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.
New Diesel Engine Lines Available for Workboat Market
In recent months several diesel engine manufacturers have expanded their existing engine and generator ranges to include models suitable for workboat, large yacht and fishing vessel applications. This translates to more propulsion choices for boat builders and owners. Following is a look at four newly launched lines. Last September, MTU introduced the new 8000 series, moving the company into medium-speed engine market. The first engine of the line is the 20V 8000, which is capable of producing 9,000 kW at 1,150 rpm. The 20V is primarily intended to be used as main propulsion for large yachts and workboats, as well as for diesel-electric propulsion and onboard power supply systems in cruise ships.
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.
