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

  • Liebherr continues to grow despite tough trading conditions
    November 28, 2012
    Liebherr is weathering the current financial situation rather better than some other firms, having seen turnover increase 9.8% to €4.4 billion in the first half of 2012, compared with the previous year. According to Andreas Boehm, a member of the board of directors at Liebherr, turnover for the mining and construction operations saw gains of 7.7% to €2.84 billion in the first half of 2012, compared with 2011. He continued, “Turnover from our earthmoving machinery increased 14.4% to €1.07 billion.” However,
    Read More
  • Aximum gains strength in route safety systems
    April 11, 2012
    Aximum is a comparatively new organisation, but it incorporates many old-established companies in the route safety business. As Alan Peterson discovered, it is 'ready to pick up speed' A few weeks ago the French-based Aximum Group added a fourth international subsidiary to its portfolio of businesses at the end of what has been a busy period for the fledgling company. Al Habtoor Aximum is a joint venture with the leading contractor in the United Arab Emirates (UAE), and with the backing of this highly rega
    Read More
  • Market confidence remains strong in the build-up to bauma China 2012
    May 18, 2012
    Despite a slight slow-down in the pace of economic growth in China, market confidence remains strong in the country. The organisers of the upcoming bauma China event, from November 27 to 30 2012, say that China is still a key market for the global construction sector. Supported by a booming domestic market, the Chinese construction machinery manufacturers are also making ground on the international front. The exhibition is an international trade fair for construction machinery, building material machines, c
    Read More
  • Wirtgen exhibiting diverse machine range at bauma China
    November 12, 2014
    The Wirtgen Group is exhibiting a wide range of its latest machines for the local market at bauma China 2014 in Shanghai. The firm is showing 11 innovations and no fewer than 13 products manufactured locally at the Langfang factory for the Chinese market, from its Road and Mineral Technologies divisions. There are 38 exhibits in total from the Wirtgen Group’s Wirtgen, Vögele, Hamm and Kleemann brands that are tailored to meet Chinese requirements. The Wirtgen brand is exhibiting its powerful WR 250 reclaim
    Read More

Highlighted Content