Tuesday, December 1, 2020
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Buy used, not new

No one takes a light approach to buying a piece of large equipment, nor should they. The right piece of equipment for any construction business requires a significant amount of due diligence before putting out thousands, sometimes even hundreds of thousands of dollars, to acquire the best machine for the job.

Traditionally, there are three avenues available for securing large equipment for commercial construction. Renting is popular for short-term and job-specific needs. Leasing is an option for intermediate uses where the machine is necessary for an indeterminate period and the costs can be absorbed in the project, then returned when the term expires. Outright ownership is still the most common means of controlling equipment and usually has the highest rate of return in the commercial construction business.

While choosing between renting and leasing machinery, the decision is normally made on a case-by-case basis. However, the decision to purchase and own a piece of construction equipment depends on the vision of what value it brings to the company. Every construction business works to increase their profits while keeping overhead and maintenance low. With this comes an attachment of value to each piece of equipment, and that stems from the benefit it provides for the job it’s required to do.

Purchase price

Most people think the number one reason to buy used large equipment is to save money. Without a doubt, the price tag on a used piece of machinery is going to be less than a comparable new one. The cost of a new machine could equal or exceed the cost of two or more used pieces of equipment, depending on availability and demand. The savings in buying used may also be transferred to purchasing a higher caliber of machine that would be out of reach if brand new.

Used large equipment often has exactly the same features as new machines fresh off the production line. Little changes from year to year in the benefits that construction equipment offers aside from advances in technology. A five-year-old machine may have some updated computerization features for ease of operation, but it still does the same job at a greatly reduced price. The benefits of new bells and whistles need careful weighing against what truly dictates the value of construction equipment — actual return on investment.

Depreciation

Like all mechanical commodities, heavy construction machinery suffers a significant rate of depreciation. That’s usually in its first year and can run from a minimum of 20 percent all the way up to 40 percent. This is inevitable in the construction equipment business and is something that adds great value to purchasing a used machine.

Be aware that depreciation schedules for used large equipment aren’t linear. That means resale values won’t depreciate at the same rate over the same time period. After the initial 20 to 40 percent hit on depreciation, heavy equipment values remain relatively stable for years out. A 10-year-old machine may retain the same value as one that’s half its age, and so forth.

When buying a machine that’s used, it may provide years of service at a much greater return on the initial investment than a new one and retain its value for years to come. That’s provided, of course, on other factors like the machine’s maintenance condition and the law of supply and demand.

What makes a Lyon Auction unique is that all of the equipment is in the same location. Companies are able to liquidate a large fleet of vehicles in a single auction. Lyon Auction is able to help well-known companies from the conception to the conclusion of the auction. This makes it headache-free and as enjoyable as possible for both the seller and buyer. If you have any questions, feel free to contact us, we’re listening!

Last week we talked about the importance of purchase price and depreciation. Today we want to talk about seller reputation, manufacturer and equipment age.

Seller Reputation

Who the dealer or handler of used construction equipment is plays another prominent role in setting the machinery’s value. Reputable dealers stand behind their inventory, including the used equipment they’re offering for sale.

Transparency in the equipment’s history, including who the previous owners were along with service records, brings a valuable peace of mind to the market. Reputable dealers will also add value by backing up everything they sell with some level of warranty support and return policy.

Reputation extends to the equipment’s former owner as well. The construction industry can be a small family at times, and the reputation of who previously owned the large equipment carries much weight in assuring a prospective buyer that the machine was properly operated, serviced and cared for.

On the other hand, equipment once held by a questionable owner may see its value degraded. The perception of poor maintenance and rough handling sends a risk message along with its asking price. This almost always results in a lower price or longer sale.

Manufacturer

Another major factor in determining the value of used large equipment is the manufacturer. Many construction business owners will only buy one or two particular makes of equipment, and brand loyalty reflects in annual sales in used machinery as well as in new large equipment. Equipment owners are often willing to pay more for a brand name that they’ve had good results with and are satisfied with the brand’s performance and retention of value.

Brand loyalty significantly reflects in used large equipment sales. The name often implies built-in quality and reliability. It’s no surprise the manufacturer’s reputation plays a key role in determining the price of used construction equipment.

Equipment age

One of the first things that comes to a buyer’s mind is the age of the used large equipment. What year was it built in? How old is it? How long has it been around? These are all the same valid question, but the answer is not truly in calendar numbers, it’s in hours of operation.

