Sany on acquisition trail

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.
May 2, 2012 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.
Concrete milling, paving & compaction

For more information on companies in this article

Related Content

  • Hyundai Heavy Industries posts optimistic results
    July 7, 2014
    Equipment manufacturer Hyundai Heavy Industries has published optimistic results in the financial report for its construction equipment operations. The firm’s Annual Report 2013 said that the global construction market slowed in 2013 as economic uncertainty in the US and Europe continued and China maintained its tight credit policies to keep growth in check. In emerging markets such as the Middle East, Brazil, Russia, and Africa, falling international raw materials prices combined with a market slump in th
    Read More
  • Bauer’s new piling machine models
    November 29, 2018
    Bauer is offering new piling rigs, including models developed for the Chinese market needs. According to general manager Michael Minsky, the new GB80S is an improved version of the earlier GB60 model. He said “We did an upgrade and made it stronger and more productive.” The BCS40 is built specifically for the Chinese market. Although sharing the same build quality as the premium machines, it comes with fewer options and is priced to compete on closer levels to locally made equipment. The base of the machin
    Read More
  • Modern hydraulic fluid is the future, says Evonik
    January 6, 2017
    Chemical company Evonik is targeting the construction sector at Intermat 2015 with its specialist Dynavis technology which it says can boost the performance of hydraulically-operated plant by up to 30%. “We are taking market share from conventional hydraulic fluids,” Dr Ralf Duessel, head of Evonik’s oil additives business line said. “There’s a continuous move towards premium fluids and by being active in the end markets, we find that we double our impact on the market.” Dynavis technology, which has been a
    Read More
  • Modern hydraulic fluid is the future, says Evonik
    April 22, 2015
    Chemical company Evonik is targeting the construction sector at Intermat 2015 with its specialist Dynavis technology which it says can boost the performance of hydraulically-operated plant by up to 30%. “We are taking market share from conventional hydraulic fluids,” Dr Ralf Duessel, head of Evonik’s oil additives business line said. “There’s a continuous move towards premium fluids and by being active in the end markets, we find that we double our impact on the market.” Dynavis technology, which has been a
    Read More

Highlighted Content