Zoomlion Heavy Industry Science & Technology Co Ltd (00157.SZ), China's leading construction machinery producer, will buy a 57-percent stake in Ladurner Ambiente S.P.A. for 67 million Euros, according to a recent press releases by the Mandarin Capital Partners.
After the transaction, Zoomlion and Mandarin Capital will take a 57-percent and 18-percent stake in Ladurner, respectively, while the stake held by the family Ladurner will drop to 25 percent.
The acquisition of Ladurner is not a financial operation but a real industrial integration. In addition, Italy has an excellent industrial base and many healthy companies with good experience in the fields of technology, innovation as well as marketing and brand, said Zhan Chunxin, chairman of Zoomlion. "At the moment we are still at the starting point but thanks to the synergies that will be emitted from the aggregation with Ladurner, I can safely expect growth rates ranging from 50 to 100%," said Zhan.
Ladurner, specializing in technologies for waster disposal, now manages 30 projects in Europe in design, construction and operation of plants for the treatment of solid waste and the production of renewable energy from garbage, liquids and agricultural biomass. At present, its annual turnover is in a range between 60 million Euros and 70 million Euros.
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