Fayat has agreed to buy the Road Construction Equipment Division of Atlas Copco. The move will bring the Dynapac and BOMAG brands under single ownership. The two product lines include asphalt paving equipment, milling equipment, and compaction machines.
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 2017.
“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,” said Jean-Claude Fayat, President of the Fayat Group. “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.”
Source: Fayat Group