Most popular Zoomlion large-scale mergers and acqu

Zoomlion's large-scale mergers and acquisitions change the industry development pattern

Zoomlion's large-scale mergers and acquisitions change the industry development pattern

China Construction machinery information

Guide: a major reorganization and merger with the purpose of changing the pattern of China's construction machinery industry was officially signed in Changsha, Hunan Province on August 30, and also took a technical position in Claus mafi company, Zoomlion thus closed the main operating assets of Puyuan group, a leading domestic engineering hoisting machinery enterprise. Insiders said that this happened in the two strong enterprises in the construction machinery industry

a major restructuring and merger aimed at changing the pattern of China's construction machinery industry was officially signed in Changsha, Hunan Province on August 30, whereby Zoomlion closed the main operating assets of Puyuan group, a leading domestic construction hoisting machinery enterprise. Insiders said that the merger and acquisition of two strong enterprises in the construction machinery industry will change the development pattern of China's construction machinery industry, and the large-scale alliance of expansion and strength will open a new wave of restructuring and mergers and acquisitions in the construction machinery industry

it is reported that the reorganization and merger involves Zoomlion and its major shareholders Changsha Construction Machinery Research Institute, Puyuan group, Puyuan Construction Machinery Co., Ltd. The whole process is carried out according to the basic idea of "restructuring and merger, synchronous operation, equity replacement and step-by-step implementation", that is, first audit and evaluate the assets of Puyuan group and Puyuan construction machinery, straighten out the labor contract relationship of employees, and solve the institutional obstacles for restructuring and merger. Then Zoomlion will invest to acquire the main operating assets of Puyuan group, making Puyuan construction machinery a wholly-owned subsidiary of Zoomlion. Under the new mechanism and new investment, Realize the rapid development of the enterprise. Other assets that have not been acquired into Zoomlion are transferred to Changsha Construction Machinery Institute. The unique mode of restructuring and M & A of Sifang has provided a strong guarantee for the quality of Zoomlion's M & A

industry insiders pointed out that since 2000, the construction machinery market has continued to blowout, and there has been a rare general boom in the whole industry. In 2001 and 2002, the sales revenue of the construction machinery industry reached 56 billion yuan and 77.3 billion yuan respectively, and the profits were 3.37 billion yuan and 4.64 billion yuan respectively. In 2002, both indicators increased by more than 35% over the previous year. However, the overall scale reflected by this figure is nothing compared with international giants. The sales revenue of caterpillar in the United States alone exceeded US $20billion in 2002, which is more than twice the total sales revenue of the industry standard, national standard and international standard industries that China has actively promoted the core technology with independent intellectual property rights in our province. Scale has always been a gap that domestic construction machinery enterprises have not crossed when facing international giants. Today, when people are eager to strive for scale effect, industry resource integration has become a consensus, and it is time to restructure and merge

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