The Wacker Neuson Group, a leading manufacturer of light and compact equipment, has concluded an agreement with the majority owners of Spanish company Enarco S.A. to acquire 100 percent of the Enar Group. Execution of the transaction on June 1, 2022 means Enar is now officially part of the Wacker Neuson Group.
Markus Einsele, who has been with Wacker Neuson for seven years now and is specialized in concrete technology, and David Gascon, CEO of Enar, will take the reins as joint directors on June 1, 2022. “I am delighted that this transaction has now been completed and we can get started,” comments Markus Einsele. “Enar ideally complements Wacker Neuson’s offering in the rapidly growing concrete technology market, enabling us to offer our customers the right product regardless of their needs.”
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 new alliance will further strengthen the Wacker Neuson Group’s market position and extend its international reach, particularly in the field of concrete technology. Given Enar’s very healthy market position and the high level of consumer acceptance for its products, the Wacker Neuson Group will manage Enar as an independent brand.