Schwing

Liebherr is adding to its product range with the acquisition of the German concrete pump manufacturer Waitzinger. This deal broadens the existing Liebherr-Mischtechnik product range and the company says it has plans underway for further expansion of this business segment. Waitzinger is based in Neu-Ulm, close to the Bad Schussenried facility where Liebherr-Mischtechnik is based. The deal was signed between the managing directors of Liebherr-Mischtechnik and Waitzinger Baumaschinen.

XCMG has staged a foundation laying ceremony to mark the start of work on the Chinese construction machine manufacturing giant’s first European HQ. Based in Krefeld, Germany, XCMG Europe’s state-of-the-art €36million plus home is set to be completed and operational by July 2013. Meanwhile, the ambitious firm has completed a stockholding rights transfer which gives it a controlling 52% stake in renowned German concrete machinery firm Schwing.

XCMG is believed to be in advanced negotiations over the purchase of major concrete machinery manufacturer Schwing as part of its ambitious plans to break into the top three companies for construction machine sales by 2015. One company source said the acquisition of Germany-based Schwing would be a “big thing” for the global construction machinery industry. “We feel they can contribute to our competitiveness in the concrete machinery sector. Our lower manufacturing costs and their high level technology make