CIE Automotive, S.A.
Company Profile
Business Overview
-The Company is a supplier of mechanical components such as crankshafts and control arms, mainly for the automotive market, based in Spain.
-The Company’s Automotive business unit designs and manufactures a wide range of components and assemblies used across the entire vehicle through processes such as forging, aluminum injection molding, casting, machining, plastic injection molding, stamping, and roof system.
Shareholders
(As of Dec. 31, 2022)
| Shareholder | % of ownership |
| ACEK Desarrollo y Gestión Industrial, S.L. | 15.69 |
| Corporación Financiera Alba. S.A. | 13.35 |
| Individual Shareholder | 10.53 |
| Elidoza Promoción de Empresas. S.L. | 10.34 |
| Mahindra & Mahindra. Ltd. | 7.83 |
| Addvalia Capital. S.A. | 5.26 |
| FMR LLC | 3.02 |
| Alantra Asset Management. SGIIC. S.A. | 3.02 |
| Total core shareholders | 69.03 |
Products
Powertrain & Gearbox
-AC charger cover
-Air tanks
-Battery box
-Battery charger BEV
-Battery cover
-Body pump
-Bracket
-Camshaft bearings
-Camshaft bearings housing
-Camshaft cover
-Cover assy E-Motor
-Crankshaft
-Crankshaft caps
-CVT pistons
-Diesel common rail
-Double clutch components
-Electric motor cradle
-E-Motor shaft
-Engine tubes
-eReducer housing
-Exhaust Air duct Tubes
-Ferrit bar
-Gasoline common rail
-Gearbox housing
-Ground & Beloid gear
-Input shaft
-Inverter casings with integrated cooling
-Ladder frame
-Magnet for EV charger
-Oil distributer sleeve
-Oil Pan
-Parking lock gear
-Pistons
-Power electronic casings
-Power electronic cover
-Power electronic housing
-Rotor crown E-Motor
-Structural parts for battery
-Tube assemblies
-Turbo housing
-Valve guides
-Winding hub
Chassis, Steering & Structural Parts
-Airbag frame
-Axle arm
-Battery box
-Caliper brackets
-Control arm
-EPS components
-EPS main housing
-Front knuckles
-Hubs, outer rings
-Rear axle
-Rear knuckles
-Spindles
-Steering column bracket
-Steering column tube
-Steering housing
-Steering nut
-Structural parts
-Suspension bracket
Interior & Exterior Trim
-Arm rest
-Ashtray
-Central console
-Connectors & junction boxes
-Crossbeams
-Cup holder
-Door handles
-Emblems
-Front covers
-Glove compartment
-Grab handles
-In-mold decoration
-Load floor
-Pillars
-Rear view mirrors
-Rear window package tray
-Seat components
-Seat cover
-Seat parts
-Speaker grills
-Storage compartment
-Trim parts
-Wheel covers
Roof Systems
-Bottom loaded fix module
-Bottom loaded inner sliding 2 panels
-Bottom loaded inner sliding 1 panel
-Bottom loaded outer sliding 2 panels
-Electrical flush window
-Electrical roof sunshade
-Flush Backlite
-Flush door panel
-Flush sliding door panel
-Lateral & Rear sunshade
-Luggage-cover
-Manual flush window
-Manual roof sunshade
-Panorama windscreen sunshade
-Top loaded fix module
-Top loaded outer sliding
-Top loaded outer sliding 1 panel
-Top loaded spoiler
-Top loaded spoiler 2 panels
Commercial Vehicles Products
-Air suspension bracket
-Axle beam
-Axle shaft
-Axle spindle
-Battery box components
-Brake camshafts
-Brake drum
-Differential housing
-Front lid
-Input shaft
-Injection pump
-Lay shaft
-Lever
-Piston
-Rear axle assembly
-Sector shaft
-Spindle
-Stabilizer bar
Transmission & Brakes
-Axle shaft
-Brake booster
-Clutch & transmission housing
-CV-Joints
-Differential case
-Differential components
-Differential housing
-Double clutch components
-Flanges
-I-Booster
-Motor housing
-Oil pan
-Pins for differential case
-Planetary carrier
-Sprocket
-Transmission yokes
History
| 2002 | The Corporation was created through the merger of Corporacion Industrial Egana and Grup Siderurgico Vasco. |
| Sep. 2004 | Galicia plant to be upgraded so as to respond to a growing market. |
| May 2005 | Czech Republic operation to be doubled in 2006. |
