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Part I: web link
China's CIMC buys German fire-fighting truckmaker Ziegler | Reuters

Part II: Translation from a German radio announcement

Sale of Ziegler perfect

Swabian fire truck producer is chinese

The Swabian manufacturer of fire fighting vehicles Ziegler has been sold to the Chinese commercial vehicle group CIMC . What does this mean for the approximately 1,000 employees , the liquidator was able to inform those affected also the same.

As administrator, Bruno Kübler announced in Giengen at the company headquarters , all jobs and locations of the Ziegler group remain.

The company, which had been poorly managed for years , according to Kübler , had to sign in the summer of 2011 insolvency . Now it 'll go for around 55 million euros to the commercial vehicle and logistics company based in Shenzhen CIMC . The sale was preceded by a two-year comprehensive restructuring process in the bankruptcy.

Last Ziegler had to regain market leadership in Germany and may have the highest orders for ten years. Trigger the insolvency was mainly enforced by the Federal Cartel Office a fine of eight million euros due to illegal price agreements with other fire truck manufacturers.
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