China machinery manufacturing giant international merger and acquisition speed

Source: Ningbo Yinzhou Danfeng Machinery Factory  Author :   Time: 2013-01-14

In Sany and ZOOMLION close to cause people to focus on China machinery manufacturing industry at the same time, the industry giants also coincidentally in the management internationalization. A few days ago, ZOOMLION said the announcement, plans through holding subsidiary company contributive 236000000 dollar buys European concrete machinery giant CIFA other shareholders of the company 40.68% stockholder's rights, thus realizing the full CIFA holdings, " internationalization " as its important reason.

According to the announcement shows, the other shareholders including Mandarin 40.68% equity fund holding 8.94% stake, Hirotake investment holding 17.84% stake in Goldman Sachs, holding 12.77% stake, CIFA company management holding 1.13% stake. In 2008, ZOOMLION invested jointly investor Hirotake, Goldman Sachs, Mandarin fund completed the Italy CIFA's 100% stake, and established the Hongkong CIFA company. Four years later, ZOOMLION " to further promote the company's strategy of internationalization development, bigger and stronger company advocate course of study ", the acquisition of the equity, in order to achieve the CIFA exclusive control.

" This time the other investors in the hands of the CIFA repurchase shares, the main purpose is to consolidate the integration with CIFA achievement, accelerate the internationalization of the company layout and process integration, improve operating efficiency. " ZOOMLION vice president, concrete machinery company general manager Chen Xiaofei said.

And like ZOOMLION, now many domestic machinery manufacturing enterprises are seeking internationalization through mergers and acquisitions, including high-profile Sany acquired Germany Putzmeister, Weichai Power Purchasing Linde hydraulics 70% shares, Qinchuan machine tool group merged with the United States ABM broaching systems as well as the first Beijing machine tool group and the German Wo Kapog machine factory.

In addition to mergers and acquisitions, Sany is through " move to Beijing " accelerate the internationalization of. In November last year, President Liang Wengen declared three one Sany headquarters will move to Beijing. But for the sudden move, Sany said, mainly to avoid vicious competition, accelerating the process of internationalization of the company.

" Two machinery manufacturing giants in the domestic war, do they also to the fight way to contend with international brand? " The personage inside course of study inquired, "for a long time, between enterprises of acrimony and malignant competition will only cause destruction to both sides, to the development of the industry, the harm of no profit. In addition, the internationalization of the Chinese mechanical manufacturing industry needs more win-win cooperation, China machinery manufacturing technology level requires a communication platform, to enhance the international competitiveness of the industry. " The personage is analysed further.

Notable is, at present, China's machinery manufacturing enterprises in the international arena on the strength not strong. International media authority, International Construction ( " international construction " magazine ) released the 2012 annual global engineering machinery YellowTable rankings, none of Chinese enterprises into the top five. In addition to the expert points out, at present Chinese engineering machinery manufacturing industry in the technical level is still at the low end of industrial chain, the lack of well-known brands, high-end products and core competitiveness.

Thus, mechanical manufacturing industry " to follow the road of internationalization. ", but fortunately, it is usher in turn. Eighteen big report puts forward clearly, want to promote strategic emerging industry, advanced manufacturing industry health develops, accelerate the transformation and upgrading of traditional industries. And internationalization will be regarded as the upgrading of the manufacturing industry is an important breakthrough.

However, regardless of how " go", cooperation is necessary. " Chinese equipment manufacturing industry should further strengthen international industry organizations and manufacturers cooperation, held in the products, technology exchange, forum, trade and other aspects to carry out extensive cooperation, to promote the global manufacturing industry development and make a responsible power contribution. " China Machinery Industry Federation President Wang Ruixiang said.