Fragola Industries signed binding agreement to acquire Filtration Business in Brazil from Sogefi S.p.A. (BIT:SO) on December 17, 2020. Sogefi will continue to operate in Brazil with its Suspension Business. Filtration Business of Brazil has sales around €27 million and a negative EBITDA contribution in 2020. Closing of the transaction is expected by the end of the year 2020. Fragola Industries completed the acquisition of Filtration Business of Sogefi S.p.A. in Brazil from Sogefi S.p.A. (BIT:SO) on January 15, 2021. Filtration Business of Brazil had sales of € 9 million in 2020. Enterprise value for the transaction is estimated around € 1.4 million.