Caterpillar Emissions Solutions buys CleanAIR Systems
3 July 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. The financial terms were not disclosed.
CleanAIR Systems—a privately owned company in Santa Fe, New Mexico—designs and manufactures customized stationary aftertreatment solutions for internal combustion engines. The product line includes California Air Resources Board (ARB) verified particulate filters, oxidation catalysts and silencers as well as a 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, such as those used in electric power, petroleum and marine applications.
In 2008, Caterpillar Emissions Solutions signed an Allied Vendor Agreement with CleanAIR Systems to strengthen the stationary aftertreatment business. The acquisition will build on this vendor agreement and the working relationships developed with Cat® dealers. About 70% of CleanAIR products were going to Cat dealers under the agreement.
Caterpillar Emissions Solutions will provide marketing and engineering support to CleanAIR Systems, assist with ARB and EPA verification, and jointly develop next-generation products for Caterpillar customers. CleanAIR Systems will remain headquartered in Santa Fe and will be known as CleanAIR Systems, Inc.—A Caterpillar Company.