The hottest M & A promotes the transformation from

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Mergers and acquisitions promote the transformation from a "manufacturing power" to a "manufacturing power". On January 21, a big news triggered a shock in the global construction machinery industry: China Sany Heavy Industry signed a merger agreement with Germany Putzmeister, and sany and its partners will jointly invest 360million euros to acquire 100% of the equity of Putzmeister

just ten days before the news was released, on January 10, Liugong Guangxi invested 335million yuan to acquire the civil engineering machinery division of HSW in Poland. While the new wave of mergers and acquisitions is booming, the old wave of mergers and acquisitions is still fresh in our memory: in July, 2011, XCMG machinery acquired two hydraulic component manufacturers located in Germany and the Netherlands respectively; In january2012, Shandong Heavy Industry Co., Ltd. spent 374million euros to acquire 75% of the controlling interest of Italian Faraday group, a global luxury yacht giant... Chinese enterprises are catching up and rewriting the pattern and territory of the global construction machinery industry in waves of mergers and acquisitions

international M & A of construction machinery is not only a product, but also a strategic one.

it took exactly one month from the issuance of the acquisition invitation to the signing of the acquisition agreement between Sany Heavy Industry and Germany Putzmeister company. The international flash marriage surprised the outside world

Putzmeister, Germany, is one of the world's most famous manufacturers of construction machinery, especially in the field of concrete pump truck manufacturing, which has long been a world leader. Its sales network also covers 154 countries and regions around the world, with a long-term global market share of about 40% in the past few decades. However, facing the sudden financial crisis, this "century old store" was not spared

last year, as soon as the news of the intention to sell Putzmeister in Germany came out, many construction machinery enterprises around the world immediately waited for the opportunity. In the end, Sany won the first place in this fierce competition. Xiang Wenbo, a member of Sany Heavy Industry, introduced that the value given by the enterprise is not product, but a machine that often has problems in terms of universal experimental machine loading. It is a strategic merger and acquisition. The brand, technology, and global sales and service system it brings are not measured by economy

in September 2008, Zoomlion and its partners acquired 100% of the equity of western France company, making Zoomlion the world's largest concrete machinery manufacturer from the fifth largest in the global industry. Now it's time to see the outcome of this purchase. In September last year, the 80m carbon fiber boom pump truck was successfully rolled off the production line in Changsha Lugu Industrial Park of Zoomlion. It has created many world records, such as the longest boom pump truck based on the General Motors chassis and the longest carbon fiber boom pump truck. It is the longest boom pump truck in the world that can work. 5. The main bearing of the dynamometer of the rubber tension machine is not allowed to refuel and can be sold. This popular carbon fiber boom pump truck is the product of the integration of Zoomlion and Western French technology

overseas mergers and acquisitions become a development booster to transform into a "manufacturing power"

in the middle of 2011, Zoomlion predicted that its own sales would exceed 50billion yuan this year. Zhanchunxin, the president, said with pride that it would build a 100 billion enterprise within five years. By the time of inventory taking in 2012, Zoomlion's sales had exceeded 80billion yuan. In addition to Zoomlion, Sany and XCMG have entered the 80billion yuan Corps together. Overseas M & A has become an accelerator to boost the development of enterprises. From 2005 to 2011, one of the top 50 companies in the global construction machinery industry, including Alex Thomson yacht race, the manufacturer of 60 foot carbon fiber reinforced Hugo Boss racing boat and BAC (Briggs automotive company), which produces mono supercars, showed a trend that the ranking of European and American enterprises generally declined except for a few old strong players such as Caterpillar and Volvo, while the development trend of Chinese enterprises was blowout, Overseas M & A is increasingly used by Chinese construction machinery companies

in 2008, the annual sales of caterpillar, the world's largest construction machinery manufacturer, was US $51.324 billion, equivalent to RMB 323.3 billion. In that year, the total sales of 2000 large and small construction machinery enterprises in China just exceeded RMB 250billion. However, in just three years, the former industry leaders such as West France and Putzmeister have been successively pocketed by Chinese enterprises. In 2011, Caterpillar's sales reached US $60.1 billion, or about RMB 378.6 billion, still ranking first. However, the total sales of China's construction machinery industry exceeded RMB 500billion

according to the 12th Five Year Plan, it is estimated that the sales scale of China's construction machinery industry will reach 900billion yuan by 2015, which will far exceed the development speed of China's economy. To achieve this rapid growth, the domestic market alone is far from meeting the requirements. Overseas mergers and acquisitions give us an opportunity to participate in the international market closely, and will also promote the transformation of construction machinery from a large manufacturing country to a powerful manufacturing country, from an extensive, imitation and quantitative type to a scientific and technological innovation, quality and efficiency type

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