With deal, companies hope to get bigger slice of rapidly growing China market.
"This is a defining moment for both companies, as we partner to unite KHD's century and a half of experience and its unmatched library of intellectual property with the extraordinary reach and power of CATIC," said Mr. Salo. He further stated that, "KHD and CATIC are already cooperating and jointly preparing several large turnkey RFPs and responding to the needs of new geographies, including China itself."
Salo continued, "Our global network of Customer Service Centers, combined with the branch office networks of both companies, gives us a launch pad for a broader global business. We believe that together we can now compete effectively with the largest companies in our industry."