Better together: the 10th Anniversary of SANY's Acquisition of Putzmeister
PR96591
CHANGSHA, China, June 20, 2022 /PRNewswire=KYODO JBN/ --
The year 2022 marks the 10th anniversary of SANY's acquisition of Putzmeister.
Back in 2012, SANY Germany and CITIC PE acquired 100% of the equity shares in
Putzmeister for 360 million euros. As a young and ambitious enterprise, this
was a milestone move for SANY as well as a game-changing event in the landscape
of the global construction machinery industry.
Over the past decade, Putzmeister, already a top concrete machinery
manufacturer in Europe, has achieved steady growth and development under SANY
Group. Putzmeister's sales volume grew from €500 million in 2011 to more than
€800 million in 2021, maintaining its leading position in the global concrete
machinery market.
With its R&D, manufacturing and sales network expanding to cover Europe,
America, and Asia-Pacific regions, the former German family company now enjoys
a broader global presence in 154 countries and regions.
Over the past decade, Putzmeister has been integrated into SANY's global
business map. Today, nearly half of the concrete machinery products around the
world bear the logo of Putzmeister or SANY.
For SANY, Putzmeister provides applicable experience in internationalization,
intelligent manufacturing, and concepts and practices compatible with the
fourth industrial revolution. For Putzmeister, its capability of developing new
businesses is reinforced by SANY's financial support and resources.
The R&D cooperation between the two companies has been evidently fruitful. The
joint R&D teams have successfully launched the V8 series and the 45m
truck-mounted concrete pump for the European market and are now taking the lead
in the new arena of electric, intelligent, and digital products. Putzmeister
has released the world's first hybrid truck-mounted concrete pump - "iONTRON"
and has applied big data technology in the concrete production, transportation,
and placement process to improve productivity, operations, and fuel efficiency.
Both companies serve to open up markets for one another. More Putzmeister
products gained access to the Chinese market through SANY, such as
Putzmeister's shotcreting machines, mortar machines, industrial pumps, and
telebelt. Similarly, many of SANY's products have become globally visible
through Putzmeister's network. "Compared to the sales growth," said Dr. Jiang
Xiangyang, Chairman's Representative on behalf of SANY and Board member at
Putzmeister Holding GmbH, "the significance of the acquisition lies in that it
gave SANY a closer view of a leading company in the west, the market in
developed countries, and their way of company governance."
To date, the partnership between SANY and Putzmeister has yielded exponentially
positive results in the areas of training, employee exchanges, R&D, and
business development. Hand in hand, their partnership has yielded far better
results than either company alone. One plus one has created far greater results
than two.
SOURCE: SANY Group
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