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Tuesday, 10 September 2019 17:48
Finance
Morocco: Alten Delivery Center Maroc raises capital to over MAD8 mln
Tuesday, 10 September 2019 17:48
(Ecofin Agency) - Alten, a French engineering and technology consulting company listed on Euronext, the main stock exchange in the eurozone, has once again increased the share capital of its Moroccan subsidiary Alten Delivery Center Morocco (ADCM) to more than MAD8 million.
The company wants to enhance its footprint in Morocco’s automotive engineering sector; a segment quite structured with the presence of many foreign carmakers and equipment manufacturers.
Alten entered the Moroccan market in 2017 by setting up a unit in charge of automotive and aeronautical systems in the town of Fez. A year later, the company opened its subsidiary ADCM dedicated to automotive engineering.
Chamberline Moko
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