What STET does

STET — Sociedade Técnica de Equipamentos e Tractores, S.A. — is the authorized Caterpillar dealer for mainland Portugal, the Azores, Madeira, and Cabo Verde, operating as a core subsidiary of the Luxembourg/European-based TESYA Group. Founded in 1961 and headquartered in Prior Velho (Lisbon), STET distributes the full Caterpillar heavy-equipment line (excavators, wheel loaders, bulldozers, articulated trucks, compactors, pavers, and power systems) along with complementary brands Sandvik (mobile and fixed crushing/screening), Pronar (recycling/material handling), and MAGNI (telescopic handlers). The company serves thirteen industrial verticals — construction, mining, quarrying, forestry, marine, agriculture, cogeneration, electric power, paving, demolition and recycling, waste, landscaping, and OEM solutions — through seven physical branches and a marine-agent network across Portugal.

The company's offering is a full equipment lifecycle stack: new and used equipment sales, short- and long-term rentals (minimum one-month terms, with usage caps and excess-hour charges), new/remanufactured/used parts, certified Cat® rebuilds, hydraulic cylinder remanufacturing, fluid analysis, fault diagnosis, technical inspections, and Cat Financial-backed financing. Technology offerings are predominantly Caterpillar- and Sitech-provided (Cat® Compact, CAT® Grade, CAT® Payload, CAT® Detect, VisionLink® telemetry, Sitech machine control) and are surfaced to customers via a proprietary web portal (cportal.stet.pt) for fleet telemetry, parts ordering, and warranty administration. STET additionally operates a DGERT-accredited training academy (since 1998) with Caterpillar Excellence in Service Training certification, delivering operator and mechanic courses.

Revenue mechanics combine one-time equipment sales (typically with 20% deposit and 80% pre-delivery payment terms), recurring rental subscriptions, transactional parts and service revenue priced from official lists, and annual Customer Value Agreement (CVA) maintenance contracts. STET targets enterprise customers across the industrial value chain via direct field sales through its branch network and channel partners (marine agents, regional dealer PaulosAuto). Registered share capital is 3,979,660 EUR; the company is privately held within TESYA Group, an international conglomerate operating 24-28 companies across 15 countries with ~3,400-4,000 employees, ~1.3 billion EUR in net invested capital, ~32,000 rental fleet units, and ~116 locations.

Name

STET

Legal name

STET - Sociedade de Equipamentos e Tractores, S.A.

Website

https://stet.pt

Company type

Private

Founded year

1961

Operating status

Operating

Short description

STET is the authorized Caterpillar dealer for Portugal and Cabo Verde, distributing heavy equipment, power systems, and complementary Sandvik/Pronar/MAGNI lines alongside rental, parts, certified rebuilds, financing, and DGERT-accredited training across thirteen industrial verticals.

Ownership category

akta.pro rank

Product category

Heavy Equipment Distribution and Aftermarket Services

NAICS

Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing (53241), Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310), Other Commercial and Industrial Machinery and Equipment Rental and Leasing (532490)

SIC

Construction Machinery & Equip (3531), Construction, Mining & Materials Handling Machinery & Equip (3530), Services-Equipment Rental & Leasing, Nec (7359), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Lifting & Hoisting Rental & Leasing (IMAHAJAN)

akta.pro secondary industry

Crane & Hoist Installation, Inspection & Maintenance Services (IMAHAJAM)

Keywords

• Heavy equipment distribution
• Construction machinery dealer
• Equipment rental services
• Mining equipment supply
• Power systems distribution

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Sales: Sale of new and used heavy equipment including excavators, loaders, trucks, compactors, and specialized machinery from Caterpillar, Sandvik, Pronar, and MAGNI brands. Also includes used and certified rebuilt equipment.
2. Parts Sales: Sale of new, used, and remanufactured spare parts and accessories. Parts include engine components, hydraulic parts, undercarriage, andAttachments. Remanufactured parts use exchange system with customers returning used components.
3. Equipment Rental: Rental of equipment without operator, with minimum contract duration of one month. Rental includes maximum usage limits (8h/day, 40h/week, 160h/month) with additional charges for excess usage.
4. Technical Services and Repairs: Comprehensive technical support including maintenance contracts (Customer Value Agreements), repair services, technical inspections, fault diagnosis, fluid analysis, cylinder rebuilds, and certified rebuilds for Caterpillar equipment.
5. Financing Services: Financial solutions through Cat Financial and other partners, offering equipment financing, extended warranties, and payment plans.
6. Training Services: Professional training programs for operators and mechanics covering equipment operation, safety, configuration, and maintenance. Certified training entity since 1998 with Caterpillar Excellence in Service Training Certification.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

STET is the authorized Caterpillar dealer for Portugal and Cabo Verde, selling, renting, and servicing a broad portfolio of heavy equipment (excavators, wheel loaders, bulldozers, articulated trucks, compactors, pavers, marine engines, generator sets) plus complementary Sandvik crushing and screening equipment, Pronar machinery and MAGNI telehandlers. The company provides the full aftermarket lifecycle: maintenance contracts (Customer Value Agreements), certified rebuilds, remanufactured and new parts, technical inspections, fluid analysis, fault diagnosis, hydraulic cylinder rebuilds, operator and mechanic training, Cat Financial-backed financing, and a web-based Customer Portal for fleet and account management.

