The Service of the Commission for the Protection of Competition received on behalf of Caterpillar Inc and Johan Walter Berg AB notification of a proposed concentration according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99). The notification concerns the acquisition of the share capital of Johan Walter Berg AB by Caterpillar Inc, through its subsidiary Caterpillar Luxembourg S.A.R.L.
Caterpillar Inc is a company duly registered under the laws of United States of America and is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Caterpillar Luxembourg S.A.R.L. is a company duly registered under the laws of Luxembourg and is a subsidiary of Caterpillar Inc. The company has two basic functions: a) the holding of the share capital of various subsidiaries of Caterpillar Group of Companies and b) it is used to provide intra-corporate finance in particular members of Caterpillar Group of Companies.
Johan Walter Berg AB is a company duly registered under the laws of Sweden which is active in the design, development, production, sale and maintenance of propulsion systems in international shipping market.