Caterpillar (CAT +0.5%) acquires Sweden's Johan Walter Berg AB, a maker of driven propulsion...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar (CAT +0.5%) acquires Sweden's Johan Walter Berg AB, a maker of driven propulsion systems and marine controls for ships, in an effort to expand its offerings of advanced marine power products. The company will become part of CAT's marine and petroleum power division. Terms of the deal weren't disclosed, but the sale is expected to close in Q3 2013.