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

  • CIFA’s new R&D focus has raised its profile
    January 6, 2017
    The acquisition of Italian concrete pump and mixer firm CIFA by Zoomlion in 2008 has helped raise the profile of this business significantly, transforming the company. The buyout of the company gave CIFA access to funds for research and development, which its Chinese owner has been keen to invest in. And the fruits of this investment are certainly being seen, both by CIFA and Zoomlion.
  • CIFA’s new R&D focus has raised its profile
    April 21, 2015
    The acquisition of Italian concrete pump and mixer firm CIFA by Zoomlion in 2008 has helped raise the profile of this business significantly, transforming the company. The buyout of the company gave CIFA access to funds for research and development, which its Chinese owner has been keen to invest in. And the fruits of this investment are certainly being seen, both by CIFA and Zoomlion.
  • Cummins posts record second-quarter revenues
    August 7, 2023
    Cummins has recorded second-quarter revenues of $8.6 billion
  • Palfinger Sany to launch new cranes for Russian market
    May 29, 2013
    The newly-established Palfinger Sany joint venture company is to launch its first two models of truck cranes for the Russian market. With lifting capacities of 25tonnes and 50tonnes the Palfinger Sany truck crane QY25C, manufactured in Changsha, China, will be given its world premiere at the CTT international construction equipment and technologies being held in Moscow from 4-6 June 2013.