Caterpillar Emissions Solutions Acquires CleanAIR Systems
July 27, 2010
Caterpillar
Emissions Solutions has signed a definitive agreement to purchase CleanAIR
Systems, Inc. Upon completion of the
transaction, CleanAIR Systems will become a wholly owned subsidiary of
Caterpillar Inc. within the Customer Services Support Division.
CleanAIR
Systems is a privately owned company in Santa
Fe, New Mexico, and
is a leader in designing and manufacturing customized stationary aftertreatment
solutions for internal combustion engines.
The broad product line includes California Air Resources Board (CARB)
verified particulate filters, oxidation catalysts and silencers as well as an
innovative hybrid selective-catalytic-reduction/particulate-filter/silencer
system. These products and CleanAIR’s engineering expertise have seen
especially strong use in retrofitting engine-powered generators, and they have
application in diverse industries.
“Lowering
the emissions output of our legacy equipment is one of the most significant
steps we can take to help our customers do their work in a more sustainable
manner. The CleanAIR products add significantly to our ability to accomplish
emissions reductions for our electric power, petroleum and marine customers,”
said Terry Sears, Manager, Caterpillar Emissions Solutions. "Our goal is
to be the leader and the preferred provider of emissions reduction technologies
for the existing population of Cat products around the globe."
In
2008, Caterpillar Emissions Solutions signed an Allied Vendor Agreement with
CleanAIR Systems to strengthen the stationary aftertreatment business. The
acquisition will build on the success of the vendor agreement and the working
relationships developed with Cat dealers. About 70 percent of
CleanAIR products were going to Cat dealers under the agreement.
“We
are extremely pleased that CleanAIR Systems has joined the Caterpillar family.
After working together for several years as an allied vendor of Caterpillar, we
feel this is a natural progression,” said Michael Roach, President, CleanAIR
Systems, Inc. “My staff and I are looking forward to an exciting future helping
the worldwide Cat Dealer Network and their customers meet air quality
regulations.”
Caterpillar
Emissions Solutions will provide marketing and engineering support to CleanAIR
Systems, assist with CARB and EPA Verification, and jointly develop
next-generation products for Caterpillar customers.
The
acquisition is expected to close by July 1, 2010, pending final regulatory
approvals. CleanAIR Systems will remain
headquartered in Santa Fe
and will be known as CleanAIR Systems, Inc.- A Caterpillar Company.
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