France-based Fayat has reached an agreement to acquire the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers. The products are marketed under the Dynapac trade name. Fayat intends for the acquisition to strengthen its strategic position in road construction and maintenance equipment.
Fayat already has expertise in this area through its stable of companies that include Bomag, Marini, Marini-Ermont, SAE, Semair and Breining.
The agreement includes sales and service operations in 37 countries and production units in five countries: Brazil, China, Germany, India and Sweden. The company has 1,265 employees and had revenues in 2016 of about €309 million (about U.S. $330 million).
“We are very happy and proud to integrate Dynapac, a highly recognized brand, into our group,” said Jean-Claude Fayat, president of the 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.”
The acquisition is subject to regulatory approvals and is expected to be completed during the second quarter.