Create a CEG Account  /  CEG Login



Caterpillar Buys British Wealdstone Engineering

August 18, 2004 - National Edition
Construction Equipment Guide

NEW YORK (AP) Caterpillar Inc., a maker of construction, mining and forestry machinery, said Aug. 16 that it agreed to buy British firm Wealdstone Engineering Ltd., a private remanufacturer of gasoline and diesel engines.

Terms of the deal were not disclosed, but Caterpillar said the agreement is effective Sept. 1, subject to legal and regulatory requirements. Caterpillar said the purchase expands its remanufacturing services business, which currently has six facilities located in the United States, Mexico and Europe serving the automotive power train market.

Wealdstone Engineering, located in Rushden, England, employs more than 100 people. Its largest long-term customers are Ford Europe and the British Ministry of Defense.

Caterpillar is one of the world’s largest remanufacturers, processing more than two million units annually and recycling more than 100 million pounds of used products each year. The company’s remanufacturing products include on- and off-highway engines, engine components, transmissions, hydraulic components and electronic components.


Today's top stories

Seabrook Bridge Construction Moves Toward October 2028 Completion

Yuba Pass Gets Two Bridge Replacements

TxDOT Widens 20 Mi. of U.S. 87 to Improve Safety, Increase Capacity

Core Equipment Group Strengthens Leadership Team

Diamond Mowers Strengthens Dealer Support Through Demo Days, Champion Training Events

Volvo Increases Use of Recycled Materials in New Heavy-Duty Truck Models

E2 Systems Turns Wheel Loaders Into High-Production Material Placers

ADM Names Brady Umberger President


 





×

Stay Ahead of the Market

Get weekly equipment news, auction updates, and dealer insights — trusted by thousands of industry professionals.



39.96118 \\ -82.99879 \\ Columbus \\ OH \\ US \\ 43215