# Zhejiang Dingli acquires 25% stake in CMEC for $20M

Zhejiang Dingli, a Chinese aerial work platform manufacturer, signed an agreement on December 1, 2017 to purchase a 25% equity stake in US-based CMEC for $20 million, to expand its presence in the US market.

- Type: Acquisition
- Announced: 2017-12-01
- Where: United States
- Value: $20.0M
- Status: announced
- Products: aerial work platforms
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zhejiang Dingli](https://endata.com/companies/28619.md) (acquirer)
- [CMEC](https://endata.com/companies/28620.md) (target)

## Sources

- [gkzyjx.lmjx.net](https://gkzyjx.lmjx.net/news/2017120608520437.shtml), 2017-12-06: "浙江鼎力和美国CMEC 公司签署协议，以 2000 万美元购买CMEC公司25%股权。"

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