Mediterrania exits Morocco's C.E.C.I.
Mediterrania Capital Partners has exited C.E.C.I. (Centrale Equipement Carrosserie Industrielle), a trailer manufacturer and truck assembler in Morocco. Mediterrania’s exit has been executed through an MBO led by C.E.C.I.’s management team.
Founded in 2004, C.E.C.I. operates in the truck and bus assembly, trailer and car body manufacturing and automotive spare parts business in Morocco and Algeria. The group owns a 27,000 sqm factory in Casablanca and three after-sales service centres in Casablanca, Agadir and Tangiers. In 2013, a local production plant was established in Algeria, expanding C.E.C.I.’s operations outside Morocco.
Nowadays C.E.C.I. is the largest player in the market, working with major groups such as Krone, Dhollandia, Renault and Renault Trucks, AB Volvo, Ford, KIA, Webasto, Thermo King and Mitsubishi.
Mediterrania Capital Partners invested in C.E.C.I. through its MC II fund with the objective to support C.E.C.I. in its development plans in the growing transport and logistics sector in Morocco.
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