Caterpillar Logistics Services Follows "New Path" as Neovia
November 2, 2012
Caterpillar Logistics Services, a Platinum Equity portfolio company, has a new name and corporate brand identity: Neovia Logistics Services. Neovia, which translates to "a new path," provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries, specializing in service parts logistics. Platinum Equity acquired a majority stake in the company from Caterpillar (NYSE: CAT) in a $750 million transaction back in July. Caterpillar continues to hold a 35% interest in the company.