Putzmeister acquires Intermix

By Helen Wright20 July 2012

Concrete pump producer Putzmeister has expanded its presence in the concrete sector with the acquisition of German truck mixer manufacturer Intermix from its owner Hans-Georg Stetter.

Privately-held Intermix is the third largest producer of truck mixers after rivals Liebherr and Schwing Stetter, and produces up to 800 machines annually. For 2012, a spokesman said Intermix would report revenues of around €20 million.

The company is headquartered in Heimertingen, near Memmingen in southern Germany, where it also has a customer service and logistics centre.

Putzmeister, which itself is owned by Chinese construction equipment manufacturer Sany Heavy Industry, said the deal would complement its own portfolio.

Putzmeister said it would immediately start distributing Intermix truck mixers through its global sales network. CEO of Putzmeister Norbert Scheuch said, "This acquisition rounds out our portfolio perfectly."

The deal comes after a string of consolidation in the German concrete equipment industry. Chinese manufacturer XCMG closed its acquisition of Schwing Stetter earlier in July, while the Sany/Putzmeister deal closed in March.

Latest News
Sinoboom appoints regional manager for Poland
Lucjan Bogdan will also oversee Latvia, Lithuania and Belarus
Arcadis predicts high construction price inflation into 2022
Updated tender price forecast highlights inflationary pressures for 2021 and predictions for the new year 
NCC to construct wooden office building in Denmark
Sustainable government hub will be constructed for Danish Building and Property Agency in 2022