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

25.08.2016 / 09:33
The issuer is solely responsible for the content of this announcement.

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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. [phone]
[e-mail]
www.wackerneusongroup.com

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: http://www.cat.com.


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25.08.2016 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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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: [e-mail]
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 News DGAP News Service
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495775 25.08.2016