# LiuGong acquires 51% stake in Shanghai Jintai Engineering Machinery for $85.24M

LiuGong Machinery Corp. has announced the acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd. for 546 million RMB ($85.24 million), adding piling machines to its product portfolio.

- Type: Acquisition
- Announced: 2017-12-12
- Where: China
- Value: $85.2M (546.0M CNY)
- Status: completed
- Products: piling machines, underground hydraulic diaphragm wall grabs, rotary drilling rigs, engineering drilling rigs, multi-axis drilling machines
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LiuGong Machinery Corp.](https://endata.com/companies/18028.md) (acquirer)
- [Shanghai Jintai Engineering Machinery Co., Ltd.](https://endata.com/companies/18029.md) (target)

## Sources

- [oemoffhighway.com](https://www.oemoffhighway.com/market-analysis/industry-news/press-release/20985573/liugong-machinery-corp-liugong-acquiring-shares-of-piling-foundation-machinery-business), 2017-12-12: "The acquisition allows LiuGong to add piling machines to its product portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.