Wacker Neuson to Expand Concrete Technology Business with Enar Group Acquisition

Wacker Neuson to Expand Concrete Technology Business with Enar Group Acquisition

Enar Group manufactures a range of internal vibrators for concrete, as well as vibratory plates, rammers and walk-behind rollers.

Enar Group manufactures a vary of internal vibrators for concrete, as perfectly as vibratory plates, rammers and walk-behind rollers.

Enar Team

The Wacker Neuson Team, a foremost maker of gentle and compact devices, has reached an agreement with the vast majority proprietors of Spanish Enarco S.A. to receive up to 100{ed906f1bfc743ab77ee5075e027942f1cda4f21ffa4bfb00196296b172ab00c6} of the Enar Group. Enar is a maker of gentle development equipment specialized in concrete consolidation. Together with a extensive variety of inside vibrators for concrete, the firm’s products portfolio covers vibratory plates, rammers and stroll-behind rollers for soil and asphalt compaction.

The purpose of the new alliance is to more improve the Wacker Neuson Group’s market position and prolong its worldwide attain, significantly in the field of concrete engineering.

“With the acquisition of the Enar Team, we have discovered the suitable way to expand our providing in the promptly growing concrete technology market. Enar merchandise are excellently positioned and the firm has founded robust industry access, making remarkably promising alternatives for our Group,” said Alexander Greschner, Main Product sales Officer of the Wacker Neuson Group.

Enar is a top corporation in its sector with a specially robust presence on the European and Latin American markets. The organization operates on a international scale, creating profits of somewhere around EUR 22 million in 2021. Enar manufactures its solutions in the Spanish metropolis of Zaragoza and employs around 130 people today.

“We are delighted to have gained a sturdy partner in Wacker Neuson, opening up excellent extensive-term prospective customers for our enterprise and the Enar brand. I am persuaded that the merger will give our employees the very best doable enhancement prospects and that we – with each other with Wacker Neuson – will be even superior positioned to meet up with our customers’ requires as we move ahead,” said Jose Luis del Prim Imaz, Main Executive Officer of Enarco S.A.

Presented Enar’s wholesome marketplace situation and the significant degree of client acceptance for its goods, Wacker Neuson will take care of Enar as an unbiased manufacturer. “Concrete know-how has normally been one particular of the Wacker Neuson Group’s main competencies. This acquisition will strengthen this line of organization and give us accessibility to new client segments. Enar distributes its goods by way of profits channels that are not the concentration of our Wacker Neuson model, so this is a acquire-gain for both get-togethers,” mentioned Greschner.

The transaction is expected to be shut in the first half of 2022, matter to regulatory acceptance and the completion of the acquisition of all shares from individual shareholders up to a sure threshold by the Wacker Neuson Group. The invest in price is planned to be settled in hard cash and treasury shares.