Wacker Neuson is expanding its operations with the acquisition of the Enar Group in Spain
Wacker Neuson is expanding its operations with the acquisition of the Spanish Enar Group. This 100% acquisition will develop Wacker Neuson’s concrete technology business.
Enar is a manufacturer of light construction equipment used for concrete compaction as well as machines for other duties. The firm makes a wide range of internal vibrators for concrete, as well as vibratory plates, rammers and walk-behind rollers for soil and asphalt compaction.
The move further strengthens Wacker Neuson’s market position and extends its international reach, particularly in the field of concrete technology. “With the acquisition of the Enar Group, we have found the ideal way to expand our offering in the rapidly growing concrete technology market. Enar products are excellently positioned and the company has established strong market access, creating highly promising opportunities for our Group,” outlined Alexander Greschner, Chief Sales Officer of the Wacker Neuson Group.
Enar manufactures its products in the Spanish city of Zaragoza and employs around 130 people. Wacker Neuson will manage Enar as an independent brand. Subject to regulatory approval and the completion of the acquisition of all shares from individual shareholders up to a certain threshold by the Wacker Neuson Group, the transaction is expected to be closed in the first half of 2022. The purchase price is planned to be settled in cash and treasury shares.
