CBM Group completed the investment in Retrofleet.

CBM Group, a provider of spare parts for buses and coaches, completed the investment in Retrofleet, a pioneer in retrofit in France. Financial terms were not disclosed. "The CBM Group’s investment in the capital of our company is a logical continuation in view of the synergies that have already existed for more than a year. In this new booming industrial sector that is retrofit, alliances are necessary if we want to quickly become a European leader and contribute even more effectively to the effective decarbonisation of mobility," Emmanuel Flahaut, Retrofleet Chairman and CEO.