Do You Know That Caterpillar Logistics Services Becomes Neovia Logistics Services - Yes now Caterpillar Logistics Services changed its name and has a new name, namely Neovia Logistics Services.
Just as the Caterpillar Logistics Services, Neovia Logistics Services provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries.
Platinum Equity, one of the private equity firm that is currently based in Los Angeles, America gained a majority interest in the company from Caterpillar Inc. in July. Caterpillar retains 35 percent stake.
"The new name, which translates to 'a new path,' and our brand mark expresses our forward-thinking culture as we set off on that path," said Neovia CEO Jos Opdeweegh "The new visual identity, in which multiple geometric shapes are brought together in a simple, unified icon symbolizes the agility, flexibility and problem-solving capabilities the people of Neovia bring to our customers."
The company currently specializes in performing Services in logistics, and provides solutions in the field of maintenance, repair and operations (MRO), manufacturing and logistics.
"Neovia has a strong management team with a clear and compelling vision for the future," said Platinum Equity Partner Jacob Kotzubei. "The company has a long tradition of providing outstanding service to customers in multiple industries around the world. Our long-term plan is to help Neovia expand its service offering and further diversify its reach. We are excited about the prospects for the business and are committed to helping it achieve its full potential."
Neovia currently has an extensive global reach with about 97 facilities and employees in 25 countries. The business was first established by Caterpillar in 1986.
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