XCMG acquired 70% of the shares of Fluitronics
Client
Xuzhou Construction Machinery Group（XCMG)
the largest chinese construction machinery manufacturer, with a turnover of over 3 billion Euro (2011)
Project Outline
· Buyer: XCMG(Hongkong) International Development Co., Ltd.
· Seller: Triadon GmbH
· Target: The German Hydraulic system supplier Fluitronics GmbH, turnover: ca. 18 Mio. Euro ( 2011)
· Our service: successful support as the exclusive M&A buyer consultant in the acquisition of a Dutch Hydraulic valve manufacturer by XCMG followed by the acquisition of the target company by XCMG.
· 70% shares acquisition finished in the first phase. The rest 30% shares will be acquired in two years.
· Contract signed in May 2011
· Project closed in June 2011.
Highlights
· As the first M&A case of XCMG in Europe, the personnel and ordinary business operations remained stable after the project was closed
· The European R&D Center of XCMG was built with the target company as a platform
