In what the company called a "key strategic initiative to expand its position and support customers in the road-building industry on the American continent," Bomag (Fayat Group) entered into a an agreement to acquire certain Terex product lines in North America and Roadbuilding operations of Latin America (ex-Cifali). This is a significant breakthrough for Bomag as well as the mixing plant business unit subsidiaries Marini-Ermont.
"The addition of these product lines enhances the position of Fayat Group as the only full liner in road building equipment. Moreover, it accelerates our footprint in emerging countries," said Jean-Claude Fayat, Fayat Group executive managing director.
"We are pleased to announce the agreement and are proud to welcome the Cedarapids and CMI products (asphalt pavers, reclaimer/stabilizer and material transfer vehicles/devices) and reputable brand images into the Bomag Americas offerings," stated Rob Mueckler, vice-president of sales & marketing.
This deal does not affect the Terex Bid-Well roller paver or Terex front-discharge mixer truck lines. Terex will continue to produce and market these lines.
This acquisition will position Bomag to offer a broad range of road building products and solutions to customers, and reinforce the global leadership of Marini-Ermont (Fayat Group) in the mixing plant segment in Latin America.
The aging infrastructure of the North American transit system and the development of infrastructure in South America are expected to continue to drive an increasing demand for road building and compaction equipment.