M&A Deal Summary

Emerson Acquires Kato Engineering

On February 2, 1999, Emerson acquired electrical equipment company Kato Engineering from Caterpillar

Acquisition Highlights
  • This is Emerson’s 4th transaction in the Electrical Equipment sector.
  • This is Emerson’s 7th transaction in the United States.
  • This is Emerson’s 1st transaction in Minnesota.

M&A Deal Summary
Date 1999-02-02
Target Kato Engineering
Sector Electrical Equipment
Buyer(s) Emerson
Sellers(s) Caterpillar
Deal Type Divestiture

Target

Kato Engineering

Mankato, Minnesota, United States
Kato Engineering is a manufacturer of electric generators for power plants based in Mankato, Minnesota.

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Buyer(S) 1

Buyer

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 10 of 66
Sector (Electrical Equipment) 4 of 8
Type (Divestiture) 2 of 11
State (Minnesota) 1 of 2
Country (United States) 7 of 42
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-26 Westinghouse Process Control Division

O'Hara Township, Pennsylvania, United States

PCD designs, manufactures and installs distributed control and information systems to the power generation, wastewater treatment, metals, chemical and other process industries worldwide.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-14 Jordan Telecommunications Products

Deerfield, Illinois, United States

Jordan Telecommunications Products, Inc. is a manufacturer of telecommunication equipment and supplies.

Buy $440M

Seller(S) 1

SELLER

Caterpillar

Irving, Texas, United States
Category Company
Founded 1925
Sector Machinery
Employees113,200
Revenue 67.1B USD (2023)
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 STATS #
Overall 1 of 8
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 7
State (Minnesota) 1 of 1
Country (United States) 1 of 5
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-02 F.G. Wilson

Belfast, Ireland

FG Wilson is a supplier of diesel and gas generator sets. FG Wilson's products range from 6.8 - 2,500 kVA, including open and enclosed generator sets providing prime and standby power - from standby domestic use, right up to power modules with the ability to operate as complete power stations supplying electricity to national grids.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-05 Sabre Engines

Wimborne, United Kingdom

Sabre Engines Ltd., a family-owned company in the U.K. that specializes in high-performance marine diesel engines.

Buy -
Mergr

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