Caterpillar recently acquired two more companies. The deal includes Franklin Power Products (FPP)and International Fuel Systems, which are subsidiaries of Remy International. Cat offered 150 million dollars in cash to close the deal. FPP is a leading remanufacturer of on-highway light- and medium-duty truck diesel engines and engine components. International Fuel Systems is a premium provider of remanufactured diesel engine components such as high pressure fuel pumps, fuel injectors and turbochargers.
With the acquistion of these two companies Cat Reman becomes the leading diesel engine remanufacturer in North America. The boss of Cat Reman, Steve Fisher marked the acquistion as follows:
"This acquisition represents an excellent strategic fit between Cat Reman and these two companies. It increases our overall product and service offering, and will provide a platform for future growth opportunities for Cat Reman"
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