The amount of use is the primary consideration in evaluating price in relationship to the machinery’s physical age. After discounting depreciation, two identical pieces of equipment of the same age can vary widely on their asking price and actual value. They might both be old, but the unit with the lowest number of operating hours will command a higher price, especially if it’s well maintained.

While age is a factor in determining machinery value, it’s not as important as the machinery’s mechanical condition and appearance.

What makes a Lyon Auction unique is that all of the equipment is in the same location. Companies are able to liquidate a large fleet of vehicles in a single auction. Lyon Auction is able to help well-known companies from the conception to the conclusion of the auction. This makes it headache-free and as enjoyable as possible for both the seller and buyer. If you have any questions, feel free to contact us, we’re listening!

Traditional Vs. Modern Auctions

Traditional Vs. Modern Auctions

Do you consider yourself a traditional person or a modern one? Maybe you follow traditions and have adapted into modern ways. This is similar to auctions, traditionally you go to a location and look for what you want and bid for the best price. A modern way to do this is online, it’s the same principle just at a more convenient location for you; your home. 

It’s time, you have been holding out as long as you can but you really need new heavy equipment. Not sure which option for shopping is best for you? Keep reading to find out which type of auction is best for you. 

Traditional Auctions 

Are you the type of person who likes to touch and see before you buy? Do you enjoy driving and experiencing the culture of an auction? This is a good idea if you are looking for heavy equipment because you can test drive the equipment before buying. You can also check out the equipment to make sure it runs properly. If you know a trustworthy mechanic, you can bring them along and have them check out the machinery. 

Another thing to note about traditional auctions is that it’s often quicker. If you are looking to buy something right away, this is a good idea. You can close the sale in one day! It also gives you the opportunity to talk face to face with the seller. You can talk to them, get to know them and learn how they cared for their heavy equipment! Nobody wants to buy faulty equipment. 

Modern Auctions

Life is busy, you work, have a family and try to make time for yourself. This a good reason you might want to look into online equipment auctions! The whole process is done at your convenience, whether it be at your home or during your breaks at work. Items are usually on the site until it has been sold! You won’t waste hours sitting there, you can place a bid and walk away to continue working. Just be sure to set your notifications, in the event someone outbids you, a notification will be sent to your smartphone! If you rely on a smart watch it can also appear there as well! 

If you are using online equipment auctions you will also have access to more equipment because there are people selling from all over the United States or world! This can also take away any fear you might have from a live auction, get used to auction culture before diving straight in!

 All auction companies require maintenance records so a potential buyer will know what kind of maintenance has been done in the past. Remember to ask for this when looking for the right heavy equipment for you. If this is unable to be provided, be sure to speak with the seller and ask about it! 

If you still aren’t sure if a traditional or modern auction is best for you, you can start by looking at any fees associated! If you are considering online equipment auctions, know that you are responsible for all the shipping and handling fees. Think about how you will be transferring your heavy equipment after it’s been bought! 

Here at Lyon Auction we make it convenient for sellers and buyers! We help you from start to finish to ensure a smooth sale all around. If you have any questions, contact us today! 

Financing Heavy Equipment

Financing Heavy Equipment

Can you believe it? This decade is two months from ending! With that being said, have you thought about how you are paying for your new heavy equipment? If you have not, no worries, we are here to help you! Did you know that there is construction equipment financing? We’ll tell you about financing and what to look out for. 

First things first, there are things you have to be aware of! Here are five things you should not just believe, do your research first. The first one is that financing rates start at 4 percent. Although it can be true, it’s VERY rare. Companies are quick to mention the lowest rate possible but not mention a more realistic rate. The second tip we have for you is to make sure the quoted price is the actual price you are paying. The chances of you paying what was quoted is dependent on your credit score. The higher the score the lower your rate is. 

The third tip we have for you is to do your own research, make sure the seller is who they say they are. It’s common that they tell you they own equipment when in reality they don’t and they just want your money. One good way to determine this is looking through company reviews. Next, the fourth tip is to thoroughly read your contract! This can not be stressed enough, look for hidden clauses that say that your contract will automatically roll over for a year. 

Last but not least, don’t believe everything you read. “Leasing is better than renting” is not true! Every heavy machine is different, research and talk to the seller. 

