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MS Industrie AG, headquartered in Munich, Germany, operates primarily in the powertrain and ultrasonic technology sectors. The company's Powertrain Technology segment, known as MS XTEC, focuses on manufacturing systems and components for heavy-duty combustion engines, as well as hybrid and electric drive systems. In 2024, MS Industrie AG sold a majority stake in its Ultrasonic Technology segment to Schunk Sonosystems GmbH, retaining a 49% interest. The company has production sites in Trossingen, Germany, and Charlotte, North Carolina, USA. Strategically, MS Industrie AG emphasizes automation and digitalization in its manufacturing processes to enhance efficiency and cost-effectiveness.

Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are construction, resource, energy, and transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.