Mondiale'81

Mondiale'81 in Vilvoorde, Belgium, manufacturer of Machine Tools. These assets were acquired from the receivers. We employed 17 employees and converted the inventory into machines, regenerated the spare-parts and service business, sold the Intellectual Property Rights and dedicated inventory for certain Product Lines to another European machine tool builder. We added machine tool trading and rebuilding and sold the land and buildings to a property developer. We moved the production to an industrial site where the activities continued in joint-venture with another European machinery trading company. After 10 years, we sold our share in the business.