# LiuGong sells subsidiary's production assets to Polish HSW

LiuGong's wholly owned subsidiary LiuGong Dressta Machinery sold its main production assets, including land, buildings and equipment, to Polish company HSW for 212 million zloty (about 360 million yuan). Employees will transfer with the assets.

- Type: Acquisition
- Announced: 2023-10-08
- Where: Poland
- Value: $50.0M (212.0M PLN)
- Status: completed
- Products: production assets for Dressta brand equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [LiuGong](https://endata.com/companies/16619.md)
- [LiuGong Dressta Machinery](https://endata.com/companies/19054.md) (partner)
- [HSW](https://endata.com/companies/47157.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1002957.html), 2023-10-08: "本次出售柳工锐斯塔相关资产，将Dressta产品制造业务转移至国内，综合制造成本可降低30%以上。"

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