# XCMG merges with XCMG Co. Ltd. in $5.7B deal

XCMG Machinery merged with its controlling shareholder XCMG Co. Ltd. in a 38.686 billion yuan ($5.7 billion) transaction, injecting assets including excavation, concrete, and mining machinery into the listed company.

- Type: Acquisition
- Announced: 2022-07-15
- Where: China
- Value: $5.70B (38.7B CNY)
- Status: completed
- Products: excavation machinery, concrete machinery, mining machinery, cranes, loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md) (target)
- [XCMG Machinery](https://endata.com/companies/58761.md) (acquirer)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/construction-equipment/article/15294257/chinese-manufacturer-xcmg-aims-to-climb-up-global-market-ladder), 2022-07-15: "The largest acquisition and merger transaction in China's equipment manufacturing industry was recently approved by the China Securities Regulatory Commission."
- [tradeearthmovers.com.au](https://www.tradeearthmovers.com.au/xcmg-shifts-focus-to-construction/), 2022-07-26: "The largest merger transaction in China’s equipment manufacturing industry has been approved by the China Securities Regulatory Commission (CSRC)."

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