The Atlas Copco Group has sold its global Road Construction Equipment Division, including the Dynapac brand name, to the number one construction Group in France and world-leader in road construction equipment, Fayat Group.
Atlas Copco sells road construction equipment divisionThe Road Construction Equipment division became part of Atlas Copco‘s Construction Technique business area in 2007 and manufactures Compaction Rollers for asphalt and soil application, as well as asphalt equipment Planers and Pavers. The products are well known globally under the Dynapac trade name.
Founded in 1957, Fayat is a 100% independent family owned Group with an international scope in 120 countries and representation by 152 companies around the world. Fayat has earned a reputation for being a dedicated and reputable original equipment manufacturer through eleven road construction equipment companies and dedicated brands active in this area.
Dynapac will transfer to Fayat on 1 July 2017 and become a company within the Group operating under the Dynapac brand name. Following the acquisition, road construction equipment which forms one of the Group’s seven core businesses – public works, foundations, building, energy services, steel and mechanical construction and pressure vessels – will become the strongest division in the Fayat Group.
Middle East Africa will be one of eleven regional Dynapac business areas globally, with sales and service operations in 37 countries together with five global production facilities being Brazil, Sweden, Germany, India and China. The global holdings company will be based in Sweden and the divisional management head office in Germany. Dynapac has 1 265 employees with revenues of approximately MSEK 2 900 (MEUR 309) for 2016. Once all due diligences have been finalized, Dynapac SA will be a local legal company responsible for the Southern Africa territory within the MEA region and the head office based in Dubai.
“This is an ownership change and not a change in business structure,” says Neville Marthinussen, Atlas Copco Construction Technique Business Line Manager, Dynapac Road Construction Equipment. “Until closure, the Road Construction Equipment Division will remain part of Atlas Copco’s Construction Technique Business Area. So it is business as usual,” Marthinussen assures customers. “As Dynapac South Africa we will continue to serve the market with our products and services. The current product portfolio remains unchanged and all scheduled product renewals will continue as planned.” Marthinussen confirms that the Atlas Copco name will gradually be phased out to end 2017 and the Dynapac brand will be prominently displayed on all products come 2018.
Fayat has plans to further strengthen its strategic position in road construction and road maintenance equipment. “The Group’s reputation as a world-leader in road construction equipment with over 60 years’ experience, presents a solid platform on which we are able to reinforce the strength of the Dynapac brand through continued development, improvement and expansion of our Dynapac product ranges and services that have clearly earned the respect and trust of our customers over many years,” concludes Marthinussen.