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Putzmeister and Sany merge


Chinese-German transaction

 


Putzmeister Holding GmbH (“Putzmeister”) and Sany Heavy Industry Co., Ltd (“Sany”) announced the signing of an agreement on the merger of both companies. Sany, together with the Chinese Private Equity company CITIC PE Advisors (Hong Kong) Limited as a minority shareholder, thereby acquires 100 per cent of Putzmeister. The final closing of the deal is subject to approval by the relevant authorities and the customary closing conditions. Both parties agreed not to disclose the financial terms of the transaction.

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www.putzmeister.de
www.sany-germany.de


CPi worldwide journals are trade journals for the concrete and precast concrete industry that are published in 10 different language editions in more than 170 countries. These trade journals, with their practical editorial reporting on research, production and applications, are specifically addressing the decision makers of the concrete and precast concrete industry.

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