Fayat finalises Dynapac deal and closes acquisition
Fayat has now completed its acquisition of Dynapac. French firm Fayat has acquired the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers. These products are known under the Dynapac trade name.
The agreement includes sales and services operations in 37 countries, production units in four countries: Sweden, Germany, Brazil and China and a production partnership in India. The business has 1,280 employees and revenues of approximately €309 million in 2016.
Through this deal, Fayat is strengthening its strategic position in the road construction and maintenance equipment segment. Under the Fayat umbrella, Dynapac will continue to operate as an autonomous manufacturer providing its customers with sophisticated technology under the Dynapac brand. In the development of some future technologies, Dynapac will cooperate with other companies within the Fayat Group.
Dynapac will put a strong focus on providing its customers with a strong and reliable service support, working through own organisations in major regions of the world, as well as through established sales and service partners.
“This acquisition is a great opportunity for the Fayat Group and its customers, as Dynapac is a key player in the road construction equipment market with a highly recognised brand”, 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.“