Equipment manufacturer Enar is acquired by Wacker Neuson

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The majority owners of Enarco S.A. have agreed to allow the Wacker Neuson Group to acquire up to 100% of the Enar Group. Equipment manufacturer Enar specialises in the design and manufacture of compactors for light construction.

With this new partnership, Wacker Neuson aims to boost its market share and expand its international footprint, particularly in the field of construction materials and concrete processing technology..

In the concrete technology market, “we have found the ideal way to expand our offering,” Alexander Greschner, Wacker Neuson Group’s chief sales officer, said in a press release. As a result, “Enar products are well-positioned and the company has established strong market access, creating highly promising opportunities for our group.”

Also read: JK Tyre introduces tyres with puncture guards for four-wheelers

The transaction is expected to be completed in the first half of 2022, subject to regulatory approval and the acquisition of all Wacker Neuson Group shares from individual shareholders up to a certain threshold. The purchase price will be paid for with a combination of cash and treasury shares, according to the deal terms.

Wacker Neuson’s partnership with Enar provides a strong foundation for the long-term success of both our company and the Enar brand. Enarco CEO Jose Luis del Prim Imaz stated, “I am confident that the merger will provide the best possible development opportunities for our employees and that we, together with Wacker Neuson, will be even better placed to meet our customers’ needs going forward.”

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Zaid Quraishi
My name is Zaid Quraishi. I pride myself on being a meticulous and organized individual who has done his Bachelors in Medical Technology and currently pursuing my Master's in the same course from Sher-e-Kashmir Institute of Medical Sciences. I belong to the beautiful valley of Kashmir, and my hometown is Srinagar. I am the elder sibling of my younger brother. As far as my strengths are concerned, I am effectively communicative, optimistic, reliable, a team player, and time-efficient. My weaknesses are that I am an honest person and I tend to be blunt, and sometimes, I like to work alone. I am passionate about content writing, online gaming, and learning new things, especially languages (currently German). I have written two papers for my University degree, which helped me immensely in learning how to write effectively. I am confident in my writing skills, and I can effectively pour my thoughts out in writing and express myself so that the reader relates to it and is intrigued by the content. I love to play with my pet cat, and she is a darling to me. The thing that I dislike the most is being distracted when you are in the zone. Currently, I am a content writer in a dynamic work environment at Shouzy, ready to improve readers' satisfaction and increase retention levels.

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