Photo courtesy of Schwing America Inc. Schwing is a major manufacturer of concrete pump trucks, stationary pumps, truck mixers and batch plants. Related Links: XCMG Said Taking Stake in Schwing XCMG Buys Majority in Schwing (Reuters) China's Xuzhou Construction Machinery Group, or XCMG, has acquired a majority stake in Germany’s Schwing Group GmbH, news agency Reuters says. The deal confirms earlier reports in ENR during the "World of Concrete" show in Las Vegas.German management will remain in charge, said XCMG Chairman Wang Min in a statement. The 78-year-old Schwing brand is a critical part of XCMG’s “strategic development" for expanding
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.