The Wacker Neuson Group has reached an agreement with the majority owners of Spanish Enarco S.A. to acquire up to 100 percent of the Enar Group.
Enar is a manufacturer of light construction equipment specialized in concrete compaction. Alongside a wide range of internal vibrators for concrete, the company's product portfolio also covers vibratory plates, rammers, and walk-behind rollers for soil and asphalt compaction. The aim of the new alliance is to further strengthen the Wacker Neuson Group's market position and extend 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," said Alexander Greschner, CSO of the Wacker Neuson Group. "Enar products are excellently positioned and the company has established strong market access, creating highly promising opportunities for our Group."
Enar has a particularly robust presence on the European and Latin American markets. The company operates on a global scale, generating sales of approximately EUR 22 million in 2021. Enar manufactures its products in the Spanish city of Zaragoza and employs around 130 people.
Given Enar's healthy market position and the high level of customer acceptance for its products, Wacker Neuson says it will manage Enar as an independent brand. "Concrete technology has always been one of the Wacker Neuson Group's core competencies. This acquisition will strengthen this line of business and give us access to new customer segments. Enar distributes its products through sales channels that are not the focus of our Wacker Neuson brand, so this is a win-win for both parties," said Greschner.
Source: Wacker Neuson
