On January 30th, Sany Heavy Industry Co., Ltd., a large-scale construction machinery manufacturer in China, announced recently that it will join hands with the Industrial Investment Fund Advisors to acquire the entire share capital of the German engineering group Putzmeister.
According to Su Zimeng, secretary general of the China Construction Machinery Industry Association and senior economist, Sany Heavy Industry and Zoomlion accounted for more than 70% of the domestic concrete machinery market, and due to the current state's real estate control measures, the domestic market The demand for construction machinery has been greatly reduced, so both companies are vigorously exploring the international market.
According to industry sources, since Zoomlion’s acquisition of Italy's CIFA, which ranks No. 3 in global concrete machinery in 2009, Sany Heavy Industry and XCMG Machinery are brewing their respective overseas acquisition plans, of which Sany Heavy Industry is committed to acquiring No. 1 in the industry. In Germany's Putzmeister, XCMG has been keeping close contact with a company ranked No. 2 in the industry, and it is rumored that the acquisition is being negotiated.
China's Big Three in the Construction Machinery Industry Aiming at the Concrete Industry The acquisition plan for the world’s top three companies is slowly starting to take off, and China’s construction machinery companies have officially entered the ranks of powerful countries in the field of concrete machinery.
According to reports, after Sany Heavy Industry acquired Putzmeister, CITIC Industrial Investment Fund Advisors will hold a minority stake, but the parties refused to disclose the purchase price. Those closely related to the acquisition stated that the valuation was around 500 million euros.
Su Zimeng told Tencent that the company’s acquisition of the entire stake in Putzmeister shows that China’s construction machinery companies have the strength to start acquisitions internationally. After the successful acquisition, Sany Heavy Industry and Zoomlion two Chinese construction machinery companies will form a wing pattern, leading the world in the field of concrete parts, and China will become a veritable cementing country.
Su Zimeng analyzed that in the construction machinery industry, there are many cases of corporate acquisitions and mergers and acquisitions worldwide, which are common phenomenon in the industry. However, since China Zoomlion’s acquisition of Italian CIFA, Chinese construction machinery companies have officially entered the international acquisition stage.
Su Zimeng said that under the background of the increasingly severe debt crisis in Europe, Sany Heavy Industry chose to acquire Germany's important machinery manufacturing companies at this time, which will have beneficial effects on the development of both parties.
According to Su Zimeng, secretary general of the China Construction Machinery Industry Association and senior economist, Sany Heavy Industry and Zoomlion accounted for more than 70% of the domestic concrete machinery market, and due to the current state's real estate control measures, the domestic market The demand for construction machinery has been greatly reduced, so both companies are vigorously exploring the international market.
According to industry sources, since Zoomlion’s acquisition of Italy's CIFA, which ranks No. 3 in global concrete machinery in 2009, Sany Heavy Industry and XCMG Machinery are brewing their respective overseas acquisition plans, of which Sany Heavy Industry is committed to acquiring No. 1 in the industry. In Germany's Putzmeister, XCMG has been keeping close contact with a company ranked No. 2 in the industry, and it is rumored that the acquisition is being negotiated.
China's Big Three in the Construction Machinery Industry Aiming at the Concrete Industry The acquisition plan for the world’s top three companies is slowly starting to take off, and China’s construction machinery companies have officially entered the ranks of powerful countries in the field of concrete machinery.
According to reports, after Sany Heavy Industry acquired Putzmeister, CITIC Industrial Investment Fund Advisors will hold a minority stake, but the parties refused to disclose the purchase price. Those closely related to the acquisition stated that the valuation was around 500 million euros.
Su Zimeng told Tencent that the company’s acquisition of the entire stake in Putzmeister shows that China’s construction machinery companies have the strength to start acquisitions internationally. After the successful acquisition, Sany Heavy Industry and Zoomlion two Chinese construction machinery companies will form a wing pattern, leading the world in the field of concrete parts, and China will become a veritable cementing country.
Su Zimeng analyzed that in the construction machinery industry, there are many cases of corporate acquisitions and mergers and acquisitions worldwide, which are common phenomenon in the industry. However, since China Zoomlion’s acquisition of Italian CIFA, Chinese construction machinery companies have officially entered the international acquisition stage.
Su Zimeng said that under the background of the increasingly severe debt crisis in Europe, Sany Heavy Industry chose to acquire Germany's important machinery manufacturing companies at this time, which will have beneficial effects on the development of both parties.
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