ZOOMLION actively implement the purchase plan of Terex
The survival of the fittest, this is the irreversible nature law of survival, since last year, affected by the economic downturn, engineering machinery suffered great trauma, mergers and acquisitions almost become a trend, the central enterprises reform is taking the lead, even some large international companies can not survive.
In January 27th, ZOOMLION's attitude, in the past few months, a potential deal with Teleikesi is discussed, and to the board of directors of the non binding offer Teleikesi all issued shares. Although it is still not scheduled for the first time, the China Federation of heavy industry will increase the discussion and continue to carry out the project.
ZOOMLION announced that the transaction is a good opportunity for ZOOMLION's strategic transformation, the extension and upgrading of the industrial chain, the international synergy of production capacity and manufacturing cost. More importantly, the deal can speed up the company's global strategy. At the same time, it will also increase the company's performance.
Terex is headquartered in the United States, 1991 listed on the New York stock exchange, is second only to Caterpillar America's second largest construction machinery manufacturer. Its core businesses include aerial work platforms, engineering cranes, construction machinery, industrial cranes, port machinery and material handling machinery.
Since 2012, China's construction machinery industry has passed the peak of "twenty years of gold" into the period of deep adjustment. The advantages of China's engineering machinery are mutually beneficial and mutually beneficial through a variety of forms of international cooperation. Terex years in the world's major markets, has a good industrial base and market channels. It can be expected that ZOOMLION's acquisition of Terex, both sides can be formed in the international collaborative capacity resources, supply chain resources and channel resources.
Such a deal can be completed, and ZOOMLION's revenues, profits and assets will be greatly improved. In 2014, Teleikesi sales revenue of $7 billion 300 million (about 44 billion 700 million yuan), ranked fifth in the global construction machinery industry. The sales revenue of ZOOMLION in that year was 25 billion 900 million yuan, and the total sales revenue of both sides had exceeded 70 billion RMB.
This transaction will be the first large-scale overseas merger and acquisition undertaken by relevant countries in the related key industries since it was issued by the state on the guidance of promoting cooperation in international capacity and equipment manufacturing. It is a major move for ZOOMLION's internationalization strategy. In order to become a real world class enterprise, Chinese enterprises must integrate into the global industrial ecology and carry out the allocation of resources around the world.
Public information display, 2014 85% ZOOMLION business focused on Chinese, Terex business 72% concentrated in Western Europe and North america. If the transaction is completed, ZOOMLION's business will be full coverage of the global market and become an international business of a global business. At the same time, it will greatly enrich ZOOMLION's industrial chain, and enter 3 leading business areas such as aerial work platform, industrial crane and port machinery and material handling machinery. The profitability and risk tolerance capabilities will be significantly improved.
At present, the strategic transformation of ZOOMLION has gradually fallen to the ground. The financial services sector has played an important role in the development of three major solid plates in engineering machinery, agricultural machinery and environmental industries through the combination of financial and financial services. Public information shows that ZOOMLION has abundant cash and has a smooth financing channel, which can provide full guarantee for the transaction. The reporter learned that ZOOMLION's current asset liability rate is about 58%, at a lower level in the industry.
ZOOMLION announced that at present, the project has obtained the confirmation letter from the relevant national departments, and has also obtained the confirmation letter about the financing support of the financial institutions. The company will continue to actively promote the transaction.
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