05.11.2012 Caterpillar Logistics Changes Name to Neovia Logistics Services
Caterpillar Logistics Services has changed its name to Neovia Logistics Services. Private equity firm from Los Angeles Platinum Equity bought 65% of Caterpillar Logistics Services for $750 million, leaving only 35 percent to Caterpillar.
The name "Neovia" translates to “a new path.” The sale will not impact Cat brand products distribution, which will remain a core business as part of Cat Logistics.
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