FAYAT Group finalizes buyout of Mecalac Group
The Mecalac Group has joined the Fayat Road Equipment Division to strengthen its offerings on urban projects
FAYAT Group has acquired a 100 percent stake in the Mecalac Group, which offers a wide range of compact and innovative construction equipment for urban worksites: excavators, loaders, dumpers, and backhoe loaders, with production units in France, Germany, the U.K., and Turkey.
The Mecalac Group has joined the Fayat Road Equipment Division and will strengthen its offerings, particularly for urban projects, by providing innovative and sustainable solutions worldwide. The Division now has 29 production sites in Europe, Asia, and the Americas.
FAYAT Group, a family business with many years of experience in the civil works construction equipment sector, can offer the Mecalac Group the support it needs to remain a stable and reliable partner for its clients worldwide now and in the long term.
Within the Group, Mecalac will retain its autonomy, like the Division's other brands, offering its clients advanced technological solutions marketed under the Mecalac brand. Mecalac will collaborate with other FAYAT Group entities to develop future technologies and expand its distribution network, enabling it to continue offering its clients the best solutions and helping them meet tomorrow's challenges.
"This acquisition is a fantastic opportunity for FAYAT Group and its customers. Mecalac is a highly recognized brand and an innovative player in the urban construction equipment market," stated 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."
