French road building equipment company Fayat is to buy Atlas Copco’s road construction equipment division. Its products are sold under the Dynapac trade name.
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Fayat to buy Dynapac business from Atlas Copco[/caption]
Fayat plans to strengthen its position in road construction and maintenance equipment market. It already owns Bomag, Marini, Marini-Ermont and SAE, Secmair and Breining.
The agreement includes sales and service operations in 37 countries and production units in five countries: Sweden, Germany, Brazil, India and China.
The acquisition is subject to regulatory approvals and is expected to be completed during the second quarter of this year.
“We are very happy and proud to integrate Dynapac, a highly recognized brand, into our group” said Jean-Claude Fayat, president, Fayat Group.
“We will continue to leverage the strengths of our existing organizations and Dynapac, in parallel: all customers will continue to be supported with their products. Dynapac has an excellent strategic place in our group and we plan on growing and expanding its presence and product offering.
“We will leverage its expertise and technologies together with our existing portfolio to continuously develop equipment that closely addresses our customers’ needs," he said.
