ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million

FAYAT To Acquire LeeBoy From ST Engineering

French construction giant FAYAT is set to acquire U.S.-based LeeBoy, signaling a bold move to strengthen its position in the North American roadbuilding market. Final approval is expected by the end of 2025.

ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million

Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST Engineering LeeBoy, a US-based construction equipment manufacturer, for an estimated US$290 million.