Ziegler, based in Giegen an der Brenz, Germany, was put up for sale after it filed for insolvency following the imposition of an anti-trust fine for participating in a fire-truck procurement cartel.
China has a five-year development plan that puts emphasis on industries such as high-end manufacturing equipment, information technology, alternative energy, biotechnology, advanced materials and environment-friendly technologies.
In August last year, Shandong Heavy Industry Group took a 25 percent stake in Kion Group, giving China access to industrial technology from the world's number two fork lift truck maker.
In 2011, Sany Heavy Industry bought concrete pumps maker Putzmeister. It too kept German management in place and said Putzmeister would become a new international distribution hub outside China for concrete machinery. ($1 = 0.7472 euros) (Reporting by Edward Taylor; Editing by Greg Mahlich)
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