Announced
Completed
Financials
Sources
Tags
Construction Services
China
construction equipment
Cross Border
Acquisition
Completed
Private Equity
Private
Minority
Friendly
Venture Capital
Synopsis
XCMG Construction Machinery, a truck manufacturer, led a $205m funding round in Horizon Construction Development, a provider of construction equipment. Additional investors include Hillhouse Capital, CMB International, Zoomlion, Zhejiang Dingli Machinery, Lingong Machinery and Terex. Upon completing the deal, Horizon plans to advance its technologies and services to improve efficiencies in urban construction. The firm will on providing three major equipment, namely new-generation construction support systems, formworks, and aerial work platforms.
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