06.12.2024

Zeppelin to acquire Cat distributor Pon

German Caterpillar distributor Zeppelin is to acquire the Pon CAT distribution businesses in the Netherlands and Norway.

The dealer will include the acquisition of 20 legal entities in the two countries from the Dutch group Pon Holdings and will include the distribution of Cat construction and energy related equipment, as well as Cat rental stores rental operations in both markets.

The transaction is subject to the customary approvals and consultation conditions including the approval of the relevant antitrust authorities and successful completion of the consultation procedures with the relevant Dutch works councils, with completion expected during the first half of 2025.

The acquisition will add around 2,000 employees and around €1.1 billion in revenues to the Zeppelin group.

Zeppelin chairman Matthias Benz said: “With these two areas, we are strengthening the long-term partnership with Caterpillar at a global level. Zeppelin is thus growing in our well known and proven core business. We will be able to offer our customers a wide range of solutions, products and services through our complementary product portfolio. We are proud that Caterpillar has expressed its confidence in us, and that we will operate in additional countries in future. We see a great deal of potential in these new regions and are pursuing a long-term growth strategy”.

Pon chief executive Janus Smalbraak added: “We enjoyed two successful decades with Caterpillar and are pleased to now see our equipment and power business transition to Zeppelin. With their long term vision and established partnership with Caterpillar, Zeppelin offers an ideal platform for further growth. This transition ensures continuity for our employees, customers, and partners.”