| Nov. 2005 | New facility in Shanghai to supply China and Japan in 2006. |
| Dec. 2005 | Acquisition of JARDIM, a Brazilian lightweight stamping company. |
| Set up a joint multi-technology production venture with DESC Automotriz, a Mexican automotive parts supplier. | |
| Mar. 2006 | Signed an agreement of intent for the acquisition of Brazilian firm Sada Forjas for EUR 43 million. Major Sada products include wheel bosses, spindles, gearing and gearbox axles for carmakers Fiat, Volkswagen, DaimlerChrysler and Renault, and a number of first-tier providers. |
| Apr. 2006 | Applied to the Rumanian securities and investment board for authorization to make a EUR 4 million outright takeover bid of Rumanian company Matricon's capital. Matricon is an aluminum injector, parts machinery and manufacturer of molds that supplies the European market. |
| Sep. 2006 | Took a major EUR 19 million stake in the share capital of Brazilian firm Durametal, to set up a joint venture designed to lead brake drum, brake disc and wheel boss production in the globalized market. |
| Dec. 2006 | Acquired 51% of Chinese firms Shanghai Sandun Auto Parts Co., Ltd and Shanghai Sandun Auto Parts Manufacture Co., Ltd ("Sandun") at an estimated cost to The Company of EUR 5.2 million (RMB 55 million). Located in the industrial zone of Shanghai, both Shanghai Sandun Auto Parts Co., Ltd and Shanghai Sandun Auto Parts Manufacture Co., Ltd make automotive components using plastic injection, thermoforming, leather and flocking technologies. |
| Jan. 2007 | Acquired the entire share capital in Brazilian firm Metalurgica Nakayone Ltda ("Nakayone") for EUR 26.9 million. Nakayone specializes in stamping parts and welded components. The firm's clients include the Volkswagen group and Ford. |
| Jan. 2007 | Signed an agreement, together with group subsidiary CIE-Desc Automotive, for the outright acquisition of the entire share capital in Mexican group Nugar. Nugar makes components, stamped systems and performs welding operations. Group customers include Volkswagen, DaimlerChrysler and General Motors. |
| Mar. 2008 | Announced that it has reached an agreement with Grupo KUO, S.A.B of C.V. (Grupo KUO) to purchase 100% of the share capital of Pintura y Ensambles de Mexico, S.A. de C.V. for approximately USD 32 million. |
| Jan. 2010 | Acquired 50% of share capital of the CIE-DESC Automotive, S.A. de C.V. for USD 54.5 million. |
| 2012 | Signed joint venture agreement with Donghua Automotive Industrial in China for 50% ownership of Nanjing Automotive Forging Co. Ltd for CNY 290 million. |
| Acquired 65% of Century Plastics LLC in United States with a later option on the remaining 35% for USD 68.6 million. | |
| 2013 | Signed alliance agreement with Mahinda Group to form global automotive component supply network. The Company acquired stake in Systech, while Mahindra acquired a stake in the Company's forging businesses. |
| Formed joint venture with Grupo Antolin-Irausa S.A. to manufacture metallic structures and subassemblies for car seats. | |
| 2014 | Acquired 100% share of its Brazilian subsidiary, CIE Autometal. |
| Agreed on the acquisition of the remaining 50% of the French Group, Advanced Comfort Systems - ACS. | |
| 2016 | Agreed on the acquisition of 100% share of Grupo Amaya Telleria for EUR 186 million. |
| Mahindra CIE Automotive Limited (MCIE), the Company's Indian subsidiary, acquired 100% share of Bill Forge Private Limited (BFPL) for INR 13,312 million. | |
| Jul. 2018 | Divested Dominion business unit |
| May. 2019 | Completed acquisition of Inteva’s Roof Systems business for USD 755 million. |
| Sep. 2019 | Announced the acquisition of 100% of the share capital of Somaschini S.p.A. |
| Jun. 2023 | Mahindra CIE Automotive changed the name to CIE Automotive India Limited. |
