Wacker Neuson SE: Wacker Neuson and Caterpillar to end strategic alliance for mini hydraulic excavators under three tons operating weight in 2018

Wacker Neuson SE  / Key word(s): Alliance/Strategic Company Decision

25.08.2016 09:30

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Release of an insider information according to section 17 MAR

Wacker Neuson and Caterpillar to end strategic alliance for mini hydraulic
excavators under three tons operating weight in 2018

(Munich, August 25, 2016)

In 2010, Wacker Neuson and Caterpillar entered into a strategic alliance
which saw Wacker Neuson developing and producing mini hydraulic excavators
under three tons operating weight exclusively for Caterpillar at its
production plant in Hörsching, Austria. Initiated by Caterpillar, both
parties have today agreed to end their strategic alliance as of May 31,
2018. Caterpillar plans to manufacture and market its own mini hydraulic
excavators in future. Wacker Neuson will continue to manufacture selected
mini excavator models until end of 2019 as part of an ongoing OEM supply
relationship. Customers of both organizations will continue to be supported
with spare parts and technical services. Other Wacker Neuson light and
compact equipment sold and serviced by Wacker Neuson at Caterpillar dealers
and rental stores is unaffected by this change.

At present, it is hard to predict how machines sales to Caterpillar for the
remainder of the alliance through May 2018 will develop, as this depends on
many factors, not least on market developments. The first full-year effect
on Wacker Neuson Group revenue will be seen in 2019. By then, Caterpillar
machines are expected to account for less than three percent of total group
revenue (2015: below 6 percent). The Wacker Neuson Group will continue its
international growth strategy by distributing its extensive range of
excavators via its own global sales channels.

Additional information on Wacker Neuson SE shares:
ISIN: DE000WACK012
WKN: WACK01
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany

Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Phone: +49-(0)89-35402-173
katrin.neuffer@wackerneuson.com
www.wackerneusongroup.com


25.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Wacker Neuson SE
              Preußenstr. 41
              80809 München
              Germany
Phone:        +49 - (0)89 - 354 02 - 0
Fax:          +49 - (0)89 - 354 02 - 390
E-mail:       ir@wackerneuson.com
Internet:     www.wackerneusongroup.com
ISIN:         DE000WACK012
WKN:          WACK01
Indices:      SDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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