FRANCE - Turenne provides EUR 1.7m to fund Satam acquisition

Turenne Capital invested EUR 400,000 via Turenne investissement into Satam's holding company Countum, with the balance provided by other funds under its management. Turenne originally invested EUR 3.3m into the business in March 2009 in order to support the spinout from parent company Tokhiem.

Satem was founded in 1920 and is based in Tremblay. The company is a provider of industrial metering systems with products such as P.D. meters, mass ultrasonic and turbine flowmeters, as well as metering units for army equipment.

Meci produces electronic meters for the industrial transaction of gas and liquid hydrocarbons.

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• Topics
• Expansion
• France
• Industrials