FAYAT Group has completed its buyout of the Mecalac Group.
The firm has acquired a 100% stake in the business, which offers construction equipment including excavators, loaders, dumpers and backhoe loaders, with production units in France, Germany, the UK and Turkey.
The Mecalac Group has joined Fayat Road Equipment Division. The division now has 29 production sites in Europe, Asia and the Americas.
Mecalac will retain its autonomy within the group, offering clients solutions marketed under the Mecalac brand.
“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,” said 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.”
