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

  • International Growth for Liugong with European expansion plans
    January 6, 2017
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • International Growth for Liugong with European expansion plans
    November 26, 2012
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • Wirtgen going for growth
    May 28, 2012
    The Wirtgen Group has held a highly successful Technology Days event at the brand new Kleemann facility in Göppingen near Stuttgart. Some 2,600 people attended this year's event, the largest of the three held so far by the firm. A key focus for this year was highlighting the full integration of the Kleemann crushing equipment operation within the Wirtgen Group. The previous Technology Days events were held at the Hamm facility in Tirschenreuth and at the Wirtgen headquarters in Windhagen. Following the Kle
    Read More
  • Global pressures driving bitumen developments
    June 19, 2015
    A raft of global pressures is driving developments in the materials and equipment we use for the handling, storage and treatment of bitumen. The goal is to achieve better performance and longer life for less financial outlay, and at the same time overcome the challenges of inconsistent and varying bitumen supplies. Kristina Smith reports.
    Read More

Highlighted Content