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.
The Enar Group is a Spanish industrial group engaged in the manufacture of light construction equipment specialising in concrete compaction.
Pérez-Llorca advised Enar Group´s shareholders with a Corporate team made up of partner Dídac Severino and lawyers Ángel Martín and Alberto Varela-Grandal, a Tax team including partner Norma Peña and lawyer Yi Zhou, and a Competition team with partner Jaime de Blas.
On the other hand, Marimón Abogados advised the listed German company Wacker Neuson SE, a leading corporation in the field of manufacture of construction equipment.
After the deal was signed last March by and between Wacker Neuson SE and the two majority shareholders of Enarco S.A., on June 1st the transaction was closed by means of Wacker Neuson SE’s acquisition of 100 per cent of the shares of the Enar Group’s parent company Enarco, S.A., until then held by the two main shareholders and a vast array of minority shareholders.
Marimón Abogados advised Wacker Neuson Group, with a team led by Corporate and M&A Partner Philipp Kirchheim and Corporate and M&A senior lawyer Nicolás Toribio with significant involvement of Competition partner Diego Crespo.