CIE Automotive, S.A.

Company Profile

■URL

https://www.cieautomotive.com/

■Address

Alameda Mazarredo 69, 8, 48009 Bilbao, Bizkaia, Spain

Business Overview

-A major 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, and stamping.

-In May 2019, the company acquired the Roof Systems business unit of Inteva Products, which has a lineup of products for roof systems as well as mechanical components. The Roof Systems division has 16 production sites and employs about 5,000 people.

Shareholders

(As of Dec. 31, 2020)

Shareholder % of ownership
ACEK Desarrollo y Gestión Industrial, S.L. 15.7
Grupo Inversiones Inssec. S,L, 10.5
Corporación Financiera Alba. S,A, 12.7
Elidoza Promoción de Empresas. S,L, 10.9
Mahindra&Mahindra. Ltd, 7.8
Addvalia Capital. S,A, 5.3
Alantra Asset Management. SGIIC. S,A, 3.6
Total core shareholders 66.5



Products

Powertrain & Gearbox
-Air tanks
-Bracket
-Camshaft bearings
-Camshaft bearings housing
-Camshaft cover
-Crankshaft
-Crankshaft caps
-CVT pistons
-Diesel common rail
-E-Motor shaft
-Engine tubes
-eReducer housing
-Gasoline common rail
-Gearbox housing
-Ladder frame
-Pistons
-Power electronic cover
-Turbo housing
-Valve guides
-Winding hub

Chassis, Steering & Structural Parts
-Airbag frame
-Axle arm
-Battery box
-Control arm
-EPS components
-EPS main housing
-Hubs, outer rings
-Rear axle
-Spindles
-Steering column bracket
-Steering column tube
-Steering nut
-Structural parts

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 parts
-Speaker grills
-Storage compartment
-Trim parts
-Wheel covers

Roof Systems

Commercial Vehicles Products
-Air suspension bracket
-Axle beam
-Axle shaft
-Axle spindle
-Brake camshafts
-Brake drum
-Differential housing
-Front lid
-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

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.

Supplemental Information 1