Gula Skrinet AB to acquire Caterpillar Propulsion AB

Gula Skrinet AB has reached an agreement with Caterpillar Luxembourg Sarl to acquire Caterpillar Propulsion AB and its subsidiaries.  The sale is expected to close on June 30, 2020.  Caterpillar Propulsion AB, formerly Berg Propulsion AB, is a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.The proposed acquisition includes Caterpillar Propulsion AB and its subsidiaries, including Caterpillar Propulsion Production AB, as well as Caterpillar Propulsion Pte. Ltd, its subsidiary Caterpillar Propulsion International Trading (Shanghai)