Putzmeister Merges with Sany
While Sany’s financial strength is promising for Putzmeister’s growth prospects and provides a significant competitive advantage, Sany will add to its portfolio a wide range of technologically cutting-edge products and innovations made by Putzmeister, while acquiring a strong distribution and service network outside of China. Putzmeister will remain an independent brand within the Sany Group. All operations involved in the manufacturing and distribution of Putzmeister America equipment will continue to be based out Sturtevant, Wisconsin. Outside of China, Aichtal, Germany, will become Sany’s new world headquarters for concrete pumping machinery. Sany will focus on operations in China, while Putzmeister will continue as the premium brand. Norbert Scheuch will remain in his position as CEO of Putzmeister within Sany and will join the Sany executive board. Putzmeister engineers, manufactures and distributes construction machinery, including concrete pumps, internationally for the building and mining industries, as well as for tunnel construction and large-scale industrial projects. Sany, based in Changsha, China, is a large Chinese producer of construction machinery and market leader for concrete pumps in China. The merger between the leading concrete pump provider outside of China with the Chinese market leader in concrete pumps will support the creation of a global market leader for concrete pumps.