Fayat Group expanding by acquisition

The Fayat Group is expanding by acquisition.
Finance & Funding / June 1, 2021 45 seconds Read
By MJ Woof
Fayat is expanding its range with the acquisition of Dulevo in Italy
The Fayat Group continues to expand, with the addition of a new business to its portfolio. The company has acquired Italian firm Dulevo International, which is now being integrated into FAYAT Environmental Solutions. Dulevo is well-established in the market for self-propelled mechanical sweepers. This move strengthens the Fayat Group's position in the sector.

The Dulevo product range complements Fayat’s current road sweeper brands; Ravo, Scarab, Mathieu. The acquisition includes all Dulevo International sales and service operations, as well as ownership of the administrative buildings and the manufacturing facilities in northern Italy.

For Jean-Claude Fayat, president of the Fayat Group, this acquisition means, above all, a chance to deliver greater benefits to dealers and end-users alike. "We are very happy to welcome Dulevo into our Group. Dulevo will enlarge our offers with mechanical sweepers and electric sweepers, while accelerating our growth in some strategic geographic areas. We will create even more value for our customers. We will leverage expertise and complementary technologies with our existing portfolio to continuously develop solutions that closely meet the needs of our customers, today and for the future."

Dulevo International was founded in 1976 in Parma, Italy, and opened its first manufacturing plant in 1982. Operating in more than 80 countries, Dulevo has more than 200 employees and recorded an annual turnover of €70 million in 2020.
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