Sany Group to buy German concrete mixer maker

Sany Group Co Ltd, the country's biggest machinery maker, has signed off an 8.1 million euro ($1.21 million) deal to buy a German manufacturer of concrete mixers.

Intermix GmbH is the third biggest concrete mixer maker in Europe. The company, which was hit hard during the financial crisis, has net assets of 3.16 million euro at the end of 2011. Revenue for 2011 was 10.1 million euro, only one-third of the 30 million euro in 2007.

The deal marks a renewal of SANY's international push. The company came under spotlight after paying 525 million euro for Putzmeister, a world leader of heavy machinery in Germany.

来源：中国日报 编辑：文新征