# XCMG Machinery to acquire 51% of Xuzhou Xugong Heavy Vehicle for 821 million yuan

XCMG Machinery announced plans to acquire a 51% stake in Xuzhou Xugong Heavy Vehicle Co., Ltd. from Nanjing Xugong Automobile Manufacturing Co., Ltd. for 821 million yuan. The acquisition aims to strengthen XCMG's mining machinery business.

- Type: Acquisition
- Announced: 2025-04-18
- Where: China
- Value: $113.0M (821.0M CNY)
- Status: announced
- Products: mining machinery
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [XCMG Machinery](https://endata.com/companies/58761.md) (acquirer)
- [Xuzhou Xugong Heavy Vehicle Co., Ltd.](https://endata.com/companies/84238.md) (target)
- [Nanjing Xugong Automobile Manufacturing Co., Ltd.](https://endata.com/companies/84239.md) (partner)

## Sources

- [webull.com](https://www.webull.com/news/12665926740853760), 2025-04-18: "This transaction will help the company establish a competitive advantage in complete and serial products for mining machinery."

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