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The hottest Sany Heavy Industry re acquisition ext

2022-10-19

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Sany reacquires extended Putzmeister industrial chain

China Construction machinery information

Guide: on July 23, Putzmeister, a holding subsidiary of Sany, invested 8.1 million euros to acquire 100% equity of intermix GmbH, the third largest manufacturer of concrete mixer and special mixing equipment in Europe. Sany believes that the acquisition of intermex GmbH will help enrich Putzmeister's product group

on July 23, Putzmeister, a subsidiary of Sany Heavy Industry, invested 8.1 million euros to acquire 100% equity of intermex GmbH, the third largest concrete mixer and special mixing equipment manufacturer in Europe. Sany believes that the acquisition of intermex GmbH will help enrich the product portfolio of Putzmeister and extend the industrial chain

acquisition of intermex GmbH

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on July 23, Sany Heavy Industry announced that the holding subsidiary Germany Putzmeister company had signed the equity transfer agreement with Mr. Hans George stetter, and Putzmeister invested 8.1 million euros to acquire 100% of the equity of intermex GmbH held by Mr. Hans George stetter

it is reported that intermex GmbH, founded in 1984, is the third largest manufacturer of concrete mixers and special mixing equipment in Europe, mainly engaged in the design, manufacture and sales of concrete mixers. As of December 31, 2011, the total assets were about 6.13 million euros and the net assets were 3.16 million euros. During the global financial crisis in 2008, the sales scale of intermex GmbH shrank. In 2007, the sales revenue of intermex GmbH exceeded 30million euros, and the profit before interest and tax was 2.16 million euros. In 2011, the sales revenue was 10.1 million euros and the profit before interest and tax was 106000 euros

Xiang Wenbo, President of Sany Heavy Industry, said that after the global financial crisis, many European machinery manufacturers began to fall into crisis, and their revenue and profitability fell sharply, which gave Sany more opportunities to acquire and integrate overseas enterprises

Sany Heavy industry believes that the wholly-owned acquisition of German intermex GmbH by Putzmeister will help enrich Putzmeister's product portfolio, extend the industrial chain, and form a good synergy with the company's existing business, significantly enhance the company's R & D and innovation ability, marketing service level and international brand influence in the field of concrete mixing machinery, and further improve the internationalization level of the company's concrete machinery

on January 31 this year, Sany Heavy Industry and CITIC fund acquired 100% of the equity of German Putzmeister company, the world's first brand of concrete machinery, known as the "elephant", three of which provided data support and science for the use and implementation of graphene coatings in related fields and the formulation of standards. According to a German investment of 324million euros (about 2.654 billion yuan), CITIC fund purchased 90% of the equity, and CITIC fund purchased the remaining 10% of the equity. Xiang Wenbo said that this acquisition will change the competition pattern in the world concrete field and realize the internationalization goal of Sany 5-10 years ahead of schedule

in the first half of this year, affected by the acquisition of Putzmeister, Sany Heavy Industry's overseas business share increased significantly, with an increase of more than 60% in the first quarter, much higher than the average export growth rate of 32.9% in the domestic construction machinery industry in the first half of this year. Among them, the export of Sany excavator increased by nearly 102% year-on-year; The export of truck cranes increased by nearly 60% year-on-year; The export of crawler cranes increased by more than 180% year-on-year. In the first half of the year, the sales of Putzmeister increased by 10% - 15% year-on-year

vigorously promote "adjustment and transformation. Industry insiders said that although Sany has maintained a performance growth of more than 50% for many consecutive years, the internationalization process has been slow. According to Sany's 2010 annual report, in the company's total operating income of nearly 33 billion yuan, the proportion from abroad is only 6% on the left and right, far from the proportion of 30% in 2015 in Sany's" 12th Five Year Plan ". The acquisition and extension of Putzmeister industrial chain is Sany 2 Jaw quality is low, which is an important step in the internationalization of heavy industry

In the first half of this year, affected by the macro-control of real estate and the reduction of infrastructure, the growth of domestic construction machinery industry slowed down. According to the statistics of China Construction Machinery Industry Association, since the first half of this year, the domestic construction machinery industry has decreased by 20%, and the overall cash flow pressure is large. However, China's construction machinery industry is becoming more and more competitive in the international market due to the decline in both costs and prices. With the recent acquisition of foreign companies by leading enterprises in the industry such as Zoomlion and Sany Heavy Industry, China's construction machinery industry with low growth will show internal adjustment and integration, and the pace of internationalization will begin to accelerate. Affected by the entry of a large number of domestic products into the international market, the export volume of the domestic construction machinery industry reached 3.825 billion yuan in the first half of this year, with a year-on-year increase of about 32.9%

insiders believe that with the further implementation of the national "steady growth" strategy, it is expected that the domestic construction machinery industry as a whole is expected to achieve 12% growth this year, and the export growth will reach more than 30%

at present, Sany Heavy Industry said that the company is gradually changing its business model and striving to deliver a bright performance to investors in two years. The acquisition of Putzmeister and intermex GmbH and the extension of Putzmeister industrial chain will be an important step for Sany to further explore the international market