Caterpillar Buys Tangent Energy Solutions

Caterpillar Inc. (NYSE: CAT) has acquired Tangent Energy Solutions, Kennett Square, Pennsylvania, U.S.-based energy-as-a-service (EaaS) company.

TheThe deal’s amount was not disclosed.

LedBy Dean Musser, President and Chief Executive Officer. Tangent EnergyCustomers receive solutions to reduce energy costs, increase energy efficiency, and decrease emissions.

ItsSoftware solutions that monitor patterns from the grid and client facilities analyze energy markets opportunities and dispatch resources to maximize return without disrupting business operations.

Tangent Energy SolutionsServices will be offered under the Tangent EnergyBrand and operate under Caterpillar’s Electric Power Division.

With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. Manufacturer of construction and mining equipment, offhighway diesel and natural gasoline engines, industrial gas turbines, and diesel-electric locomotives. The company does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries Energy & Transportation – and providing financing and related services through our Financial Products segment.

FinSMEs

05/05/2022

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