Chinese high-tech company Ledus on Monday officially took over FC Sochaux from carmaker Peugeot, making the French second division soccer club the first in Europe to come under total control of a Chinese company.

"It's the conclusion of a journey started almost a year ago," club president Denis Worbe said.

The deal, reportedly worth 7 million euros ($7.9 million), was set in motion in February by Hong Kong-listed electrical components manufacturer Ledus, a subsidiary of Tech Pro.

Sochaux were set up by Peugeot in 1928 for their workers and the club's Auguste-Bonal stadium stands beside a Peugeot factory that still employs 10,000 workers.