Announced

Zeppelin to acquire the service operations for Caterpillar equipment in Norway and the Netherlands from Pon Holdings.

Synopsis

Zeppelin agreed to acquire the service operations for Caterpillar equipment in Norway and the Netherlands from Pon Holdings. Financial terms were not disclosed. Part of the transaction comprises around 20 legal entities in Norway and the Netherlands with their portfolio of new and used machines, drive and energy systems, servicing and spare parts as well as solutions for equipment rental and the associated service. The acquisition means that the Zeppelin Group is growing by approximately 2,000 employees and around 1.1bn euros in sales, making it one of the leading sales and service organizations worldwide for Cat products and a company with an even greater international footprint.

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