Sany Heavy Industries Co., along with a partner, acquired Putzmeister Holding GmbH in January, expanding its brand with the purchase of the concrete pump maker.Sany, a Chinese construction-equipment maker, will buy 90 percent of Putzmeister for 324 million euros and Citic PE Advisors (Hong Kong) Ltd. will purchase the balance, it said in a Shanghai stock exchange statement. The deal may be completed by March 1, pending regulatory approvals, Bloomberg reported.
展开▼
