Sany buys Putzmeister

Jan 31, 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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