THE Fayat Group has signed an agreement for the acquisition of compact construction equipment specialist Mecalac.
The transaction is subject to regulatory approval by the relevant competition authorities and is expected to be completed by the end of the first half of this year.
The Mecalac Group said that, in the meantime, the business ‘continues to operate as usual, and remains committed to supporting its customers and partners around the world’.
The firm added that once the transaction is finalised, both groups will work to ensure a ‘seamless transition’ and make the acquisition a ‘complete success’.
