China's Zoomlion buys 57% stake in Ladurner

CHANGSHA - Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner.

Zoomlion said it had teamed-up with Mandarin Capital to pay 67 million euros for a 75 percent stake in Ladurner. Mandarin Capital takes a 18 percent stake.

Ladurner now operates more than 30 environmental projects worldwide. It has sewage disposal capacity of 10 million cubic meters and solid waste disposal capacity of 1 million tonnes.

This is Zoomlion's first overseas environmental firm acquisition, after a series of construction machinery deals.

Zoomlion said it will bring the leading waste treatment technology to China.