XCMG Construction Machinery led a $205m funding round in Horizon Construction Development.

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.