The transaction, which included the full repayment of Marelli Motori's bank debt of €55 million by Langley, was completed in Milan on 23 May for an undisclosed amount.
About Marelli Motori
Marelli Motori is a leading manufacturer of electric motors and generators. Founded in northern Italy in 1891, the company enjoys worldwide brand recognition in the marine, oil & gas, power generation, co-generation and other industrial sectors.
Marelli Motori employs around 900 people and operates extensive manufacturing facilities in Italy and Malaysia with own subsidiaries in the United States, Germany, the UK and South Africa and has an extended sales, distribution and service network across four continents, supplying its technologically advanced products in more than 120 countries.
Langley Holdings plc is a globally operating, multi-disciplined engineering and industrial manufacturing concern, principally providing capital equipment technologies to diverse markets around the world. Langley businesses are either outright market leaders or occupy strong niche positions in their respective fields, providing advanced technologies in a solutions based approach.
The group was established in 1975 by the current Chairman, Mr Tony Langley, and remains in family ownership. Prior to the acquisition of Marelli Motori, the group comprised 5 divisions based in Germany, France, and the UK, with a substantial presence in the United States and more than 80 subsidiaries in the Americas, Europe, the Far East and Australasia, employing around 4,300 people worldwide.
To download the Langley group’s latest IFRS Annual Report & Accounts, click here
The Carlyle Group is a global investment firm with $222 billion of assets under management across 360 investment vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,725 professionals operating in 33 offices in North America, South America, Europe, the Middle East, Africa, Asia and Australia.