Fayat is buying parts of Terex Roadbuilding

The Fayat Group intends to buy a number of assets from CMI Terex from its road building operations. The purchase agreement covers acquisition of certain product lines in North America, and the road building operations of Terex in Brazil. This deal will be a significant breakthrough for Fayat’s road machinery subsidiary BOMAG as well as the mixing plant business unit operations Marini Ermont. “The addition of these product lines enhances the position of the Fayat Group as the only full liner in road buildi
February 11, 2013 Read time: 2 mins
The 2779 Fayat Group intends to buy a number of assets from CMI 1222 Terex from its road building operations. The purchase agreement covers acquisition of certain product lines in North America, and the road building operations of Terex in Brazil. This deal will be a significant breakthrough for Fayat’s road machinery subsidiary 172 Bomag as well as the mixing plant business unit operations 273 Marini 211 Ermont. “The addition of these product lines enhances the position of the 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, executive managing director of the Fayat Group. This agreement includes the road building operations of Terex in Brazil which manufactures mainly asphalt plants and pavers at a site in Porto Alegre. It also includes the Cedarapids pavers and material transfer vehicles and CMI reclaimer/stabiliser product lines built at a plant in Oklahoma City, USA. This deal will boost the Fayat Group’s presence in the North American and South American road infrastructure markets and will allow the firm to capitalise on increasing demand for asphalt products, mixing plants and compaction equipment.

For more information on companies in this article

Related Content

  • Acquisition move
    July 28, 2015
    Swedish producer Thomas Concrete Group has acquired assets belonging to Coastal Concrete, a US company that operates 10 concrete plants in Georgia and South Carolina. This move will develop the position of the Thomas Concrete Group on the US East Coast between Atlanta and Raleigh. Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina. The acquisition will develop the firm’s strong position in these states.
    Read More
  • Equipment firm Wacker Neuson posts bullish results
    March 31, 2014
    Munich-based equipment manufacturer Wacker Neuson reports an increase in Group revenue and profitability in 2013. This has been achieved in spite of tough trading conditions and having met its targets for 2013, the firm aims to remain on track in 2014. The company achieved €1.16 billion in revenue and says it managed to boost market penetration of light and compact equipment in its core European and US markets. It also developed specific new markets. Group revenue rose 6% to €1.16 billion, compared with nea
    Read More
  • Balfour Beatty still bullish about 2021 results
    May 14, 2021
    However, the group’s most impacted business in Q1 remained UK construction where strong public sector infrastructure projects continue to be offset by the private sector market.
    Read More
  • Key developments for tyre market
    January 19, 2016
    Key developments in the tyre market will allow certain firms to reposition themselves - Mike Woof writes. New tyre types are now coming to market, while key business developments will allow some firms to reposition themselves. Perhaps the biggest business development in the market is the deal to acquire the privately-owned Czech firm CGS Holding by Trelleborg in a move worth €1.1664 billion (SEK10.9 billion). The finalisation of the deal is subject to approvals from the competition authorities but should be
    Read More

Highlighted Content