If you are not sure if you want to finance a heavy machine, you might want to look into leasing. The biggest difference is that the ownership. If you have an equipment lease, you are renting business equipment and paying a monthly payment. During the time of your lease, you do not own the equipment. Construction equipment financing is taking out a loan which helps you pay off the equipment. After you pay off your loan, the equipment is yours. 

Are you the type of person who likes to own things? If you answered yes, construction equipment financing is perfect for you! A good place for you to look for financing is a traditional lender, which is a bank. This is a good option because they have good rates and terms compared to online lenders. 

A good way to get large equipment is with good credit, it means you will have lower interest rates. Also, a large down payment would help! Are you a new business with no credit score? Here are tips for financing large equipment. Get references, it shows that you and your business are trustworthy. You can also show off how much money you make, if your bank account shows that your net income is twice as much as the payments, this will give lenders more of a reason to trust you. If you do have credit, but it just is not good, you should save up and put down a larger down payment, this can sometimes help the lender believe that they will get their money back. 

So you have made your mind up, you want to finance. But are you wondering if all equipment can be financed? Below is a list of machinery that can be financed.

  • Bulldozers 
  • Skid steers
  • Jackhammers
  • Compressors
  • Concrete equipment 
  • Cranes
  • Drills
  • Forklifts
  • Farm Equipment 
  • Forklifts
  • Generates
  • Grinders 

Online Equipment Auctions

How often do you use your smartphone to shop? Be honest, we know it is  often which is understandable because you can do anything from your smartphone! From shop to browse and even pay bills! Is your business in the market for used heavy equipment? You should consider online equipment auctions

There is  nothing more exciting than attending your first auction, but with it being the busiest time of year,  you might not have the time to do so. But with technology you can make bids during the couple minutes of downtime you have. It is  a faster and more efficient way to get heavy equipment for a low price.

Preparing for online equipment auctions 

The first thing you should do is read the auction policies! Often times you are asked to register online before the day of the auction. The way companies verify you as a buyer is through your credit card. After you are signed up and you want to bid, the seller needs to approve you before you can start bidding, so be sure to not register last minute! It is important that you understand the policies regarding money and shipping. Every auctioneer is different! 

Once you are registered and ready to go, take some time to look up the items you are interested in and get a good idea of how much you should be paying. Set a maximum price you are willing to spend to help you from over spending. 

There will be a lot of price tags thrown at you when online bidding, be sure you understand the costs! You should know that the final bid price, is not the total amount of money coming out of your wallet. At online equipment auctions expect to pay a premium which pays the administrative fees. Typically they range from 10 percent to 25 percent. Another cost you should consider is shipping as well as a removal fee. If the equipment is too large it is  common that sellers charge a removal fee. Also, be aware of any taxes or import fees that come your way. 

When you are researching which online company to go with, you should review the company’s history and reviews. You want to avoid any scams by shopping at a reputable company. Lyon Alex & Sons is a family business that’s known for their loyalty and integrity. 

Tips for online equipment auctions 

Pay attention to the item that is  receiving the most bids. This can be an indicator on which equipment is the best bang for your buck. 

You should also avoid having any round bids. You are more likely to get what you want by setting your maximum at $251.24 rather than just a flat $200. 

Before purchasing any equipment, be sure to ask for the maintenance records. This will inform you of the equipment past and if there are any ongoing problems that need to be fixed. 

When you are making bids online, remember to turn your notifications on so you know if someone outbids you! This way you can place a new bid immediately. 

What makes Lyon Auction unique is the wide variety of brands and equipment all in one location. Companies who are looking to liquidate a large fleet in one single auction or if you are looking to buy, Lyon Auction is the perfect place for you. Our company prides ourselves in providing stress-free buying and selling. If you have any questions, feel free to contact us or check out our upcoming auctions and online bidding

A seller’s preview for Orlando 2020

Ritchie Bros. Orlando yard full of equipment

Sell where the equipment world comes to buy.

Global buyers flock to Orlando because we know how to attract the largest, most competitive bidding audience to our auctions – and get you the best returns possible. Our upcoming Orlando auction in February (17-22) promises to be a global event where you can get the best prices for your equipment. Here’s a look at what to expect at Orlando 2020.

Top 5 reasons to sell at Orlando 2020

1. More buyers, better results – Our auctions attract thousands of local, national and international buyers from all different industries, both end-users and dealers. And because we offer onsite and online bidding – including PriorityBid, which allows people to bid online up to a week before the auction – you reach every potential buyer. More buyers and more ways to bid means better results for you.

