Caterpillar and Ring Power sign agreement with APR Energy
September 29, 2011 – Caterpillar Inc., Ring Power (a Cat dealer) and APR Energy plc have signed an agreement to develop temporary power solutions globally to meet the needs of “the growing international power projects (IPP) market, especially in the emerging markets”.
The five-year agreement centres on APR working with Caterpillar, Ring Power and the Cat dealer network to originate and respond to temporary power plant opportunities. As part of the agreement, Caterpillar will supply mobile gensets through Ring Power to APR Energy. APR will benefit from an increased flow of temporary power plant opportunities and from clear visibility of an integrated supply line to fulfil on its diesel and gas engine requirements, and Caterpillar will benefit from an increased presence—on a global basis—in the IPP market.
“We are pleased to be working with Ring Power and APR Energy as we expand our growth in the international power projects business,” said Bill Rohner, Caterpillar vice-president with responsibility for electric power. “APR’s experience in temporary power solutions, Caterpillar’s engineering and product expertise and Ring Power’s rental experience will enable us to better serve our customers.”
As part of the agreement, Ring Power will provide application, engineering, sales and product support to APR Energy.