1. Shandong Heavy Industry Acquires Italian Yacht Trader Ferretti
On the evening of January 6, Beijing time, Shandong Heavy Industry Group recently announced that it had purchased a 75% stake in Ferretti, a heavily indebted Italian yachting company, to enter the global yacht industry with a market scale of EUR 7 billion and the fast-growing Chinese luxury goods market. It is reported that the main management team of Ferretti will be retained and the headquarters and production base will remain in Italy.
Shandong Heavy Industry is a manufacturer of agricultural machinery and construction machinery and is the actual controller of Weichai Power, a listed company. Shandong Heavy Industry said that the company will inject new resources for Ferretti, including providing new marketing channels and capital, so that Ferretti can expand more efficiently in emerging markets in the future. In due course, seek to list this luxury yacht maker.
2. Sany Heavy Industry acquires Putzmeister
On January 30, 2012, SANY announced the joint CITIC Industrial Investment Fund, which invested 360 million euros to acquire 100% equity of German engineering machinery company Putzmeister. Among them, SANY's subsidiary Sany Germany invested 324 million euros, accounting for 90% of the shares; CITIC Industrial Fund invested 36 million euros, accounting for 10% of the shares.
After decades of development, Putzmeister has established a global service and sales system. Through this strategic merger, Sany Heavy Industries can use this system to accelerate its own pace of internationalization. It will change as a result.
3. Liugong acquires Polish construction machinery company HSW
On the evening of January 31, Liugong announced that it had signed a "Last Acquisition Agreement" with the Polish construction machinery company HSW regarding its engineering machinery business unit project. So far, the company has completed the acquisition of HSW's construction machinery business unit project.
On the previous 10th, Liugong and HSW signed the "Conditional Acquisition Agreement" with Balanoff Sandomiersky in southern Poland. According to the agreement, Liugong acquires 100% of the shares and assets of HSW's subordinate civil engineering machinery business unit and its wholly-owned subsidiary, Dressta.
This is the first privatization of Polish state-owned assets involving Chinese companies, and it is by far China’s largest investment project in Poland. It is also Liugong’s current largest overseas investment project.
4. Xugong acquires German Schwein
On April 20, 2012, XCMG announced the acquisition of German Schwing Group Co., Ltd., a global leader in concrete equipment.
With this acquisition, Xugong Group will hold the company Schweings. The core competitiveness and overall strength of the XCMG Group will also be greatly enhanced. This will promote the rapid development of XCMG's concrete complete sets of equipment and create international brands of concrete complete sets of equipment. This is another new international acquisition project undertaken by XCMG following the successful acquisition of two European parts and components companies. The cooperation between XCMG and Schwing Group marks a solid step forward in the internationalization of Chinese construction machinery companies.
5. Shandong Weichai Acquires German KION
On August 31, 2012, Shandong Heavy Industries Weichai Power and the German KION Group signed a strategic cooperation agreement in Jinan, Shandong Province. The two sides will cooperate closely in the field of material handling and hydraulic drive technology. This is the largest M&A case in China for German companies to date. .
Weichai Power invested 738 million euros, of which 467 million euros were used to acquire 25% of KION, and another 271 million euros would be used to purchase 70% of the Linde hydraulic business of the KION Group. KION is the world's second largest industrial forklift manufacturer and the largest foreign forklift manufacturer in China. According to the agreement, if KION is to issue IPO in the future, Weichai Power shall have the right to increase the holding of KION Group's shares to 30%, and have the right to further increase KEO's hydraulic business shares.
6. JMC enters the heavy truck in a converse signing contract to acquire Changan Heavy Duty Truck
Reorganization of Jiangling Motors Taiyuan Changan Heavy Duty Trucks was held in Taiyuan, where Changan Heavy Industries Truck was located last week. This is Jiangling Motor Co., Ltd., which has been pursuing steady growth. After spending RMB 500 million to restructure Huaxiang Fuqi in Jiangxi Province not long ago, it will again conduct large-scale mergers and reorganizations across regions.
Jiangling’s acquisition of Taiyuan CNE’s equity is jointly held by China’s Chang’an Automobile Group and China Ordnance Equipment Group. After the completion of the acquisition, the new Taiyuan CNHTC will be a wholly-owned subsidiary of Jiangling and will have independent legal personality and continue existing Heavy truck production operations and related businesses, as well as the introduction of Jiangling heavy truck new products as soon as possible.
