Mishma Chakanyuka, Staff Writer 
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 parties”.
“The group will follow through on its strategy to position itself as a one-stop shop for equipment, parts and service,” chairman Godfrey Manhambara said in a statement accompanying results.
After the termination of the dealership, Barzem was rebranded Tractive Power Solutions (TPS).
“During the transition from Barzem to TPS, the group has secured affiliations and accreditations with key suppliers to be able to continue looking after our major customers’ huge fleet from an earth-moving equipment perspective.
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