BOMAG to acquire certain Terex road building assets and operations
Driven by a key strategic initiative to expand its leading position and support for customers in the road building industry on the American continent, BOMAG (FAYAT GROUP) today announced it has entered into a purchase agreement to acquire certain product lines in North America, and the Roadbuilding operations of Latin America (ex-Cifali). This is a significant breakthrough for BOMAG as well as the mixing plant business unit subsidiaries MARINI-ERMONT.
“The addition of these product lines enhances the position of FAYAT GROUP as the only full liner in road building equipment, for long term success and significant growth potential in the industry. Moreover, it accelerates our footprint in emerging countries”, said Jean-Claude Fayat, FAYAT GROUP Executive Managing Director.
“We are pleased to announce the agreement and are proud to welcome the Cedarapids® and CMI® products (asphalt pavers, reclaimer/ stabilizer and material transfer vehicles/devices) and reputable brand images into the BOMAG Americas offerings”, stated Rob Mueckler, Vice-President of Sales & Marketing. “We intend to fully leverage our collective strengths to more efficiently serve road building customers”.*
This acquisition will position BOMAG to offer a broad range of road building products and solutions to customers, and reinforce the global leadership of MARINI-ERMONT (FAYAT GROUP) in the mixing plant segment in Latin America.
The aging infrastructure of the North American transit system and the development of infrastructure in South America are expected to continue to drive an increasing demand for road building and compaction equipment. Wherever there is road building, BOMAG and its dealers will be there to serve road building customers.
* CMI and Cedarapids are registered trademarks of Terex Corporation or its affiliates and are used by FAYAT GROUP under perpetual license.