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

  • BICES Beijing; China bouncing back
    November 13, 2017
    At the BICES exhibition in Beijing, it was clear that the Chinese construction market has bounced back - Mike Woof writes. Demand for construction machines is now improving in China once more, with the backlog of unsold or nearly new secondhand units having been absorbed. This was apparent at the recent BICES construction machinery exhibition held in Beijing, where firms were more bullish than in previous years.
    Read More
  • Interviews round-up
    March 19, 2012
    Investment in infrastructure is a key priority for the US. With a three-part growth strategy, business improving worldwide and improvements in order books, the Terex Group is looking to increase net sales to US$8 billion by 2013. Ron DeFeo, Terex’s chief operating officer, said the company has been seeing increased order and quotation activity across nearly all of its product categories.
    Read More
  • A Long Relationship continues
    March 4, 2025

    Huyton Asphalt Ltd. has a unique place in the history of ABG Pavers and something we believe to be unique in the world.

    The Company has purchased many of each models over the years. In fact, it is the only known company in the world to still own and operate every wheeled paver manufactured by ABG in Hameln over the last 25 years. Testimony to both the robust build of the brand but also the care that Huyton Asphalt take care of their fleet.

    Read More
  • Innovations in concrete paving offering improved surfaces
    July 17, 2017
    Major innovations in concrete paving systems will offer customers improved surface finishes - Mike Woof writes US manufacturers continue to dominate the concrete paving sector, with German firm Wirtgen being the only exception. A number of Chinese manufacturers have attempted to enter the concrete paving market with compact machines but have so far had little success in tempting customers away from proven brands. The expertise in for the niche segment of concrete paving remains the preserve of a handful
    Read More

Highlighted Content