Caterpillar Inc – ‘8-K’ for 2/2/99

As of:  Thursday, 2/4/99   ·   For:  2/2/99   ·   Accession #:  18230-99-10   ·   File #:  1-00768

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Fg Wilson                                              2±    11K 

Document Table of Contents

SECURITIES AND EXCHANGE COMMISSION                                              
Washington, D.C.  20549                                                         

FORM 8-K                                                                        

Current Report                                                                  

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934          

Date of Report (Date of earliest event reported):  February 2, 1999             

CATERPILLAR INC.                                                                
(Exact name of registrant as specified in its charter)                          

Delaware                                                                        
(State or other jurisdiction of incorporation)                                  

1-768                                                                           
(Commission File Number)                                                        

37-0602744                                                                      
(IRS Employer I.D. No.)                                                         

100 NE Adams Street, Peoria, Illinois                                           
(Address of principal executive offices)                                        

61629                                                                           
(Zip Code)                                                                      

Registrant's telephone number, including area code:  (309) 675-1000             

Item 5.  Other Events                                                           

Caterpillar to Acquire 100 Percent Ownership of F.G. Wilson;                
Emerson Electric to Acquire Kato Engineering                

On February 2, 1999, Caterpillar Inc. and Emerson Electric Co.        
announced that they have reached agreements in principle for                    
Caterpillar to acquire Emerson's equity interest in F.G. Wilson,                
a leading packager of diesel-powered generator sets, and for Emerson            
to acquire Kato Engineering, a major supplier of electric generators,           
from Caterpillar.                                                               
Caterpillar Chairman and Chief Executive Officer Glen A.              
Barton and Emerson Chairman and Chief Executive Officer Charles                 
F. Knight made the announcement jointly today.                                  
"These strategic moves further strengthen the relationship            
between Caterpillar and Emerson as leaders in the growing                       
electric power generation business by allowing each company to                  
expand its capabilities within their areas of expertise," Barton                
said.  "As the worldwide leader in the growing electric power                   
generation business, Caterpillar's sole ownership of F.G. Wilson                
significantly enhances our ability to efficiently serve a much                
broader range of customers."                                                    
"These agreements will strengthen Emerson's global position           
in the generator market and further establish our company as a                  
strategic supplier to Caterpillar for a broad range of electrical               
equipment and components," Knight said.                                         
The parties agreed not to release terms of the agreements.            
The acquisitions are contingent upon negotiating finalizing                     
agreements and receiving applicable regulatory approvals.                       
Caterpillar took an equity position as a joint venture                
partner with Emerson in F.G. Wilson in 1996.  Caterpillar                       
purchased Kato Engineering from Rockwell Automation in second                   
quarter 1998.                                                                   
"These moves will benefit Caterpillar customers and                   
stockholders, who have already seen the value of the F.G. Wilson                
joint venture over the past three years," Barton said.                          
Caterpillar, headquartered in Peoria, Illinois, is the                
world's largest manufacturer of construction and mining                         
equipment, diesel and natural gas engines and industrial gas                    
turbines.  The company's growing engine business accounts for                   
more than 30 percent of total company sales, which totaled nearly               
$21 billion in 1998.                                                            
F.G. Wilson, based in Larne, Northern Ireland, was acquired           
by Emerson in 1994 and is a leading United Kingdom exporter.                    
Emerson Electric Co., headquartered in St. Louis, Missouri,                     
manufactures a broad range of electrical, electronic and related                
products for commercial, industrial and consumer markets.                       
Fiscal 1998 sales totaled $13.4 billion.                                        

SIGNATURES                                                                      

Pursuant to the requirements of the Securities Exchange Act of        
1934, the registrant has duly caused this report to be signed on its            
behalf by the undersigned thereunto duly authorized.                            

                    CATERPILLAR INC.

                              By:  /s/ R. Rennie Atterbury III
                                     R. Rennie Atterbury III
                                    Vice President

Date:  February 4, 1999                                                         

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		2/4/99		None on these Dates
For Period End:		2/2/99
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