Fayat to acquire Mecalac

Two French manufacturers of construction machinery are set to join forces.

Fayat Group, parent company of Bomag and Dynapac, has signed an agreement to acquire GroupeMecalac.

The transaction is expected to be completed by the end of June, subject to the usual regulatory approvals.

Fayat specialises in road building machinery and mixing plants.

Mecalacwas founded in 1974 in Annecy, France, by Henri Marchetta, who remains president of the company. His son Alexandre Marchetta is chairman and chief executive. It has manufacturing facilities in France, Germany, Turkey and the UK.

Mecalacmakes wheeled excavators, crawler excavators, wheeled loaders and sitedumper.Mecalacalso owns the British heritage brands of Fermec (previously Massey Ferguson) and Benford, having acquired Terex GB in 2016.

Fayat Group, parent company of Bomag and Dynapac, has signed an agreement to acquire GroupeMecalac.

The transaction is expected to be completed by the end of June, subject to the usual regulatory approvals.

Fayat specialises in road building machinery and mixing plants.

Mecalacwas founded in 1974 in Annecy, France, by Henri Marchetta, who remains president of the company. His son Alexandre Marchetta is chairman and chief executive. It has manufacturing facilities in France, Germany, Turkey and the UK.

Mecalacmakes wheeled excavators, crawler excavators, wheeled loaders and sitedumper.Mecalacalso owns the British heritage brands of Fermec (previously Massey Ferguson) and Benford, having acquired Terex GB in 2016.