Caterpillar has changed the name of its former Power Systems segment to Energy & Transportation, the company announced March 4 at CONEXPO-CON/AGG 2014 in Las Vegas.
“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 provides reciprocating engines, gas turbines and centrifugal natural gas compressors to the Oil & Gas industry. In the power generation industry, the company'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 several years. There are more than 450,000 Cat generator sets installed around the world.
“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.”