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

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

2016-08-25 / 09:33
The issuer is solely responsible for the content of this announcement.

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.

For several years, Wacker Neuson and Caterpillar have enjoyed a successful and collaborative relationship which has been beneficial to both parties. The alliance has provided positive brand enhancements for both parties in the competitive market segment of mini excavators. Caterpillar customers have benefited from the high quality products, expertise and focus provided by Wacker Neuson in this product range. 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 are unaffected by this change.

The Wacker Neuson Group will continue its international growth strategy, distributing its extensive product range of excavators from 0.8 to 14.5 tons operating weight via its global sales channels. Wacker Neuson will continue to focus on delivering innovative products that provide customers with even more value added. Caterpillar will continue to purchase selected products made by Wacker Neuson to complement their own product offering in the future beyond the end of the alliance in 2018.

Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Tel. +49-(0)89-35402-173

About Wacker Neuson:
The Wacker Neuson Group is an international group of companies and a leading manufacturer of light and compact equipment with over 50 affiliates and 140 sales and service stations. The group offers its customers a broad and deep portfolio of products, a wide range of services and an efficient, global spare parts service. The product brands Wacker Neuson, Kramer and Weidemann belong to the Wacker Neuson Group. Wacker Neuson Group is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and energy. In 2015, the Group achieved revenue of EUR 1.38 billion, employing over 4,600 people worldwide.

About Caterpillar:
For more than 90 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2015 sales and revenues of $ 47.0 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: www.cat.com.


2016-08-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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