Putzmeister is generally reckoned to be the market leader in concrete pumps but Sany has grown rapidly in recent years, making its owner Liang Wengen reputedly the richest man in China. Last year Sany began production of an 86m truck-mounted concrete pump - the world's largest concrete placing boom.
And while Putzmeister specialises in concrete equipment, Sany produces just about every type of construction machine there is - and in huge numbers. It is China's largest plant manufacturer and currently ranked number 7 in the world, according to International Construction magazine. It is very likely to be in the top five next year.
Putzmeister is 90% owned by the Karl Schlecht Family Foundation and 10% by Karl Schlecht Public Benefit Foundation (KSG). It has 3,000 employees and annual sales of 570m euros.
“With this merger Putzmeister and Sany will create a new and global market leader for concrete pumps,” said Liang Wengen, chairman and founder of Sany. “Putzmeister will remain as an independent brand with its own management within the Sany group.”
Putzmeister’s headquarters in Aichtal, Germany will become Sany’s new centre for concrete machinery.
The purchase price has not been disclosed.
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