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.
Finance & Funding

For more information on companies in this article

Related Content

  • Innovative testing boosts pavement quality
    February 16, 2012
    Innovative materials testing technology will allow the road sector to boost pavement quality, Mike Woof and Patrick Smith report. With billions being spent on highway construction worldwide, governments are looking to make sure their investments last as long as possible.
    Read More
  • Shantui achieves sales in Middle East and South East Asia
    January 6, 2015
    Dubai is an increasingly important market for Chinese heavy equipment manufacturer Shantui as the group breaks into the Middle East Market Shantui has had strong export success in key markets, selling over 200 units to the Middle East in a deal worth US$25 million. This package of equipment helps develop the firm’s profile in the Middle East, the largest single sale achieved in this territory by the firm. The units being shipped include a variety of machines, such as bulldozers, excavators, and loaders.
    Read More
  • Renishaw completes acquisition of laser measurement specialists MDL
    February 5, 2013
    Global engineering technology firm Reinshaw now has full ownership of UK-based Measurement Devices Ltd (MDL), following the purchase of an outstanding 34% shareholding for US$7.07 million (£4.5mn). The acquisition of the shares concludes an agreement reached in 2010, when Renishaw purchased an initial 29% stake in MDL, the designers and manufacturers of high speed laser measurement and surveying systems for use in extreme conditions. Steve Ball, the founder of MDL, will be leaving the company, whilst Elaine
    Read More
  • Liebherr expands its operations in Alsace
    June 23, 2023
    Liebherr is expanding its operations in Alsace.
    Read More

Highlighted Content