25.08.2016 09:30:30
|
DGAP-Ad hoc: Wacker Neuson SE
DGAP-Adhoc: Wacker Neuson SE: 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
--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
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.
---------------------------------------------------------------------------
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
--------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Wacker Neuson SEmehr Nachrichten
29.11.24 |
Optimismus in Frankfurt: SDAX notiert am Freitagmittag im Plus (finanzen.at) | |
29.11.24 |
ANALYSE-FLASH: Warburg Research hebt Wacker Neuson auf 'Buy' - Ziel 17 Euro (dpa-AFX) | |
28.11.24 |
Starker Wochentag in Frankfurt: SDAX zum Start des Donnerstagshandels auf grünem Terrain (finanzen.at) | |
22.11.24 |
Pluszeichen in Frankfurt: SDAX-Anleger greifen zum Start zu (finanzen.at) | |
19.11.24 |
Verluste in Frankfurt: SDAX zum Ende des Dienstagshandels mit Abgaben (finanzen.at) | |
19.11.24 |
Schwache Performance in Frankfurt: So entwickelt sich der SDAX nachmittags (finanzen.at) | |
14.11.24 |
Optimismus in Frankfurt: SDAX beendet den Donnerstagshandel in der Gewinnzone (finanzen.at) | |
14.11.24 |
Pluszeichen in Frankfurt: SDAX bewegt sich am Donnerstagnachmittag im Plus (finanzen.at) |
Analysen zu Wacker Neuson SEmehr Analysen
29.11.24 | Wacker Neuson Buy | Warburg Research | |
28.11.24 | Wacker Neuson Hold | Jefferies & Company Inc. | |
25.11.24 | Wacker Neuson Buy | Hauck Aufhäuser Lampe Privatbank AG | |
15.11.24 | Wacker Neuson Buy | Hauck Aufhäuser Lampe Privatbank AG | |
14.11.24 | Wacker Neuson Hold | Warburg Research |