MWM (Motoren Werke Mannheim) AG, was re-created on October 1, 2008, with the renaming of Deutz Power Systems. 'Deutz Power Systems' was spun off from Deutz AG in 2005, which traces its roots to the original Motoren Werke Mannheim AG (MWM) that was founded 1922. It was formed after Carl Benz split up the engine division of his company, which he founded in 1871, as Benz AG. In October 2010, Caterpillar announced it would buy German engine-manufacturer MWM GmbH from 3i for $810 million.