Atlas Copco’s sale of Road Construction Equipment leads to establishment of Dynapac South Africa
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
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.
The 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 1st 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.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation