Sany buys Putzmeister

|  January 30, 2012 |

Sany Heavy Indsutry, along with privite equity firm Citic PE Advisors, have bought 100 percent of German concrete pump producer Putzmeister Holding GmbH.

Citic will be a minority shareholder. Details of the financial terms of the transaction remain undisclosed. Putzmeister will remain an independent brand.

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