Cie automotive somaschini

cie automotive

CIE Automotive acquires the Italian company Somaschini for 5x ebitda

Cie Automotive will acquire 100% of the social capital of Somaschini S.p.A. The enterprise value is 79.6 million euros, equivalent to less than five times EBITDA for this year, and will be adjusted at closure of the deal depending on its indebtedness, as is usual in this type of operation.