2. Maximum value from end-users – We attract buyers from areas of high demand around the world – meaning you get the best returns on auction day. And most of the buyers at our auctions are end-users–they’re motivated to buy and will usually pay more to get the equipment they need.

3. Local service, global reach – You can count on unparalleled customer service from your local reps who know your industry and your market. And with our global marketing and auction network, we can help you reach buyers from around the world.

4. More money to spend – Financing is great for buyers, and good for sellers, too. Ritchie Bros. Financial Services has pre-approved our customers for over $1.6 billion in financing in 2018–giving bidders more purchasing power on auction day.

5. Proven results – We’ve sold over $3.4 billion of equipment in Orlando for thousands of satisfied sellers. No other company has a track record like that.

Construction equipment on the Ritchie Bros. ramp at Orlando

Top buyer markets at Orlando.

It’s not an understatement to say we welcome the world to Orlando. Last year we welcomed close to 16,000 bidders from 86 countries, and with over 70% registering to bid online. Here’s the top regions from Orlando 2019 where demand was the highest:

Top 5 International Regions

Mexico
Australia
United Arab Emirates
Colombia
Ecuador

Top 5 Local Regions

Florida
Texas
Georgia
California
Pennsylvania

Volvo to sell Gold Rush Excavator for charity in Orlando

All proceeds being donated to Building Homes for Heroes & Habitat for Humanity

Volvo EC200E excavator.

To celebrate the 10th season of Gold Rush on Discovery Channel and its new EC200E crawler excavator, Volvo has donated a special gold-painted EC200E to be sold in Ritchie Bros.’ massive February 2020 Orlando auction, with all proceeds donated to Habitat for Humanity and Building Homes for Heroes.

“Volvo CE wants to support groups that build and modify homes for families who need assistance, so they can have a safe home and a better tomorrow,” said Dave Foster, vice president, marketing and communications, Volvo Construction Equipment Americas. “The volunteers at these organizations give their time and talents, outside of their daily jobs, because they are committed to helping others have one of the most basic human needs: a safe, comfortable place to live.”

Gold-painted prize autographed by Gold Rush stars

Discovery’s Gold Rush

Volvo excavators have been reliable workhorses for Gold Rush teams from the beginning. Volvo’s newest model, the EC200E — the same model as the golden excavator — offers a maximum digging reach of 32 feet 9 inches, a maximum digging depth of 22 feet 3 inches, and a lifting capacity of 16,138 pounds, making it ideal for the rugged work the Gold Rush teams complete each day.

The Gold Rush excavator is currently touring across Volvo CE dealerships in the U.S. and Canada. Highlights on this unique machine include a paint job with millions of bits of mirror, custom-made gold track pads, and a unique embroidered leather seat with the Discovery Channel and Gold Rush logos, as well as signatures of the show’s stars.

Vote online for selected charities

Excavator selling in Orlando

The Gold Rush Excavator will be auctioned at the Ritchie Bros. Auctioneers event in Orlando during the auction February 17-22, 2020. Each of the non-profit organizations will receive a portion of the proceeds, based on number of votes. To cast your vote, go to http://www.discovery.com/GiveBig.

Here’s a little more info about the charities:

  • Building Homes for Heroes — For five consecutive years, Building Homes for Heroes has met the goal of gifting, on average, one home every 11 days to injured veterans and their families across the United States. Above and beyond building homes, the nonprofit helps veterans reach dreams they never imagined, when injured, including finding employment and starting new businesses, winning gold medals in the Warrior and Invictus Games, pursuing higher education, and conquering the world’s toughest terrain on the highest mountains, plus so much more.
  • Habitat for Humanity — Driven by the vision that everyone needs a decent place to live, Habitat for Humanity works in local communities across all 50 states in the U.S., and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. With the help of volunteers Habitat homeowners contribute sweat equity to build their own homes, and they pay an affordable mortgage.

Construction Equipment Investment to Grow in 2020: Report

Investment growth in construction equipment should “increase moderately” in 2020, according to a new report from the Equipment Leasing & Finance Foundation. Citing an increase of 4 percent in the third quarter over the same period in 2018, the Foundation says its Construction Machinery Momentum Index points to “modest growth in construction machinery investment growth over the next two quarters.”

