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CIE Automotive SA becomes only shareholder of Advanced Comfort Systems


Friday, 24 Jan 2014 04:11am EST 

CIE Automotive SA:Signs the acquisition contract for the outstanding 50 percent stake of the French company Advanced Comfort Systems for the price of 10.7 million euros, that can be increased in case of the acquired company EBITDA changes.Says the acquisition shall be completed in the end of February.Says to have become the Advanced Comfort Systems' shareholder in Sep. 2009.Says Advanced Comfort Systems has five manufacturing sites in France, Spain, China, Romania and Mexico and employs 442 people. 

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