CMR Group designs, manufactures and commercialises electronic equipment for control, measurement and regulation in the shipping and the energy production markets. When Siparex invested in 2006, the group was present in five markets and had sales of €28.9m, but had significant potential to grow. Siparex helped CMR by first putting in place the right financing pool to enable CMR to expand internationally and providing finance for investment in production. Siparex also supported the implementation of an enterprise resource programme to improve efficiency and helped the management team through the difficult economic times following the financial crisis. CMR grew to be present in eight markets across Europe, Asia and North Africa and generated sales of €48.6m before being sold in 2011.
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