Caterpillar agreed to buy Swedish company Johan Walter Berg AB, including its core brand of Berg Propulsion, a manufacturer of mechanically and electrically driven propulsion systems and controls for ships.
With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete propulsion package systems, the company announced.
Headquartered in Ockero Islands, Sweden, Berg has designed and manufactured heavy-duty marine thrusters and controllable-pitch propellers since 1929.
"Berg is one of the most highly regarded brands in the marine industry," said Caterpillar vice president Tom Frake, who oversees the Marine and Petroleum Power Division. "Our team will now be able to provide worldwide Caterpillar support to marine operators for a complete, optimized propulsion package, including bow thrusters, gearboxes and shaft alternators."
Berg will become part of the Caterpillar marine and petroleum power division.