Press

The Zeppelin Group on course for growth

Zeppelin takes over distribution and service of Cat products in Sweden, Denmark and Greenland, as well as distribution and services for MaK engines in the Baltic states, Finland, Iceland and the Faroe Islands

Garching near Munich, September 26, 2019. The Zeppelin Group is advancing its cooperation with Caterpillar. Zeppelin is set to take over the distribution and service of Cat construction equipment and special equipment for surface and underground mining in Sweden and Denmark (including Greenland). The portfolio also includes drive, propulsion, traction, and energy systems, as well as machine and equipment rental. The Group is additionally taking over distribution and service for the MaK engine brand in the Baltic states, Finland, Iceland and the Faroe Islands. The transaction will take place subject to the consent of the European antitrust authorities. 

Zeppelin Group will acquire 100 percent of the shares in Luther Group, comprising Luther HL and METON, retroactively from January 1, 2019. As part of the acquisition, Zeppelin will transfer 100 employees to its Rental strategic business unit – a move that will support the company in strengthening its expertise in solutions in the areas of traffic guidance and transport technology.  

Alexander Wassermann takes over as Head of the Zeppelin Group’s Plant Engineering strategic business unit. Axel Kiefer leaves the company at his own request

Garching near Munich/Friedrichshafen, June 24, 2019. On July 1, 2019, Alexander Wassermann (53) will take over the position of Chair of the Management Board at Zeppelin Systems GmbH, and in doing so will also become Head of the Zeppelin Group’s Plant Engineering strategic business unit (SBU). He succeeds Axel Kiefer, who is set to leave the Zeppelin Group at his own request on June 30, 2019.

The company remains committed to the Russian market. On June 5, 2019, the Zeppelin Group not only celebrated the opening of a new branch, but also marked 20 years of operation in Russia. The company is demonstrating its ongoing commitment to the Russian market by investing in a high-tech service workshop, spare parts warehouse, and office building.

Targeted digitization and acquisitions contribute to success 

• The Group Financial Statements are compiled in accordance with IFRS for the first time
• Group sales: EUR 2.9 bn
• Group earnings before taxes on income and earnings: EUR 131 m
• Average workforce over the year: 8,502 (FTEs, including trainees)
• Group Management Board expects conditions to be largely stable in 2019