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

  • Caterpillar is offering a new compact paver in the shape of the AP255E
    March 21, 2012
    Caterpillar Paving’s new AP255E is the smallest paver in the range. With a single operator, the compact AP255E meets all requirements for small and medium sized jobsites in urban centres such as pathways, cycle paths, playgrounds, trench back filling and all maintenance and repair work. The paver is designed to operate in limited spaces, due to its compact design and exceptional manoeuvrability. The AP255E is powered by a Cat C2.2 engine delivering 34kW, weighs 4.5tonnes and has a standard paving width of 1
    Read More
  • Zoomlion raising the bar
    January 6, 2017
    Zoomlion has come a long way in 20 years, from small beginnings to becoming a major equipment manufacturer on the international stage. Tower cranes and truck cranes in particular make up the bulk of the firm’s operations and it is a leading producer in this field. Zoomlion makes the world’s largest crawler crane, which has a maximum lift capacity of 3,200tonnes and features a novel design with twin chassis and twin booms. However, Zoomlion is also a major player in the market for concrete pumps both with it
    Read More
  • Zoomlion raising the bar
    November 26, 2012
    Zoomlion has come a long way in 20 years, from small beginnings to becoming a major equipment manufacturer on the international stage. Tower cranes and truck cranes in particular make up the bulk of the firm’s operations and it is a leading producer in this field. Zoomlion makes the world’s largest crawler crane, which has a maximum lift capacity of 3,200tonnes and features a novel design with twin chassis and twin booms. However, Zoomlion is also a major player in the market for concrete pumps both with it
    Read More
  • The new telehandler access platform from JCB meets growing demand
    January 6, 2017
    A new development from JCB is an access platform attachment for use with the firm’s 535-140 and 535-128 model telehandlers. This has been developed to meet growing market demand for access platform attachments that can be used on telehandlers in a range of construction duties.
    Read More

Highlighted Content