The Germans produced the popular Putzmeister and Schwing concrete pumps.
And China being the biggest user of concrete pumps, it make sense to acquire the manufacturers.
Zoomlion has completed its acquisition of Italy's Compagnia Italiana Forme Acciaio SpA (CIFA), with Goldman Sachs and two other investors. It paid 163 million euros for a 60 percent stake in Sept 2008.
On April 17th 2012, SANY Heavy Industry Co, Ltd and Putzmeister Holding GmbH held a press conference in Germany to announce the completion of SANY’s acquisition of Putzmeister.
Xuzhou Construction Machinery Group (“XCMG”), purchases the world’s leading concrete equipment manufacturer - SCHWING Group Co. LTD from Germany. XCMG will take a majority stake in Schwing to be completed June 2012.
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