Energyst dissolved and split between Cat dealers

18 December 2020

Energyst Rental Solutions is being broken up and taken over by four Caterpillar dealers in Europe.

Zeppelin Group has acquired the German and Swedish operations, Pon Equipment and Pon Power will take on the activities in Benelux and Norway, while Finning has acquired Energyst’s operations in the UK and Ireland. Finanzauto takes the Spanish and Mediterranean activities.

No caption available

The split up of Energyst, which had been one of the largest power and temperature control rental companies in Europe with annual revenues of around US$97 million, comes nine years after the business was created by a joint venture between Caterpillar and Caterpillar dealers in Europe.

The restructuring means that the rental activities will be split between four of Cat’s largest dealers in Europe.

Peter Schrader, Managing Director and COO of Zeppelin Rental GmbH, said; “For us, the expertise of Energyst and the range of generators, transformers, load resistors, air coolers, ventilation and cooling systems, air and space heating systems as well as heat pumps in high performance classes represent an optimal addition to the existing competencies.

“With this decision, we are again securing important competitive advantages and are expecting further growth initiatives for our rental business in the medium term.”

The businesses in Sweden and Germany comprise 40 employees at four locations in Germany (Hamburg, Frankfurt, Duisburg, Leipzig) and two in Sweden (Gothenburg and Stockholm). Energyst has four depots in the UK and one in Ireland.

The activities of the two companies acquired by Zeppelin will continue to operate under the Energyst Rental Solutions name. It is not known if the brand will also be retained by the other Cat dealers involved in the transaction.

Energyst was originally created by pooling the power rental activities of multiple Cat dealers in Europe to create a single power entity. Energyst also expanded beyond Europe for a time, renting power to Chile’s mining sector five years ago.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Fifth IAPA judge announced
Pedro Torres, CEO of Riwal, takes the final judging place ahead of the March 2024 event 
French rental survey finds growth, but trend is down
DLR survey reports year-on-year growth, but that’s not the full story
Select Plant targets diesel reduction in Australia
Company investing in hybrid and solar technologies
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: lewis.tyler@khl.com
CONNECT WITH SOCIAL MEDIA