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Thursday, June 11, 2020 

Caterpillar has agreed to sell off its Sweden-based Caterpillar Propulsion AB division, and the propeller and thruster company is returning under its old name of Berg Propulsion.

Caterpillar purchased Berg seven years ago, and rebranded it under the Caterpillar name. The buyer is Gula Skrinet, a Swedish holding company belonging to former COO of Berg Propulsion, Stefan Sedersten. It is understood that the current management team will remain. Sedersten is well-known in the maritime business, as Chairman of Lean Marine, a specialist in voyage optimisation, and I-Tech, which hold the rights to the Selektope antifouling agent. 

Sedersten said: “My message to customers, suppliers and other external partners is clear – we will honour all existing contracts and agreements and make sure to safeguard a seamless transition. This propulsion business is a household name in the industry, well-known for its dedication to customer satisfaction, reliable products and services, and we have every intention to make sure it continues that way.”

He added that he intends to retain a close relationship with Caterpillar Marine and its network of Cat and MaK dealers.

As well as its HQ and manufacturing plant near Gothenburg, the company has a factory in Singapore, and offices in Dubai and Shanghai. Berg’s product range includes CP propellers, azimuthing and transverse thruster and electronic control equipment.

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