Proventis Partners advised Zeppelin Group on the acquisition of the sales and service of Caterpillar construction equipment, rental solutions and drive and energy systems in Norway and the Netherlands from Pon Holdings.

PRESS RELEASE

Frankfurt, 11 December 2024 – Proventis Partners advised Zeppelin Group (Germany) on the acquisition of the sales and service of Caterpillar construction equipment, rental solutions and drive and energy systems in Norway and the Netherlands from Pon Holdings (Netherlands).

The Transaction

Zeppelin acquires the sales and service of Caterpillar construction equipment, rental solutions and drive and energy systems in Norway and the Netherlands from Dutch group Pon Holdings.

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 Zeppelin is growing by approximately 2,000 employees and around EUR 1.1 billion in sales, making it one of the leading sales and service organizations worldwide for Caterpillar products and a company with an even greater international footprint.

US company Caterpillar Inc. is the leading manufacturer of construction and mining equipment, diesel and natural gas engines, gas turbines for industrial use and diesel-electric locomotives worldwide. Caterpillar sells its products in different countries and regions via independent Cat dealers who are in charge of sales and service for Cat products. The Zeppelin Group has steadily expanded the service territories which it covers as well as its product and service portfolio over the years and is now active in numerous European and Eurasian countries.

The Role of Proventis Partners

Proventis Partners advised Zeppelin on this strategic acquisition. The transaction team of Proventis Partners consisted of Christoph Ulrich, Dr. Leonhard Austmann and Morris Lämmerhirt.

About Zeppelin Group

The Zeppelin Group offers solutions in the construction industry, drive and energy systems, engineering and plant engineering. The Group provides customers with expertise in the distribution and service of construction, mining, forestry and agricultural machinery, through rental and project solutions for the construction sector and industry as a whole, to drive and energy systems as well as engineering and plant engineering, and enhances its offering with digital business models. Zeppelin is represented in 26 countries worldwide. In the 2023 financial year, the Group workforce comprised over 10,000 employees and generated sales of EUR 3.9 billion. The Group is organized in five strategic business units (Construction Equipment Germany & Austria, Construction Equipment International, Rental, Power Systems and Plant Engineering). Zeppelin GmbH is the Group holding company. It is legally domiciled in Friedrichshafen and has its head office in Garching near Munich. The Zeppelin Group is a foundation-owned company. Its roots can be traced back to the establishment of the Zeppelin Foundation by Graf Ferdinand von Zeppelin in 1908.

For further information about Zeppelin please refer to www.zeppelin.com

About Pon Holdings

Pon Holdings is a multinational company headquartered in the Netherlands. The company has 13,500 employees in 34 countries across six continents. Its well-known brands and over 110 businesses operate in three clusters: Automotive, Bikes and Equipment & Power Systems. Pon Holdings is the largest mobility group in the Netherlands, supplying millions of people with bikes, cars and mobility services every day.

For further information about Pon please refer to www.pon.com