Navistar International subsidiary International Engines South America has agreed to acquire MWM Motores Diesel Ltda, a Brazilian diesel engine manufacturer. MWM produces medium- and high-speed diesel engines ranging from 50 to 310 horsepower for use in pickups, vans, light and semi-heavy trucks as well as agricultural, marine and generator applications. The company’s OEM customers include General Motors, Volkswagen and Nissan, and its annual production exceeds 85,000 engines. Revenues in 2004 were approximately $370 million. The Brazilian anti-trust regulatory authority must approve the acquisition before it can take place.
Navistar subsidiary to buy Brazil-based diesel engine maker
Apr 25, 2005