Caterpillar Buys Marine Engine Company
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.
Caterpillar Buys Marine Engine Company
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. Caterpillar 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 Completes Acquisition of Sabre Engines Ltd.
Caterpillar Inc. has acquired Sabre Engines Ltd., a family-owned company in the U.K. specializing in high-performance marine diesel engines. "Caterpillar is proud to announce this acquisition and welcomes Sabre into the Caterpillar family," said Douglas R. Oberhelman, Caterpillar vice-president with responsibility for the company's Engine Products Division. "Sabre is a well-managed company with dedicated people, state-of-the-art design and technology, and a solid customer base. Sabre has had an established Cooperation Agreement with Perkins Engines Company Ltd. since 1991, whereby Perkins sells core engines to Sabre for marinization.