The forecast is part of the Foundation’s 2020 Equipment Leasing & Finance U.S. Economic Outlook. The report calls for overall investment in equipment and software to grow 1.1 percent over 2019.

After decelerating over the course of 2019, the U.S. economy is poised to soften further in 2020, the Foundation said in announcing the release of the report. The Foundation suggests “several headwinds” will continue to drag down business confidence and investment in early 2020.

“After robust growth in 2018, equipment and software investment slowed markedly throughout 2019 and contracted in the third quarter as the effects of unresolved trade tensions and a slowing global economy took hold,” said Foundation chair Scott Thacker in a prepared statement. “However, a strong labor market and still-confident U.S. consumer base should keep the broader economy above water, even as investment in several key equipment verticals slows or remains weak.”

The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is included in the report, tracks 12 equipment and software investment verticals. In addition, the Momentum Monitor Sector Matrix provides a customized data visualization of current values of each of the 12 verticals based on recent momentum and historical strength.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook, and key economic indicators. The report will be updated quarterly throughout 2020.

Source: Equipment Leasing & Finance Foundation

Cat Certified Used

Used Cat 980M

Comprehensive Inspection

Every used machine must pass a comprehensive 140-point inspection. If any issues are identified, our team of highly-trained technicians will service it using only genuine Cat parts. Plus, they’ll complete the most recent maintenance, so you don’t need to worry about changing oil or filters until the next interval.

Service History

Many machines come directly from our protected rental fleets, so you’ll know exactly how your machine was maintained with a documented service history and you can make an informed decision before you buy. Having the complete service record in hand can even help you earn a higher resale value when you’re ready to sell.

Cat 988K

Up to 5 Years Old

Late-model machines deliver high-quality and reliability with many of the same technologies and features as today’s models. Even though you’re buying used, you can still take advantage of new machine benefits like higher productivity, better fuel efficiency, and greater comfort.

Extended Protection

Our Cat Certified Used standard includes a Caterpillar Equipment Protection Plan (EPP) that covers more than 70 powertrain and hydraulics components to extend your protection beyond the original factory warranty and help you reduce repair costs.

Good-as-New Certification

For a used machine to earn the Cat Certified Used brand, all systems and components must be rated “Good” by a trained inspector on a Caterpillar standard used inspection form. This means the machine has no leaks, no visual damage, no mechanical or system issues, no excessive wear, and no safety issues.

Volvo CE Opens Certified Used Center at Hoffman Equipment

Volvo Construction Equipment (Volvo CE) continues to take the guesswork out of buying used machines with the opening of a new Volvo Certified Used Center in New Jersey. The company has partnered with Hoffman Equipment to establish a Volvo Certified Used Center in Deptford, New Jersey that will serve the Northeast and Mid-Atlantic regions. It’s Volvo CE’s third Certified Used Center, and it follows the opening of centers in Nevada and Michigan over the course of the last 16 months.

Volvo CE and its dealer network intend to provide customers with the best equipment lifecycle values in the construction industry. The Certified Used Centers enable Volvo CE to raise the value of machines into their second lives, when they enter the used market, by working with dealers to provide equipment to customers that has been thoroughly inspected and certified, offering an alternative to the auction market. All of the machines sold at the Used Centers are Volvo-owned machines that were previously under lease.

“With the addition of Hoffman Equipment, we’re able to expand the Volvo Used Center network to the Northeast and Mid-Atlantic so that customers in these regions have easy access to our used inventory, and have assurance that the equipment they are purchasing from Volvo is at a price  that reflects its true condition,” said Ryan Sherwood, vice president, retail development at Volvo CE. “Hoffman Equipment is a relatively new Volvo dealer, but the company has a long and proven record of technical service capabilities that makes it an ideal match for this program.”

At these centers, off-lease Volvo equipment undergoes a rigorous 140-plus point inspection from certified dealer technicians and is refurbished to OEM standards using genuine parts. All factory updates are completed, and the machines are packaged with a 6 month/1200 hour Powertrain warranty to become Volvo Certified Used. The certified machines also come with a free one-year subscription to the ActiveCare Direct telematics service and they also qualify for Volvo’s lifetime frame warranty. Certified Used machines are eligible for financing through Volvo Financial Services.

