Zimplow regrouping after Caterpillar exit

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ZIMPLOW says it is reorganising its business after its distribution deal with leading earth-moving equipment brand, Caterpillar, was terminated last year, resulting in a $1,25 billion loss compared to a $1,49 billion profit in 2021. The group’s Barzem subsidiary exited the Caterpillar distributorship on September 30, 2022, due to “changes in strategic direction by both…