FAYAT Group has signed an agreement with ST Engineering to acquire LeeBoy, a U.S.-based manufacturer specializing in road construction equipment. LeeBoy's product portfolio includes pavers, compact motor graders and various road maintenance equipment.
The France-based FAYAT Group is a global company with operations in 170 countries and seven business lines, including a dedicated Road Equipment division. The company reported a turnover of €5.7 billion in 2024. The acquisition of LeeBoy will expand its footprint in the North American market.
This acquisition signifies a strategic move to strengthen FAYAT Group's position within the global road equipment sector. By integrating LeeBoy's established product lines, FAYAT aims to enhance its offerings to customers in the U.S.
The completion of the transaction is subject to customary regulatory approvals in the U.S. FAYAT Group anticipates finalizing the acquisition during the fourth quarter of 2025.
