March 14, 2022
Light equipment experts Wacker Neuson and Enarco have decided to join forces.
The owners of Enarco S.A. have reached an agreement with the Wacker Neuson Group to transfer the Enar Group to Wacker Neuson.
Wacker Neuson is an international group of companies employing around 6,000 people worldwide. As a leading manufacturer of light and compact equipment, the Group serves both the construction and agricultural sectors. The Wacker Neuson, Kramer and Weidemann product brands belong to the Group.
“We are delighted to have gained a strong partner in Wacker Neuson, opening up excellent long-term prospects for our company and the Enar brand. I am convinced that the merger will give our employees the best possible development opportunities and that we – together with Wacker Neuson – will be even better placed to meet our customers’ needs as we move forward,” states Jose Luis del Prim Imaz, Chief Executive Officer of Enarco S.A.
“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,” outlines Alexander Greschner, Chief Sales Officer of the Wacker Neuson Group.
Given Enar’s healthy market position and the high level of customer acceptance for its products, Wacker Neuson will manage Enar as an independent brand. Enar’s headquarters will remain in Zaragoza and the company will continue producing light equipment for global distribution from its plant there.
The acquisition has been authorized by the relevant bodies of both companies. Subject to regulatory approval, it is scheduled for completion during the first half of 2022.