Caterpillar Purchases Outstanding Share of Intelligent Switchgear Organization Joint Venture from Eaton Corporation
For Worldwide Release: December 5, 2017
Release Number: EEPR2217
Caterpillar to assume full ownership of manufacturer of low- and medium- voltage switchgear, generator set controls, and automatic transfer switches
PEORIA, IL – Caterpillar Inc. today announced the company has purchased the remaining interest in Intelligent Switchgear Organization (ISO), Caterpillar’s joint venture with Eaton Corporation that develops and produces low- and medium- voltage switchgear, generator set controls, and automatic transfer switches.
Caterpillar purchased Eaton’s interest in ISO and dissolved the joint venture effective on December 1. Financial terms of the purchase were not disclosed. Current ISO employees will join Caterpillar, and engineering and manufacturing will continue at the ISO facility in Alpharetta, Ga. Eaton will continue as a supplier of electrical components.
“This acquisition differentiates Caterpillar in the market by enabling us to provide a wide range of complete power solutions from a single supplier,” said Tom Frake, vice president of Caterpillar’s Global Power Solutions Division. “Through this purchase, we can streamline our supply chain and other key processes so Caterpillar and the Cat® dealer network are able to deliver even more value for the customer by providing complete solutions.”
ISO manufactures complex electrical interfaces and controls associated with integrated power solutions. Distributed exclusively through the Cat dealer network, products developed and produced by ISO include paralleling switchgear and automatic transfer switches used for emergency or prime power applications for a wide variety of facilities, ranging from commercial and industrial facilities to utility and power generation installations.
Caterpillar is a leader in the power generation marketplace with power systems engineered to deliver unmatched durability, reliability and value. The company offers worldwide product support, with parts and service available globally through the Cat authorized service and dealer network. In addition, dealer service technicians are trained to service every aspect of Cat equipment.
For more information, visit www.cat.com/powergeneration or e-mail cat_power@cat.com. To interact with other power generation professionals in our online community, register at www.cat.com/powergeneration.
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For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
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