“Our customers can be 100% certain that the final product coming out of our shop will be exactly as promised in the inspection report. The machines will have been tested, with software updates completed and components reconditioned using genuine OEM-approved,” said Tim Watters, president of Hoffman Equipment. “We have dedicated a tremendous amount of resources, including a super-talented team of technicians, to ensure that this equipment is delivered to the marketplace ready to work hard and reliably into a long and productive ‘second life.’”

The range of used equipment includes Volvo articulated haulers, excavators and wheel loaders. All Volvo Certified Used equipment can be viewed online, including the complete 140-plus point inspection reports, at volvousedce.com.

Volvo plans to open several more Certified Used Centers across North America in the future.

Zeppelin Group Now Also Represented in Northern Europe

Takeover of the distribution and service of Cat products in Sweden, Denmark and Greenland, as well as distribution and service of MaK engines in the Baltic region, Finland, Iceland and the Faroe Islands by the Zeppelin Group has been approved by the supervisory authorities

The Zeppelin Group continues to expand, and is developing its partnership with Caterpillar. On 01/01/2020, Zeppelin has also taken over the distribution and service of machines and components by the US American construction machine manufacturer Caterpillar in Sweden, Denmark and Greenland. The portfolio also includes drive, propulsion, traction, and energy systems, as well as machine and equipment rental. For the engine brand MaK, in addition to Sweden, Denmark and Greenland, the Zeppelin Group is also taking over distribution and service for engines and energy generators in the Baltic states (Estonia, Latvia and Lithuania), Finland, Iceland and the Faroe Islands. The transaction has been approved by the European supervisory authorities.

Zeppelin is pursuing a solid, long-term growth strategy, and sees a lot of potential in the new distribution and service territories. The machine population will be consistently expanded in these markets, and the spare parts and service business will be strengthened with an excellent service concept. Another focus is the development of a strong rental organization as well as the advancement of the used machines business.

“We are looking forward to continuing the success story of the Zeppelin Group with our new northern European colleagues and our long-standing partner Caterpillar. We will now also offer customized solutions for our customers in northern Europe,” commented Peter Gerstmann, Chairman of the Management Board at Zeppelin GmbH, upon successful completion of the transaction.

Andreas Brand, Chairman of the Supervisory Board of Zeppelin GmbH and Mayor of the City of Friedrichshafen, continues: “The success of Zeppelin is based on the motivation and passion of its employees. This has made the Zeppelin Group the world’s largest and most successful distribution and service partner for Caterpillar.”

As part of the contractual arrangements, the assets necessary for business activities will be transferred from the Dutch consortium Pon to Zeppelin.
Existing employment relationships with the approximately 800 Pon employees will also be taken over by Zeppelin.

As part of the expansion, the Zeppelin Group will also be rearranging its Strategic Business Units (SBUs). In the new distribution and service territories, construction and mining equipment will be managed in a separate SBU under the name Construction Equipment Nordics. Management of this SBU and of the new group companies in Sweden and Denmark will be taken over by Volker Poßögel, who was previously manager of the Power Systems business unit.

In addition to the distribution and service partnership with Caterpillar, Zeppelin will also integrate the SITECH companies in Sweden and Denmark. They specialize in the distribution and service of products by the US technology company Trimble. Trimble is the leading manufacturer of machine controls, GPS navigation systems and fleet management systems worldwide, offering both hardware and software for construction planning and managing integrated construction processes.

Another component of the transaction is that Baltic Marine Contractors (BMC), based in Tallinn, Estonia, and currently part of Pon, will be transferred to Zeppelin. This company bundles the distribution and service activities for the brand MaK, under which premium marine engines and large gas engines for energy production are offered. In the future, Zeppelin will manage the distribution and service of these motors not only in Sweden, Denmark and Greenland, but also in the Baltic states (Estonia, Latvia, Lithuania), Finland, Iceland and the Faroe Islands.

US company Caterpillar Inc. is the leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives in the world. Caterpillar sells its products in different countries and regions via independent sales and service partners (dealerships).

Zeppelin has been active in the distribution and service of Caterpillar construction and mining equipment, as well as Cat and MaK engines, since 1954. Over the years, the Group has continuously expanded its sales and service territory as well as its portfolio of products and services. Today, Zeppelin offers these products and services not only in Germany, Austria, the Czech Republic and Slovakia, but also in much of the Russian Federation, in Ukraine, Turkmenistan, Uzbekistan, Tajikistan, Armenia and Belarus.