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Led by Infore Holding, Zoomlion was bought with 11.6 billion yuan
Released time:2017-05-22Pageviews:24126
On May 21, Infore Investment Holding Investment Co.,Ltd ( Infore Holding), Guangzhou Private Investment investment partnership enterprise ( Limited partnership), Shanghai Green Junhe industry equity investment fund partnership ( Limited partnership), Honggen ( Shenzhen) Investment Center ( ( Limited partnership) signed equity transfer agreement with Zoomlion Environmental Co.,Ltd. The four companies have jointly paid $11.6 billion for an 80% stake in Zoomlion environmental industries. Infore Group purchased a controlling 51% of environmental industry companies for $7.4 billion. The acquisition is Infore holding company's overall acceleration of the environmental protection industry, improving high-end equipment and environmental protection industry, and entering into the important measures in the field of sanitation equipment and sanitation project operation services, which reflects Infore’s decision to make a strong and environmental protection industry.
Rooted in industry to speed up environmental strategy layout
Infore Investment Holding Group Co.,Ltd ( Infore Group) was found in 1994 in Shunde, Guangdong, specializing in environmental protection and high-end equipment, maternal and infant and large consumption, investment and asset management, culture and art, new materials of science and technology. Infore Holding is the largest shareholders together with E Fund Management Co.,Ltd and one of the founders of Guangdong Private Investment Stock Co.,Ltd.
Since Infore Holding established high-end equipment and environmental protection division in 2015, the company has formed China's leading comprehensive environmental protection platform covering environmental monitoring, environmental management and operation services, solid waste treatment, water treatment, hazardous waste treatment and soil restoration.
After holding Zoomlion, Infore Holding will have the most complete environmental protection industry platform in China, building comprehensive environmental protection platform covering environmental protection equipment, environmental monitoring, environmental management and environmental operation services.
Zoomlion Environmental Industry Co.,Ltd is the leading whole environmental industry group integrated with environmental equipment manufacturing, investment, operation, specializing in research and manufacture of high-tech equipment such as sanitation machinery and environmental equipment, investment and operation of environmental projects and sanitation PPP projects.
In environmental equipment manufacturing, Zoomlion became the leader in environmental protection equipment segment market. Its core products are three cars (wash, sweeper, garbage truck) and account for more than 60% in the domestic market. The products include road cleaning, garbage collection and transportation, municipal maintenance, new energy vehicles and garbage sorting, kitchen waste, construction waste, sewage sludge, leachate treatment and other environmental management equipment. There are nearly 200 models in 10 categories, with a capacity of over 10,000 sets. In 2016, operating revenue exceeded 5.6 billion yuan, with a net profit of more than 750 million yuan. As the largest manufacturer of sanitation equipment in the country, it has led and participated in the formulation of more than 80% technical standards in the industry. The market share of sanitation products has been the first in the country for 15 consecutive years.
Upon completion of the acquisition, Infore Holding will work with Zoomlion via its strong capital strength, environmental comprehensive monitoring and management capacity and project operation ability, which will greatly enhance the ability of the customers to provide comprehensive environmental monitoring and governance solutions for water, gas, soil, solid waste and hazardous waste.
Infore Holding spokesman said that Infore Holding is committed to building several leading industrial development platforms, based on the business model of “investment + industry”, with the mission of “ rooted in industry to create value”, aiming at becoming a first class diversified industrial investment holding group. The holding of Zoomlion is an importance measure after lead to set up a 3 billion environmental protection industry fund and set up a number of high-end smart equipment industry investment funds with government.
“From the perspective of enterprise development, to find new industries to acquire mergers and acquisitions, it is certain to find a certain relevance to its own industry, or a cooperative partner with resource cooperation.” Infore Holding spokesman said that the company has perfected the layout of Infore's environmental protection industry and high-end intelligent equipment industry, and realized the cooperation of internal industrial platform resources, which is another strategic layout of optimizing resource allocation and promoting industrial upgrading.
