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Largest concrete takeover

The construction equipment industry, dominated by the US, has a new challenger from the Chinese markets in the form of Sany. Sany Heavy Industry Co., the construction-equipment maker run by China's richest man, employing 70,000 people worldwide with operations in 150 countries and a three quarter turnover of $1.7 billion,

Sany clinches largest German deal with Putzmeister

German concrete pump maker Putzmeister Holding will go into the hands of Chinese firm Sany Heavy Industry as the latter will buy 100 percent stake in the former in partnership with the fellow national private equity company CITIC PE Advisors.

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