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Bomag to acquire roadbuilding assets/operations from Terex

Mar. 25, 2013 – Driven by a key strategic initiative to expand its leading position and support for customers in the road building industry on the American continent, Bomag (Fayat Group) today announced it has entered into a purchase agreement to acquire certain product lines in North America, and the roadbuilding operations of Latin America (exCifali). This is a significant breakthrough for Bomag as well as the mixing plant business unit subsidiaries Mariniermont.


March 22, 2013
By Bomag

Mar. 25, 2013 – Driven by a
key strategic initiative to expand its leading position and support for
customers in the road building industry on the American continent, Bomag (Fayat
Group) today announced it has entered into a purchase agreement to acquire
certain product lines in North America, and the roadbuilding operations of
Latin America (exCifali). This is a significant breakthrough for Bomag as well
as the mixing plant business unit subsidiaries Mariniermont.

“The
addition of these product lines enhances the position of Fayat Group as the
only full line in roadbuilding equipment, for long-term success and
significant growth potential in the industry. 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 America’s
offerings”, stated Rob Mueckler, vice-president of sales and marketing. “We
intend to fully leverage our collective strengths to more efficiently serve
road building customers.”

This
acquisition will position Bomag to offer a broad range of road building
products and solutions to customers, and reinforce the global leadership of Mariniermont
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.

Related Link
www.bomag.com