Kohler Co.’s Global Power Group last week entered into an agreement to purchase Lombardini Srl from Mark IV Luxembourg S.A.R.L., a subsidiary of Mark IV Industries. The acquisition in subject to relevant regulatory approval.
Kohler Co.’s acquisition of Lombardini, “will provide a strong complement to our existing engine business by adding a complete diesel engine line to serve the needs of our commercial and consumer customers worldwide,” said Dick Fotsch, Global Power Group president.
Kohler Co.’s engine division, in operation since the 1920s, manufactures air- and liquid-cooled, four-cycle gasoline engines in the 4- to 38-hp range. Kohler engines are supplied worldwide in the lawn and garden, commercial and industrial, agricultural and construction markets. The company manufactures its engines from three North American facilities and one facility, as part of a joint venture agreement, in China.
The 85-year-old Lombardini, headquartered in Reggio Emilia, Italy, manufactures small diesel, gas and petrol engines for the industrial, transportation, agriculture, marine and light construction industries. The company’s diesel and gasoline engine line ranges from 3 to 72 hp.
“By being acquired by Kohler Co., Lombardini will become part of a group committed to growing the engine business globally,” said Dr. Gianni Borghi, Lombardini CEO. “We’re confident that the combined engineering expertise and worldwide market support will serve our original equipment customers and end customers very well.”
The acquisition will also provide Kohler with an expanded geographical presence in the European and North African markets. It is expected to be completed in early summer 2007.
Headquartered in Kohler, Wis., Kohler Co. is one of the oldest and largest privately held companies in the United States. Besides engines and power generation systems, Kohler manufactures kitchen and bath products, cabinetry, and tile and home interiors.