Skip to main content

Italian-Chinese deal between Magni and Zehjiang Dingli Machinery

A new business deal has been struck between Italian manufacturer Magni Telescopic Handlers and Chinese company Zehjiang Dingli Machinery. The agreement between the two companies includes a purchase in stock as well as the establishment of a new R&D facility for Dingli in Europe. Under the terms of the deal, Zhejinag Dingli will sell the full range of Magni machines through its distribution network in China.
February 11, 2016 Read time: 1 min
A new business deal has been struck between Italian manufacturer 7308 Magni Telescopic Handlers and Chinese company Zehjiang Dingli Machinery. The agreement between the two companies includes a purchase in stock as well as the establishment of a new R&D facility for Dingli in Europe. Under the terms of the deal, Zhejinag Dingli will sell the full range of Magni machines through its distribution network in China.

For more information on companies in this article

Related Content

  • LiuGong is investing in its facilities and product line
    January 6, 2017
    The acquisition of the HSW firm making the Dressta bulldozers has been strategically important for LiuGong. This facility is its first factory in Europe and has brought with it a very well-proven product line. The factory has benefited from a number of changes and David Beatenbough, vice president of LiuGong research and development said, “What we’ve found is that every machine tool is old but the maintenance has been tremendous. We’ve only had to replace one or two machine tools. So for this year we’ve bee
  • LiuGong is investing in its facilities and product line
    November 29, 2012
    The acquisition of the HSW firm making the Dressta bulldozers has been strategically important for LiuGong. This facility is its first factory in Europe and has brought with it a very well-proven product line. The factory has benefited from a number of changes and David Beatenbough, vice president of LiuGong research and development said, “What we’ve found is that every machine tool is old but the maintenance has been tremendous. We’ve only had to replace one or two machine tools. So for this year we’ve bee
  • Caterpillar and Wacker Neuson end mini excavator deal
    August 25, 2016
    Caterpillar and Wacker Neuson are to end their agreement for the manufacture of mini excavators. For the past six years, Wacker Neuson has been building mini excavators at its plant in Hörsching, Austria that have been badged as Caterpillar products. However this partnership is now being phased out and Caterpillar intends to switch design and production of the smallest hydraulic excavators in its line-up to Caterpillar facilities from the start of 2018. According to Caterpillar this move will allow the f
  • Trimble and OEMs extend technology deal
    December 13, 2024
    Trimble is extending its technology deals with Caterpillar and John Deere.