Fayat Team, mother or father corporate of Bomag and Dynapac, has signed an settlement to obtain Groupe Mecalac.
The transaction is anticipated to be finished by means of the top of June, topic to the standard regulatory approvals.
Fayat specialises in street construction equipment and combining crops.
Mecalac used to be based in 1974 in Annecy, France, by means of Henri Marchetta, who stays president of the corporate. His son Alexandre Marchetta is chairman and leader government. It has production amenities in France, Germany, Turkey and the United Kingdom.
Mecalac makes wheeled excavators, crawler excavators, wheeled loaders and website dumper. Mecalac additionally owns the British heritage manufacturers of Fermec (prior to now Massey Ferguson) and Benford, having got Terex GB in 2016.
The one product overlap between Fayat and Mecalac is in paving rollers.
Main points of the transaction have now not but been disclosed.
Mecalac used to be based in 1974 in Annecy, France, by means of Henri Marchetta, who stays president of the corporate. His son Alexandre Marchetta is chairman and leader government. It has production amenities in France, Germany, Turkey and the United Kingdom.
Fayat may be a circle of relatives trade, based in 1957 by means of Clément Fayat, and controlled by means of his sons Jean-Claude Fayat and Laurent Fayat. It additionally has former Terex manufacturers in its portfolio: Cedarapids and CMI asphalt pavers.
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