The deal includes sales and service operations in 37 countries and production units in five countries: Sweden, Germany, Brazil, India and China. The business has 1,265 employees and revenues of approximately €309m in 2016.
The deal is subject to regulatory approvals and is expected to be completed during the second quarter 2017.
The two parties have agreed not to disclose the purchase price.
Atlas Copco announced only last week that it wanted to sell Dynapac as it does not have the economies of scale to become number one or two in its market segment.
Fayat, a diversified French industrial group, bought compaction equipment manufacturer Bomag in 2005.
“We are very happy and proud to integrate Dynapac, a highly recognised brand, into our group,” said Jean-Claude Fayat, president of the Fayat Group. “We will continue to leverage the strengths of our existing organizations and Dynapac, in parallel: all customers will continue to be supported with their products. Dynapac has an excellent strategic place in our group and we plan on growing and expanding its presence and product offering. We will leverage its expertise and technologies together with our existing portfolio to continuously develop equipment that closely addresses our customers’ needs.”
Andrew Walker, president of Atlas Copco’s Construction Technique business area, said: “We have taken a lot of steps over the past years to improve the efficiency of the business, install lean production structures, innovate the product portfolio, and we have strived for improved profitability. We believe we have found a good owner in Fayat Group that can develop the business further.”
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