News / New chapter opens as Caterpillar finally quits logistics sector with sale of Neovia

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By Gavin van Marle

15/10/2014

Giant US heavy machinery manufacturer Caterpillar has finally exited the logistics market after selling its stake in its former in-house logistics business.

Caterpillar retained a 35% stake in Neovia Logistics, formerly known as Caterpillar Logistics, when 65% was sold to investment firm Platinum Equity in July 2012. This week the two shareholders agreed to sell Neovia to a Goldman Sachs investment fund and investment funds affiliated with private equity house Rhône Capital.

The acquisition, for an undisclosed amount, is expected to completed in ...

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Caterpillar Neovia Takeover Talk

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