三一并购悬局 机械巨头的国际化恶战

Sany Group:A Severe M&a Battle

经过多年打拼和国际金融危机催化，中国工程机械行业收获了两大机遇：第一，全球重型机械产业重心移到中国；第二，陷入危机的跨国巨头，向中国企业伸出被并购的橄榄枝。

Liang Wengen,chairman of Sany Group announced on January 31st that its subsidiary Sany Heavy Industry,together with Citic PE Advisors jointly acquired 100% shares of Pulzmeister,a German company.The world engineering machinery industry was shocked,and the rivals were caught unprepared.However,unexpected troubles came one after another to Sany.Protests came from both Chinese and German employees of Pulzmeister.And it was severely criticized by Zoonlion,another engineering machinery giant in China.Moreover,there were people believing Sany Heavy Industry buying a "sick elephant".Why the high-key Sany Heavy Industry showed no sign before M&A? Is there a ground for Zoonlion' s criticism to Sany? Whether Putzmeister a real "sick elephant" ? Facing the first marriage to international corporations,how should we react?