Gula Skrinet AB to Acquire Caterpillar Propulsion AB
Gula Skrinet AB reached an agreement with Caterpillar Luxembourg Sarl to acquire Caterpillar Propulsion AB and its subsidiaries. The sale is expected to close on June 30, 2020. Caterpillar Propulsion AB, formerly Berg Propulsion AB, is a manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.The proposed acquisition includes Caterpillar Propulsion AB and its subsidiaries, including Caterpillar Propulsion Production AB, as well as Caterpillar Propulsion Pte. Ltd, its subsidiary Caterpillar Propulsion International Trading (Shanghai) Co.
Obituary: Karl H. Senner
Karl H. Senner, founder of Karl Senner, Inc., passed away after a lengthy illness on Thursday, October 19, 2006. Mr. Senner was born in Marienburg, Germany in 1931. He immigrated to the United States in 1952. Mr. Senner was a veteran of the United States Army. After a mechanical apprenticeship, Mr. Senner was hired by Enterprise Engine Company in Oakland, Calif., where he supervised power plant installations. Enterprise Engine Company transferred Mr. Senner to the marine engine division, eventually moving him to the New Orleans area. In 1962 Mr. Senner became a partner in a startup venture company, Green Senner, Inc. which eventually expanded to include a tug company, Green Senner Towing. Green Senner, Inc. became the North American distributor of Reintjes marine transmissions in 1967.
