Sogefi has today completed, following the authorization of the antitrust authorities, the agreement announced on June 21 regarding the acquisition of the French group of components Mark IV Systèmes Moteurs from the American holding Mark IV LLC.
The transaction took place on the basis of an enterprise value of the Mark IV Systèmes Moteurs group, one of the largest manufacturers of air management and engine cooling systems in the world with revenues of approximately 270 million euros in 2010 and approximately 1.200 employees, equal to approximately 150 million euros.
The group has seven plants (of which three are in France, while the others are located in Canada, Mexico, Romania and India), two research, development and innovation centers (in France and the United States) and has a new production facility in China.
Mark IV Systèmes Moteurs generates approximately 78% of its revenues in Europe, holds growing market shares in North America and has begun expanding into rapidly developing countries such as China and India. Sogefi, part of the Cir group, is one of the main world operators in the sectors of engine filtration and components for automotive suspensions,
