The Aldes group will acquire 100% of the company, which boasts plants in Denmark and Norway.
Established in 1957, Exhausto is particularly active in Northern Europe, principally in Denmark, Sweden as well as in Norway and holds a prime position in Germany. In 2015, the group generated a turnover of €63m and has 286 employees.
“This acquisition is a major step in our international development, notably in Germany, and it will open the doors to Scandinavia,” said Aldes chairman Stanislas Lacroix.
Established in 1925, Aldes is an international family-owned group, with more than 1,300 employees spanning 13 countries.