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

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.

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