Chinese firm Sany is buying concrete pump builder Putzmeister

Chinese construction equipment firm Sany is buying Putzmeister, the German manufacturer of concrete pumps. The terms of the deal have not been revealed officially but the acquisition is said to be worth €360-500 million according to various reports.
January 6, 2017 Read time: 1 min
Chinese construction equipment firm 1170 Sany is buying 1259 Putzmeister, the German manufacturer of concrete pumps. The terms of the deal have not been revealed officially but the acquisition is said to be worth €360-500 million according to various reports.

This is a landmark deal for Sany which will give it access to premium quality concrete pumping technology. While Sany has been developing its operations outside of China it has so far to develop a significant market share in western nations. With Putzmeister added to its portfolio however the company now has a market leading brand to add to its range.

Putzmeister has been owned by the Schlecht family since it was established and this purchase marks a significant change for the firm. Quite how the Putzmeister range will be incorporated into the Sany product line-up has yet to be revealed, although a dual brand strategy may be a possibility. It seems likely that Sany will wish to use the Putzmeister brand name due to its reputation for quality, performance and technology, as long as it is able.

%$Linker: External 0 0 0 oLinkExternal www.sany.com Sany false http://www.sany.com/ false false%>

Outside: E5 Stand: E018

%$Linker: 2 Internal 2 4824 0 oLinkInternal <span class="oLinkInternal"><span class="oLinkInternal">View more videos</span></span> Video false /event-news/intermat-2012/video/ true false%>

For more information on companies in this article

Related Content

  • INTERMAT is new Hemisphere for Canadian firm
    January 6, 2017
    It’s a case of entering a new Hemisphere for one Canadian firm at INTERMAT. Hemisphere GPS is highlighting its wide range of machine control and guidance systems during its show debut. The ergonomic Earthworks Z300 for dozers, a new system being exhibited by the Calgary-based firm, is said to improve grade control accuracy while reducing rework and the number of required passes. A further new Hemisphere GPS system on show is the S320 GNSS Survey Receiver. The model includes SMS communication, GSM auto cor
    Read More
  • INTERMAT is new Hemisphere for Canadian firm
    April 19, 2012
    It’s a case of entering a new Hemisphere for one Canadian firm at INTERMAT. Hemisphere GPS is highlighting its wide range of machine control and guidance systems during its show debut. The ergonomic Earthworks Z300 for dozers, a new system being exhibited by the Calgary-based firm, is said to improve grade control accuracy while reducing rework and the number of required passes. A further new Hemisphere GPS system on show is the S320 GNSS Survey Receiver. The model includes SMS communication, GSM auto cor
    Read More
  • Haulotte Group’s net sales rise 23%
    January 6, 2017
    Haulotte Group (HG) recorded net sales growth of 23% to $400.3million in 2011, compared to $326million in 2010. The boom lift and lifting equipment manufacturers believe the strength of emerging markets and renewed investment by major European retail companies will also give the Group a “double-digit” growth in 2012 sales.
    Read More
  • Haulotte Group’s net sales rise 23%
    March 16, 2012
    Haulotte Group (HG) recorded net sales growth of 23% to $400.3million in 2011, compared to $326million in 2010. The boom lift and lifting equipment manufacturers believe the strength of emerging markets and renewed investment by major European retail companies will also give the Group a “double-digit” growth in 2012 sales.
    Read More

Highlighted Content