# Shantui Construction Machinery to acquire Dezhou Degong and Shandong Degong for 413 million yuan

Shantui Construction Machinery announced it will acquire a 56.6403% stake in Dezhou Degong Machinery and 100% of Shandong Degong Machinery from Shandong Heavy Industry Group for a total of 413.08 million yuan in cash. The deal will give Shantui full ownership of Dezhou Degong and aims to integrate its loader business.

- Type: Acquisition
- Announced: 2022-01-11
- Where: China
- Value: $61.0M (413.1M CNY)
- Status: announced
- Products: loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shantui Construction Machinery](https://endata.com/companies/29431.md) (acquirer)
- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md) (partner)
- [Dezhou Degong Machinery](https://endata.com/companies/60246.md) (target)
- [Shandong Degong Machinery](https://endata.com/companies/60247.md) (target)

## Sources

- [news.d1cm.com](https://news.d1cm.com/20220111134753.shtml), 2022-01-11: "山推股份发布公告称，公司拟采用现金方式以41308.27万元的交易对价购买山东重工集团有限公司持有的德州德工机械有限公司56.6403%股权以及山东德工机械有限公司100%股权。"

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