Trade Journals for the Concrete Industry

Putzmeister Holding GmbH (“Putzmeister”) and Sany Heavy Industry Co., Ltd (“Sany”) announced the signing of an agreement on the merger of both companies. Sany, together with the Chinese Private Equity company CITIC PE Advisors (Hong Kong) Limited as a minority shareholder, thereby acquires 100 per cent of Putzmeister. The final closing of the deal is subject to approval by the relevant authorities and the customary closing conditions. Both parties agreed not to disclose the financial terms of the transaction.