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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