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Caterpillar Announces Acquisition Of EaaS Company, Tangent Energy Solutions- $CAT $DIA

By John F. Heerdink, Jr.

Reportedly, Caterpillar, Inc. (CAT) has acquired a U.S.-based energy-as-a-service company, Tangent Energy Solutions, headquartered in Kennett Square, Pennsylvania. Tangent Energy offers customers turnkey solutions for reducing energy costs, increasing energy efficiency, reducing emissions, monetizing electric grid support, and providing resiliency for customer operations. Tangent Energy Solutions will operate under Caterpillar’s Electric Power Division, and continue to offer services under the Tangent Energy brand.

“Caterpillar is at the forefront of the industry in delivering robust and efficient power solutions supported by advanced digital offerings. Customers select Cat® power solutions for the long-term return on investment, and we look forward to working together to help deliver additional value through the compelling combination of our cutting-edge technologies with the customer relationships established by Caterpillar and the Cat dealer network,” stated Dean Musser, president, and chief executive officer of Tangent Energy Solutions. 


Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent. To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.


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(Read Original Story: Caterpillar Acquires Tangent Energy Solutions in PR Newswire)


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