FAYAT Group has officially acquired a 100% stake in the Mecalac Group, which offers a wide range of compact and construction equipment like excavators, loaders, dumpers and backhoe loaders. The company has production units in France, Germany, the UK and Turkey.
The news of this acquisition was first announced in March.
The Mecalac Group has joined Fayat Road Equipment Division. The division now has 29 production sites in Europe, Asia and the Americas.
Within the group, Mecalac will retain its autonomy, like the division's other brands. Mecalac will collaborate with other FAYAT Group entities to develop technologies and its distribution network.
“This acquisition is a fantastic opportunity for FAYAT Group and its customers. Mecalac is a highly recognised brand and an innovative player in the urban construction equipment market,” says Jean-Claude Fayat, president of FAYAT Group. “Mecalac will play a strategic role in our Group and we are committed to ensuring the development of its product range. We will be using its expertise and technologies to complement our existing ranges, so as to keep developing equipment that meets our clients' specific needs, particularly on urban worksites.”