# Seven Group sells WesTrac China to Lei Shing Hong Machinery for $540M

Seven Group Holdings has agreed to sell its WesTrac China division to Lei Shing Hong Machinery for $540 million. The sale allows Seven Group to reallocate capital to Australia, including investment in the local WesTrac business.

- Type: Acquisition
- Announced: 2017-08-22
- Where: China, China
- Value: $540.0M
- Status: announced
- Products: construction and mining equipment dealership services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Seven Group Holdings](https://endata.com/companies/9516.md)
- [WesTrac](https://endata.com/companies/21577.md) (target)
- [Lei Shing Hong Machinery](https://endata.com/companies/26440.md) (acquirer)

## Sources

- [australianmining.com.au](https://www.australianmining.com.au/seven-group-offloads-westrac-china-540m/), 2017-08-22: "WesTrac's Chinese division will be sold to Lei Shing Hong Machinery for $540 million after parent company, Seven Group (SGH), secured a deal with the buyer."

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