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.
March 19, 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.
Materials

For more information on companies in this article

Related Content

  • CECE Congress focuses on future of construction
    April 10, 2012
    The bi-annual CECE Congress was held in Spain when participants looked forward in a bid to see what will happen in the next ten years Growth markets such as China, India and Brazil offer big opportunities to European construction equipment manufacturers. As companies, particularly those from China, start to expand outside their own countries the competition for business will increase, and it has been claimed that there is no such thing as 'the global market', rather it is the sum of hundreds, if not thousa
    Read More
  • Dynapac’s new future within the Fayat Group
    March 8, 2018
    Dynapac is now part of the Fayat Group and is a new sibling for fellow road machinery firm BOMAG - Mike Woof writes. The purchase of Dynapac from its previous owner, Atlas Copco, by the Fayat Group did generate some comment in the construction machinery sector. Dynapac, a long-standing player in the road machinery segment, is a rival to a firm that is already a key component in the Fayat Group, BOMAG. Both BOMAG and Dynapac make ranges of soil compactors, asphalt compactors, asphalt pavers and milling m
    Read More
  • Re-branding of Waitzinger pumps is just the first step to integration with new parent Liebherr
    January 6, 2017
    Having acquired concrete pump manufacturer Waitzinger in October 2012, Liebherr is presenting the four-pump range in the yellow Liebherr livery. This is the first step towards integrating Waitzinger into the huge Liebherr empire. The next steps will see the integration of the two sales organisations. “There will be some markets where Liebherr is strong and some where Waitzinger is strong,” said spokesperson Kristian Kueppers. “We have to look at these and build up the sales organisation where it is required
    Read More
  • Re-branding of Waitzinger pumps is just the first step to integration with new parent Liebherr
    April 17, 2013
    Having acquired concrete pump manufacturer Waitzinger in October 2012, Liebherr is presenting the four-pump range in the yellow Liebherr livery. This is the first step towards integrating Waitzinger into the huge Liebherr empire. The next steps will see the integration of the two sales organisations. “There will be some markets where Liebherr is strong and some where Waitzinger is strong,” said spokesperson Kristian Kueppers. “We have to look at these and build up the sales organisation where it is required
    Read More

Highlighted Content