Caterpillar and Remy International have announced that Caterpillar Remanufacturing Services (Cat Reman) will acquire Williams Technologies (WTI), a leading remanufacturer of automatic transmissions, torque converters, and engines for automotive and medium and heavy duty truck applications.
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Williams Technologies currently remanufactures over 40 transmission models for a variety of automotive Original Equipment Manufacturers and vehicle platforms. The acquisition is an expansion of Caterpillar Remanufacturing Services into the automotive powertrain remanufacturing business and follows the recent acquisition of an English engine rebuilding firm.
Caterpillar is one of the world’s largest remanufacturers, recycling more than 100 million pounds of used iron every year into remanufactured engine, transmission and hydraulic components. The acquisition also builds on relationships already established in the automotive industry by Caterpillar subsidiary Caterpillar Logistics Services, which is one of the world’s largest third party logistics providers.
“This acquisition is an excellent strategic fit, providing an opportunity to leverage Caterpillar’s core remanufacturing strengths (core management, reverse logistics, machining of rough castings, salvage technology) to provide remanufacturing services to original equipment manufacturers in the automotive industry,” said Steve Fisher, general manager of Caterpillar’s remanufactured products group. We intend to expand our customer base and serve the market in an even greater capacity.
Williams Technologies is located in Summerville, South Carolina and employs approximately 500. Williams will join seven other Caterpillar remanufacturing facilities located in the United States, Mexico and Europe.
The acquisition agreement will be effective September 1 subject to the completion of legal and regulatory requirements.