According to information disclosed by Jiangling Motors, the acquisition was fully supported by foreign shareholder Ford Motors. It is reported that with the rich experience and strong technical capabilities of Ford in the heavy truck field, in the next few years, the new Taiyuan Heavy Duty Truck will have a production capacity of 50,000 heavy trucks and 50,000 engines.
7. Hengtian Acquires Dutch Heavy Truck Company to Converse
Under the background that the current auto industry is facing a crisis of overcapacity and the country no longer encourages the automobile manufacturing industry, the Hengtian Group, which is a major player in textiles, was in a “contrarian†situation, with €9 million on July 25 (about 76 million). (RMB) successfully acquired GINAF, a heavy truck company in the Netherlands, and stepped up its efforts in the field of vehicle manufacturing.
It is reported that Hengtian Group has also acquired a Hebei modified car factory and completed the transfer of assets in September. At the same time, it will also plan to acquire a car factory in Henan next year.
8, Ford launched China's heavy truck strategy to acquire Taiyuan Shouqi
Before this, Jiangling Motors disclosed the purchase of Taiyuan Heavy Duty Truck and entered the heavy truck market. Recently, Ford Motor officially announced that its Jiangling Motors Co., Ltd., which holds 30% of its shares, has acquired Taiyuan Heavy Duty Truck. This confirms Ford’s speculation on the launch of China’s heavy truck strategy through Jiangling. In May last year, China Chang'an Group confirmed that it will build a joint venture with Ford for heavy trucks. The two parties will establish a new joint venture company based on Changan Holdings’ Taiyuan Zhongqi and expand the Chinese heavy truck market. However, this plan was eventually repaired as a way to get through Jiangling and start the two sides' heavy truck strategy.
For Changan and Ford, the heavy truck is a project where both parties need to make up classes. Among the four major automobile groups, heavy trucks are a weakness of Chang'an. In the past two years, Ford has implemented aggressive expansion plans for passenger cars in China, relying mainly on the Changan Ford joint venture carrier. Jiangling Motors has been positioned by Ford as a carrier for light commercial vehicles. However, as the world’s largest heavy truck market, China’s Ford, who pursues a radical Chinese expansion strategy, apparently does not want to remain a bystander.
9, MANN+HUMMEL acquires the filter company
August 29th, 2012 - MANN+HUMMEL Group formally entered into an agreement with Handan Filters Co., Ltd. in Handan to acquire 100% of the filter in the filter city of China - Handan City, Anhui Province. Manufacturer. The acquisition of the industry is an integral part of the MANN+HUMMEL China strategy. Such a well-known local brand that focuses on local applications, has a considerable product line and a well-established distribution network, forms a very good strategic fit with the established layout of MANN-FILTER in the Chinese aftermarket.
MANN+HUMMEL Group is a global leader in filtration solutions and is dedicated to the development and supply of original ancillary equipment for the international automotive and construction machinery industries. Currently, the MANN+HUMMEL Group employs 14,338 people in more than 50 locations around the world. In 2011, its turnover reached 2.5 billion euros.
10. Anshan Senyuan has acquired RMB 80 million in cash to acquire Jilin Highway
On September 12, 2012, Anshan Senyuan Stock Co., Ltd. and all shareholders of Jilin Province Highway Machinery Co., Ltd. signed the "Anshan Anliangyuan Road Bridge Co., Ltd. conditionally effective cash purchase assets framework agreement." According to the agreement, Anshan Senyuan intends to purchase Jilin Provincial Highway Machinery Co., Ltd. legally held by Jilin Provincial Highway Machinery Co., Ltd. as a cash payment to purchase 100% of the equity of Jilin Province Highway Machinery Co., Ltd., and the cash amount shall not exceed 80 million yuan. After the completion of the transaction, Jilin Provincial Highway Machinery Co., Ltd. became a wholly-owned subsidiary of Anshan Senyuan. China asphalt mixing equipment industry shuffles soon.
After the editorial: Demand for construction machinery fell to the bottom in 2012, and there were multiple market issues such as overcapacity, huge social holdings, overdrafts in demand, slowdown in economic and infrastructure investment, and credit sales risks. Mergers and reorganizations among enterprises became a landscape. Construction machinery online industry analysts believe that the acquisition of foreign brands by Chinese companies is part of the national development strategy and is an important measure to open the international market. Foreign companies entering the Chinese market are optimistic about the future prospects of China's economic development.
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