turbomach S.A.

Riazzino, Switzerland
Turbomach S.A. is a Swiss packager of industrial gas turbines and related systems. Turbomach purchases Solar gas turbine engines and packages and sells them as integrated systems into the industrial power generation market, along with providing aftermarket services and support. Turbomach also develops major power projects which include site construction, balance of plant design and installation, and coordination of project financing.
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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 15 of 39
Sector: Machinery 10 of 22
Type: Divestiture 7 of 9
Country: Switzerland 1 of 1
Year: 2004 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Terex Mining Truck Business

United States

Terex's Mining Truck Business consists of eight-model line of DC and AC electric drive mining trucks. The trucks are sold under the Payhauler and Unit Rig brand names.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-16 Wealdstone Engineering

Rushden, United Kingdom

Wealdstone Engineering Ltd., one of Europe's leading remanufacturers of gasoline and diesel engines. Its business is automotive and industrial based, and Wealdstone has been a specialist OEM remanufacturer since 1965. Wealdstone's largest long-term customers are Ford Europe and the British Ministry of Defence.

Buy -

Seller Profile 1

SELLER

BORSIG

Berlin, Germany

Category Company
Founded 1837
Sector Machinery
DESCRIPTION

The Borsig company has a long and rich history, it was founded by August Borsig in Berlin in 1837. Today the company is the global leader in the development, design and manufacture of complex appliances for the cooling of high-temperature, high-pressure gases for the chemical and petrochemical industries. In addition, the Borsig Industrial Services Division also provides installation and other services for the chemical industry, and for the energy engineering sector. Borsig is also an active player in the growth market for gas-separating membrane technology.


Deal Context for Seller #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: Switzerland 1 of 1
Year: 2004 1 of 1

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