Independent journal on economy and transport policy
13:43 GMT+1
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Chinese CIMC will buy the German group Albert Ziegler
the Germanic society is one of the first five world-wide producers of fire engines
November 12, 2013
The Chinese company Lowers International Marine Containers (Group) Co. (CIMC), world leader in the field of the container production intermodal, have signed an agreement through the society integrally controlled CIMC Ziegler in order to acquire all the assets of the German Albert Ziegler GmbH & Co. KG, parent company of the Albert Ziegler group, and nine branches in Germany and abroad for a total of about 55 million euros.
The Ziegler group, that it is founded to Giengen, in Germany, in 1891, is one of the first five world-wide producers of fire engines and has seven productive plants, of which three in Germany (Giengen, Rendsburg and Mühlau), two in Holland (Winschoten and Leeuwarden), in Croatia (a Zagreb) and in Indonesia (Giacarta). In August 2011 Albert Ziegler GmbH has introduced failure request.
CIMC it has motivated the acquisition explaining that there is a forecast of increase of the market of the vehicles of aid and the fire engines in China, market in which the company it intends to join.
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The Chinese company Lowers International Marine Containers (Group) Co. (CIMC), world leader in the field of the container production intermodal, have signed an agreement through the society integrally controlled CIMC Ziegler in order to acquire all the assets of the German Albert Ziegler GmbH & Co. KG, parent company of the Albert Ziegler group, and nine branches in Germany and abroad for a total of about 55 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
