# Dymon Asia to acquire RAM SMAG Lifting Technologies from Salzgitter

Southeast Asia-focused private equity firm Dymon Asia is acquiring RAM SMAG Lifting Technologies Pte Ltd, the Singapore-based spreader manufacturer and unit of German lifting equipment maker Salzgitter Maschinenbau Group. The deal is expected to close by end of September 2022; financial terms were not disclosed.

- Type: Acquisition
- Announced: 2022-08-27
- Where: Singapore
- Status: announced
- Products: spreaders for container handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Salzgitter Maschinenbau](https://endata.com/companies/63864.md) (partner)
- [Dymon Asia](https://endata.com/companies/64962.md) (acquirer)
- [RAM SMAG Lifting Technologies](https://endata.com/companies/64963.md) (target)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/dymon-asia-to-buy-german-lifting-equipment-firm-salzgitters-singapore-unit/), 2022-08-27: "Southeast Asia-focused private equity firm Dymon Asia is buying German lifting equipment maker Salzgitter Maschinenbau Group’ (SMAG) Singapore unit RAM SMAG Lifting Technologies Pte Ltd, the companies said on Friday."

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