Product overview

STET (Sociedade Técnica de Equipamentos e Tractores, S.A.) is the authorized Caterpillar dealer for Portugal and a member of the TESYA Group, providing a comprehensive portfolio of heavy equipment, power systems, and related services. The core product portfolio includes Caterpillar machines (excavators, wheel loaders, bulldozers, articulated trucks, pavers, compactors), Caterpillar attachments and accessories, and Caterpillar Power Systems (engines and generator sets). Additional equipment brands include Sandvik mobile and fixed crushing/screening equipment, Pronar machinery, and MAGNI telescopic handlers. Technology offerings include Caterpillar proprietary technologies: Cat® Compact (compaction), CAT® Grade (grade control), CAT® Payload (load weighing), CAT® Detect (proximity detection), VisionLink® (fleet management/telemetry), and Sitech (excavator technology). Services encompass equipment rental, used equipment sales, maintenance contracts, technical inspections, cylinder rebuild center, fluid analysis, fault diagnosis, remanufactured parts, Cat® Certified Rebuild programs, warranties, and financing. Training services include operator safety training, mechanics training, and forklift certification. The Customer Portal provides a web-based platform for fleet management, telemetry monitoring, parts ordering, and warranty administration. STET serves 13 industry verticals: Agriculture, Cogeneration, Construction, Demolition & Scrap Recycling, Electric Power Generation, Forestry, Landscaping, Marine, Mining, OEM Solutions, Paving, Quarry/Aggregates/Cement, and Waste Industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Caterpillar Heavy Equipment Sale of new Caterpillar heavy machinery — excavators, wheel loaders, bulldozers, articulated trucks, motor graders, compactors, pavers and underground mining equipment — for construction, mining, marine and industrial customers in Portugal and Cabo Verde.
• Caterpillar Power Systems Sale of Caterpillar industrial engines, marine engines, generator sets, generator enclosures and energy systems for continuous, standby or prime power applications.
• Sandvik Mobile Crushing and Screening Equipment Sale of Sandvik mobile crushers and screens for quarrying, mining and recycling applications in Portugal.
• Sandvik Stationary Crushing and Screening Equipment Sale of Sandvik stationary crushing and screening equipment for fixed installations in quarrying, mining and aggregate processing operations.
• Pronar Equipment Distribution of Pronar agricultural machinery, municipal equipment and material-handling equipment in Portugal.
• MAGNI Telescopic Handlers Distribution of MAGNI telescopic handlers, rotating telehandlers and access equipment for construction, agriculture and industrial applications in Portugal.
• Caterpillar Attachments and Accessories Sale of Caterpillar hammers, buckets, quick couplers, thumbs, grapples, rippers, forks, brooms, flail mowers, blades and specialized tools compatible with the Caterpillar equipment range.
• STET Customer Portal Online platform enabling customers to manage their fleet (telemetry, productivity, consumption and alerts), access equipment information, retrieve financial and invoicing documents, order spare parts, coordinate ongoing works, and administer warranties.
• Equipment Rental Rental of Caterpillar and other branded heavy equipment (without operator) across Portugal for periods from 1 to 12+ months, with delivery and pickup available and standard usage limits of 8h/day, 40h/week or 160h/month included.
• Maintenance Contracts (Customer Value Agreements) Annual recurring maintenance agreements covering preventive maintenance, scheduled inspections and parts replacement to keep machines operational and reduce downtime for fleet owners.
• Cat® Certified Rebuild Program Certified Caterpillar reconstruction program that returns worn heavy machines to like-new performance specifications with a new machine warranty at lower cost than a new machine.
• Remanufactured Parts Exchange Program Exchange program where customers trade in used components (engine, hydraulic, undercarriage parts) for remanufactured units at reduced cost compared with new parts.
• Repair Services and Technical Inspections Professional repair services, technical inspections, fault diagnosis, fluid analysis, and cylinder rebuilds carried out by STET's certified technicians for Caterpillar and other equipment.
• Hydraulic Cylinder Rebuild Centre Dedicated cylinder rebuild service exchanging damaged hydraulic cylinders for remanufactured units to minimize equipment downtime.
• Fault Diagnosis Services Expert technical fault diagnosis and troubleshooting support for heavy equipment, providing repair plans and scope definition for customers.
• Fluid Analysis Services Scheduled oil, coolant and hydraulic fluid sampling and laboratory analysis for predictive maintenance and equipment-health monitoring.
• Technical Inspection Services Structured equipment inspections to assess machine condition, identify wear and recommend corrective actions before failures occur.
• New Spare Parts Sale of new genuine OEM spare parts and accessories for Caterpillar, Sandvik, Pronar and MAGNI equipment, including engine components, hydraulic parts and undercarriage.
• Operator and Mechanic Training Programs DGERT-accredited professional training for operators and mechanics covering equipment operation, safety, configuration, MAPS (Machine Application and Performance Seminar), and forklift operational safety.
• Equipment Financing (Cat Financial) Financing solutions from Cat Financial and partners including equipment loans, operating leases, payment plans and extended warranties tied to equipment purchases.
• Extended Warranty Protection Plans Extended protection plans and warranty coverage for equipment beyond the standard manufacturer warranty period.
• Used Equipment Sales Sale of pre-owned Caterpillar and other equipment, including certified-rebuild machines and used spare parts.

