Caterpillar Buys Marine Engine Company

Friday, April 07, 2000
Heavy equipment maker Caterpillar Inc. bought closely held Sabre Engines Ltd., a U.K.-based company that specializes in high-performance marine diesel engines. Terms of the deal were not released.

"The benefit to our customers and the marine industry is that boat builders will be able to one-stop-shop a wider horsepower range for Caterpillar marine power systems," Douglas Oberhelman, Caterpillar vice president with responsibility for the company's Engine Products Division," said.

Caterpillar said it already sells 27 different engine models and sells more marine diesel engines over 250 bhp than any other manufacturer in the world. The addition of Sabre Engines Ltd. will add to Caterpillar's offering of marine power systems below 300 bhp.

Sabre has had a cooperation agreement with small and medium industrial engine maker Perkins Engines Company Ltd., a wholly owned subsidiary of Caterpillar, since 1991. Under the agreement, Perkins sells core engines to Sabre for marinization.

Caterpillar's engine sales account for about 35 percent of total company sales and revenues, which were over $19.7 billion in 1999.

Sabre Engines, headquartered in Wimborne, Dorset, England had sales over $14.3 million in 1999. The company employs about 80 people and has manufacturing, test, assembly and service operations at their Wimborne facilities.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Carrier for Kansai Electric Power Named LNG FUKUROKUJU

Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co.

AAM, UNH in Vessel Design, Construction Pact

All American Marine, Inc.(AAM) together with the University of New Hampshire (UNH) are pleased to announce a contract for the design and construction of a new aluminum catamaran research vessel.

Korean Shipyards in Troubled Water

Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.

Finance

NewLead Holdings Announces Commercial Competency of MT Sofia

NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.

Statoil 2Q 2015 Earnings Slip

Statoil delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFRS of NOK 10.

MOL's Barge Terminal in Bangkok

Mitsui O.S.K. Lines, Ltd. today announced the signing of a Joint Venture Agreement with SahaThai Terminal Co.,Ltd., a container terminal operation company in Thailand,

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2078 sec (5 req/sec)