Kohler Co. Signs Agreement To Acquire Lombardini Engine Companies From Mark IV

Kohler Co. Signs Agreement To Acquire Lombardini Engine Companies From Mark IV

KOHLER, Wis., USA May 9, 2007 Kohler Co. Global Power Group, a global leader in engines and power generator systems, has entered into an agreement to purchase Lombardini Srl from Mark IV Luxembourg S.A.R.L., a subsidiary of Mark IV Industries, Inc. The acquisition agreement is subject to relevant regulatory approval. Kohler Co. 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. engine division, in operation since the 1920s, manufactures air- and liquid-cooled, fourcycle gasoline engines in the 4 to 38 horsepower range. Kohler engines are supplied to equipment manufacturers worldwide in the lawn and garden, commercial and industrial, agricultural and construction markets. Kohler 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 Srl, headquarted in Reggio Emilia, Italy, manufactures small diesel, gas, and petrol engines for the industrial, transportation, agriculture, marine and light construction industries. Lombardini diesel and gasoline engine line ranges from 3 to 72 horsepower. ?By being acquired by Kohler Co., Lombardini will become part of a group committed to growing the Engine Business globally,said Dr. Gianni Borghi, CEO, Lombardini Srl. We re confident that the combined engineering expertise and worldwide market support will serve our original equipment customers and end customers very well.