Caterpillar announced a name change of its former Power Systems segment to Energy & Transportation. The new segment name was announced at CONEXPO-CON/AGG 2014, the largest construction equipment tradeshow in North America.
 
“Global economic growth will drive increasing demand for energy and transportation during the coming decades,” said Jim Umpleby, Caterpillar group president with responsibility for Energy & Transportation. “Caterpillar has made a number of acquisitions and significant investments in product development to expand our participation in the Oil & Gas, Power Generation, Marine, Rail and Industrial markets. Our new name better reflects the industries and customers we now serve.”
 
Caterpillar has a long legacy as a leading provider of reciprocating engines, gas turbines and centrifugal natural gas compressors to the Oil & Gas industry. Our recently formed Black Horse joint venture with Ariel Corporation provides well-service pressure-pumping products, giving our energy production customers a complete pressure-pumping solution sold and serviced through the Cat® dealer network.
 
In the power generation industry, Caterpillar’s reciprocating engines and gas turbines have provided prime and standby power, as well as combined heat and power solutions in a variety of applications for many years. There are more than 450,000 Cat generator sets installed around the world. The acquisition of MWM further expanded our capabilities in sustainable, natural gas and alternative fuel engines.
 
Caterpillar has provided services to the rail industry since our acquisition of Progress Rail in 2006. With the acquisition of Electro-Motive Diesel (EMD) in 2010, Caterpillar offers a broad range of rail products and services, from freight and transit locomotives to freight car, signal and track services.
 
In 2013, our acquisition of Berg Propulsion added propulsion and control systems to our existing marine engine and auxiliary power product line.
 
“We have a long legacy of delivering reliable power for our customers,” Umpleby said. “With our expanded lineup of products, services and solutions, we are well-positioned to serve our customers in the growing energy and transportation industries.”