Quantifiable outcome

• 65 years of continuous operation in Portuguese market
• +2 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CaterpillarcoreChannel Partner/ Reseller/ DistributorSTET is the official Caterpillar dealer for Portugal (including Azores and Madeira) and Cabo Verde, distributing the full range of Caterpillar equipment including excavators, loaders, trucks, compactors, power systems, and attachments. The partnership includes access to certified rebuild programs, remanufactured parts, and Cat Financial financing solutions.
• SandvikcoreChannel Partner/ Reseller/ DistributorSTET represents Sandvik for mobile crushing and screening equipment and fixed equipment solutions in Portugal, offering complementary equipment lines for quarrying, mining, and recycling applications.
• PronarminorChannel Partner/ Reseller/ DistributorSTET distributes Pronar equipment and solutions in Portugal, including material handling and recycling equipment.
• MAGNIminorChannel Partner/ Reseller/ DistributorSTET represents MAGNI brand for telescopic handlers and rotating forklifts in Portugal, complementing the equipment portfolio for construction and material handling applications.
• Cat FinancialcoreStrategic or Co-development PartnerCat Financial provides financing solutions for STET customers purchasing Caterpillar equipment, offering flexible payment options, operating leases, and financial services that enable equipment acquisitions.
• TESYA GroupcoreStrategic or Co-development PartnerSTET is part of TESYA Group, an international group with 24-28 companies operating in 15 countries. The group provides shared services, brand strength, purchasing power, and operational synergies across its member companies.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zeppelin Group: Zeppelin is the Caterpillar dealer for Germany, Austria, Czech Republic, Slovakia, Hungary, and parts of the Nordics, offering equipment sales, rental, and service. It is a directly comparable peer to STET as a long-tenured, multi-territory Cat dealer with a full-service model.
• Ascendum: Ascendum is a Caterpillar heavy equipment dealer operating across the Iberian Peninsula (Portugal and Spain) and other European markets, distributing Cat machinery, providing parts, service, and rental. It is the most directly comparable peer to STET, sharing the same primary OEM, overlapping Iberian territory, and identical product/service portfolio.
• LOXAM: LOXAM is Europe's largest equipment rental company, operating in over 30 countries with a fleet of aerial, earthmoving, and industrial equipment. It is a comparable peer to STET's rental business, although LOXAM is not a Cat dealer and is more focused on general equipment rental than OEM-tied distribution.
• Finning International: Finning International is the world's largest Caterpillar dealer, operating across Canada, the UK, Ireland, and South America with equipment sales, parts, service, and a large rental fleet. It is a direct peer to STET in business model — exclusive Cat dealership with diversified equipment, parts, and service revenue streams.
• SMT Group: SMT Group is a Caterpillar dealer serving multiple European countries (Belgium, France, Netherlands, Poland, UK, and others) with sales, rental, and service of heavy equipment. It is comparable to STET as a multi-territory Cat dealer with a similar mix of equipment sales, parts, and after-sales services.
• Toromont Industries: Toromont Industries is a Caterpillar dealer serving Eastern Canada and parts of the US, with equipment sales, rental, and comprehensive service operations. It is comparable to STET as a publicly listed Cat dealer with a multi-decade exclusive territory and similar customer verticals (construction, mining, forestry, power systems).
• Bergerat Monnoyeur: Bergerat Monnoyeur is the Caterpillar dealer for France, Belgium, Luxembourg, and Algeria, distributing heavy equipment and providing parts, service, and rental. It is a direct peer to STET in Europe, with a similar long-standing exclusive Cat dealer relationship and broad construction/mining customer base.

Regional players

• Herc Holdings: Herc Holdings is a US-based full-service equipment rental company operating a fleet of aerial, earthmoving, and industrial equipment. It is comparable to STET's rental operations as a regional equipment rental provider, though it does not operate in Portugal or Europe and is not tied to Caterpillar as a primary OEM.

Broad incumbents

• United Rentals: United Rentals is the world's largest equipment rental company, operating ~1,500 locations with a broad fleet of aerial, earthmoving, and specialty equipment. It is comparable to STET's rental operations as a broad incumbent in the equipment rental space, though it is geographically focused on North America.
• Caterpillar Inc. Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and gas turbines, and industrial gas engines, and is STET's primary OEM partner. While not a direct competitor, Caterpillar shapes STET's competitive landscape and is a key counterparty in STET's dealer agreement, parts supply, financing, and technology arrangements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCwILzJxdD1rB9qUNE88kYEQ
• Facebookfacebook.com/STET.PT
• LinkedInlinkedin.com/company/stetcat/?viewAsMember=true
• Instagraminstagram.com/stet.pt/?hl=en
• TikToktiktok.com/@stetcat.pt

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about STET