# Dingli to acquire 25% stake in MEC for $20 million

Dingli Machinery announced plans to invest $20 million to acquire a 25% stake in aerial lift manufacturer MEC - California Manufacturing & Engineering Company. The transaction is expected to close early in 2018.

- Type: Acquisition
- Announced: 2017-12-06
- Where: Mayville, Wisconsin, United States
- Value: $20.0M
- Status: announced
- Products: aerial work platforms, scissor lifts, boom lifts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dingli Machinery](https://endata.com/companies/28639.md) (investor)
- [MEC - California Manufacturing & Engineering Company](https://endata.com/companies/28640.md) (target)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/29478/dingli-acquires-stake-in-mec), 2017-12-06: "China’s leading aerial work platform manufacturer Dingli Machinery has announced plans to invest $20 million to acquire a 25 percent stake in aerial lift manufacturer MEC - California Manufacturing & Engineering Company."

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