Caterpillar Announces Acquisition of Leading Brazilian Locomotive
Corporate Public Affairs
MGE Equipamentos & Serviços Ferroviários Ltda. will become part of Caterpillar's Progress Rail Services Division
PEORIA, IL, – Caterpillar Inc. (NYSE: CAT), has reached an agreement to acquire all of the capital stock of MGE Equipamentos & Serviços Ferroviários Ltda. (MGE). Based in Diadema and Hortolandia – in Sao Paulo State, Brazil, MGE is a manufacturer and reconditioner of traction motors, main and auxiliary generators, control equipment and auxiliary components for locomotives and transit cars. In addition, MGE maintains, modernizes and rebuilds transit cars and locomotives. Customers include various transit authorities and railroads in South America. MGE is a market leader in the Brazilian market for the products and services it provides and is recognized for its quality and customer satisfaction. MGE will become part of Caterpillar's Progress Rail Services Division (Progress Rail).
"The acquisition of MGE represents an important step in Progress Rail's international growth strategy," said Billy Ainsworth, Caterpillar vice president with responsibility for Progress Rail. "We welcome the management and employees of MGE to Progress Rail and Team Caterpillar and look forward to serving MGE's existing customers as well as providing products and services to the rapidly growing rail and transit industry in South America."
Progress Rail is one of the largest integrated and diversified suppliers of railroad and transit system products and services in North America. These products and services include various types of rolling stock and track infrastructure. Headquartered in Albertville, Alabama, Progress Rail operates in more than 110 locations with 4,625 employees in the United States, Canada and Mexico. The acquisition of MGE is the first business expansion for Progress Rail outside of North America….more Cat.com