Upon completion of the transaction, the company will ultimately hold a 10% stake in Palfinger. Palfinger will, through its wholly-owned subsidiary, invest 110 million euros to increase the capital of the company's wholly-owned subsidiary Sany Automobile Hoisting Machinery Co., Ltd. Upon completion of the transaction, Palfinger will indirectly hold a 10% equity stake in Sany Crane.

It is understood that Palfinger was founded in 1932 and specializes in the manufacture of loader cranes. It is a world-renowned provider of loading and unloading equipment.