The year 2022 marks the 10th anniversary of SANY's acquisition of Putzmeister. 
Back in 2012, SANY Germany and CITIC PE acquired 100% of the equity shares in 
Putzmeister for 360 million euros. As a young and ambitious enterprise, this 
was a milestone move for SANY as well as a game-changing event in the landscape 
of the global construction machinery industry.     

Over the past decade, Putzmeister, already a top concrete machinery 
manufacturer in Europe, has achieved steady growth and development under SANY 
Group. Putzmeister's sales volume grew from €500 million in 2011 to more than 
€800 million in 2021, maintaining its leading position in the global concrete 
machinery market.  

With its R&D, manufacturing and sales network expanding to cover Europe, 
America, and Asia-Pacific regions, the former German family company now enjoys 
a broader global presence in 154 countries and regions.  

Over the past decade, Putzmeister has been integrated into SANY's global 
business map. Today, nearly half of the concrete machinery products around the 
world bear the logo of Putzmeister or SANY.

For SANY, Putzmeister provides applicable experience in internationalization, 
intelligent manufacturing, and concepts and practices compatible with the 
fourth industrial revolution. For Putzmeister, its capability of developing new 
businesses is reinforced by SANY's financial support and resources.

The R&D cooperation between the two companies has been evidently fruitful. The 
joint R&D teams have successfully launched the V8 series and the 45m 
truck-mounted concrete pump for the European market and are now taking the lead 
in the new arena of electric, intelligent, and digital products. Putzmeister 
has released the world's first hybrid truck-mounted concrete pump - "iONTRON" 
and has applied big data technology in the concrete production, transportation, 
and placement process to improve productivity, operations, and fuel efficiency.

Both companies serve to open up markets for one another. More Putzmeister 
products gained access to the Chinese market through SANY, such as 
Putzmeister's shotcreting machines, mortar machines, industrial pumps, and 
telebelt. Similarly, many of SANY's products have become globally visible 
through Putzmeister's network. "Compared to the sales growth," said Dr. Jiang 
Xiangyang, Chairman's Representative on behalf of SANY and Board member at 
Putzmeister Holding GmbH, "the significance of the acquisition lies in that it 
gave SANY a closer view of a leading company in the west, the market in 
developed countries, and their way of company governance." 

To date, the partnership between SANY and Putzmeister has yielded exponentially 
positive results in the areas of training, employee exchanges, R&D, and 
business development. Hand in hand, their partnership has yielded far better 
results than either company alone. One plus one has created far greater results 
than two.  

SOURCE:  SANY Group

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