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. |
2023 |
Acquired the Hungarian company Salgglas Üvegipari, Z.r.t, which specialises in the manufacture of safety glass for cars. |
May 2023 |
Completed the acquisition of 100% of the share capital of Iber-Oleff Brasil, Ltda. |
Jun. 2023 |
Mahindra CIE Automotive changed the name to CIE Automotive India Limited. |
Aug. 2023 |
Sold its forging business in Germany to Mutares SE & Co. KGaA. |