Sany International Acquires Sany Petroleum Technology to Enter Oil and Gas Equipment Industry

Sany International Acquires Sany Petroleum Technology to Enter Oil and Gas Equipment Industry

April 17, 2023

After the market on April 12,Sany International, a listed company in the heavy machinery sector of Hong Kong stock market(00631.HK)The announcement said,The Company has agreed with the SellerSany Perpetual Enterprise Holdings Company LimitedSign the acquisition agreement,It will purchase its holding of Sany Petroleum Technology Hong Kong Limited.(Short name“Sany Petroleum Technology”)All equity,The appraised value of the entire equity interest in the asset is RMB42.3 million..8.1 billion yuan。

It is worth noting that,After considering the valuation, the final price of the transaction is determined to be 29..8 billion yuan,The company purchased oil equipment assets at a discount.,It reflects the support of major shareholders for Sany International.。Since Sany International issued the acquisition announcement,,The stock price performance shows the recognition of the acquisition by the capital market.。

According to the announcement,Sany Petroleum Technology was founded in 2015.,Is a holding company,Its main business is operated by Sany Petroleum Intelligent Equipment and its subsidiaries.。It is mainly engaged in oil and gas field fracturing and cementing stimulation related equipment and technical services.,Committed to ensuring national energy security,Provide security for customers、Efficient、Intelligence、Environmentally friendly petroleum equipment packages and integrated solutions and services。The acquisition marks another expansion of Sany International's energy equipment business.,Formally enter the oil and gas equipment industry。

The financial information disclosed in the announcement shows that,The total assets of Sany Petroleum Technology are about 23..0.1 billion yuan,Achieve 20% revenue in 2022.8.7 billion yuan,Net profit 3.8.6 billion yuan,Gross profit margin 35.5%。Upon completion of the acquisition,Sany Petroleum Technology will become a wholly-owned subsidiary of Sany International.,Its financial results will be consolidated into the financial statements of Sany International.。

The announcement shows,Sany Petroleum Technology has a full range of complete fracturing equipment products.(Mechanics、Hydraulic、Electric drive)And industry-leading drilling and workover rig string automation equipment products,And master the relevant core technology,Many products lead the Chinese market。In 2021 and 2022, the target group's truck-mounted fracturing equipment has maintained the first sales volume and market share in the industry for two consecutive years.,Monkey board manipulator、Drill floor manipulator、Power hydraulic station and other drilling and workover rig string automation equipment sales are also in the leading level in the industry.。

 

In addition,Sany Petroleum Technology actively grasps the trend of electrification and intellectualization in the industry,Continuous deep ploughing, high efficiency and energy saving、Automation、Frontier technologies such as unmanned and intelligent integration of oil and gas fields,Now it has become the leader of electrification and intelligence in the industry.。

 

For the future development strategy,Sany International said,Sany Petroleum Technology will be equipped with complete sets of all-electric drive equipment.、Piping engineering equipment、Diversified new product layout and international layout are carried out in drilling and workover and drilling and production automation equipment.,Focus on breaking through state-owned customers and overseas customers。At the same time,Deep cultivation of oil and gas equipment in the future、Oil and gas services、Oil and gas engineering、Four major areas of oil and gas investment,Enhance the comprehensive competitiveness,Increase revenue scale and profitability,Strive to maintain the first position in the market share of complete fracturing equipment and continue to expand the leading edge.,Become the first brand of domestic oil and gas equipment。

 

The board of directors of the company considers that,This acquisition will be conducive to the company's continued diversification of industrial layout.,Expand energy equipment business segments,Form a synergistic effect。It is conducive to the integration of resources and the improvement of intelligent manufacturing capability.,Improve the level of equipment manufacturing capacity。And is favorable for electrification、Intelligent technology and R & D capabilities complement each other,Accelerate the incubation of commercial achievements。It is conducive to jointly promoting the internationalization strategy.,Integrate and expand sales channels。It is conducive to improving the revenue scale and profitability of the Group.。

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