The Fayat Group has announced the finalisation of the acquisition of Dynapac from Atlas Copco. The Fayat group will continue to distribute the Dynapac brand through Construction Equipment Australia (CEA) who will provide sales, parts and service for Dynapac Australia-wide.
President of the Fayat Group, Jean-Claude Fayat, says that the Fayat Group will continue to seek new ways to meet Dynapac customers’ needs.
“Dynapac has an excellent strategic place in our Group and we plan on growing and expanding its presence and product offering,” says Jean-Claude.
He adds, “We will leverage its expertise and technologies together with our existing portfolio to continuously develop equipment that closely addresses our customers’ needs.”
Through the acquisition of Dynapac, Fayat will further strengthen its strategic position in the road construction and maintenance equipment segment. Being a fully family owned business with many years of experience in the road construction and maintenance machinery business, the Fayat Group will provide Dynapac with the backing to be a stable and long-term reliable partner to its customers worldwide.
Under the Fayat umbrella, Dynapac will continue to operate as an autonomous manufacturer providing its customers with state-of-the art technology under the Dynapac brand. In the development of some future technologies, Dynapac will cooperate with other companies within the Fayat Group to offer our customers best solutions also for tomorrow’s challenges.
Steven Stavrou, General Manager of Operations and Dynapac for CEA, says “We are working closely with the Fayat group to further cement a national footprint for Dynapac sales, parts and service.”
He adds, “CEA’s vision is about providing the growing Australian market with industry-leading, high quality products and excellent after sales support.”
Coinciding with the acquisition, Dynapac has also revealed a new visual identity for its products, painted in red, white and grey.
“The new colours are designed to commemorate the original Dynapac colours whilst launching a new and fresh brand identity,” says Steven.