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MAN Group

Germany

 

Date: 2003

Deal: In 2003, MAN Group was one of four companies in a consortium to provide Iran with equipment for 57 compressed natural gas (CNG) refueling stations, according to Iranian firm Takmar Gas' website (Takmar Gas Company Website, accessed July 20, 2010).

U.S. Business Ties: According to USAspending.gov, MAN Group received $58.9 million in U.S. government contracts between 2000 and 2010, primarily from the Department of Defense and the Department of Homeland Security (USASpending.gov, accessed July 16, 2014).

MAN's website states that the majority of foreign investment in the company -- which constitutes 40 percent of its outstanding shares -- comes from the United States and the United Kingdom. (MAN Company Website, accessed July 23, 2010).

Last Updated: August 20, 2014