CIE Automotive, S.A.

Company Profile

■URL

https://www.cieautomotive.com/

■Address

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

Business Overview

-The Company is a Spanish-based developer and manufacturer of automotive components and sub-assemblies for engine, gearbox, transmission, chassis, and interior and exterior trim applications. The Company uses a variety of materials, including a range of metals and plastics, and various processes including machining, welding, forging, painting and assembly. The Company also designs and produces components for roof systems.

-In the fiscal year ended December 31, 2023, 41% of the Company's new orders received were for electrified vehicle applications.

Shareholders

-The Company’s shares are listed on the Madrid and Bilbao stock exchanges. (As of Dec. 31, 2023)
Shareholder % of ownership
ACEK Desarrollo y Gestión Industrial, S.L. 16.05
Corporación Financiera Alba. S.A. 13.66
Antonio Maria Pradera Jauregui 10.77
Elidoza Promoción de Empresas. S.L. 10.58
Mahindra & Mahindra. Ltd. 8.01
Addvalia Capital. S.A. 5.38
FMR LLC 5.13
Alantra Asset Management. SGIIC. S.A. 3.05
Total core shareholders 72.62

Products

Powertrain & Gearbox
-AC charger cover
-Air tanks
-Battery boxes
-Battery charger BEV
-Battery covers
-Body pumps
-Brackets
-Camshaft bearings
-Camshaft bearing housings
-Camshaft covers
-Cover assembly E-Motors
-Crankshafts
-Crankshaft caps
-CVT pistons
-Diesel common rails
-Double clutch components
-Electric motor cradles
-E-Motor shaft
-Engine tubes
-eReducer housings
-Exhaust air duct tubes
-Ferrit bars
-Gasoline common rails
-Gearbox housings
-Ground & beloid gears
-Input shafts
-Inverter casings with integrated cooling
-Ladder frames
-Magnets for EV charger
-Oil distributer sleeves
-Oil pans
-Parking lock gears
-Pistons
-Power electronic casings
-Power electronic covers
-Power electronic housings
-Rotor crown e-Motors
-Structural parts for batteries
-Tube assemblies 
-Turbo housings
-Valve guides
-Winding hubs

Chassis, Steering & Structural Parts
-Airbag frames
-Axle arms
-Caliper brackets
-Control arms
-EPS components
-EPS main housings
-Front knuckles
-Hubs, outer rings
-Rear axles
-Rear axle supports
-Rear knuckles
-Spindles
-Steering column brackets
-Steering column tubes
-Steering housings
-Steering nuts
-Structural parts
-Suspension brackets


Interior & Exterior Trim
-Arm rests
-Ashtrays
-Central consoles
-Connectors & junction boxes
-Crossbeams
-Cup holders
-Door handles
-Emblems
-Front covers
-Glove compartments
-Grab handles
-In-mold decorations
-Load floors
-Pillars
-Rear view mirrors
-Rear window package tray
-Seat components
-Seat covers
-Seat parts
-Speaker grills
-Storage compartments
-Trim parts
-Wheel covers

Roof Systems
-Bottom loaded fix modules
-Bottom loaded inner sliding 2 panels
-Bottom loaded inner sliding 1 panel
-Bottom loaded outer sliding 2 panels
-Electrical flush windows
-Electrical roof sunshades
-Flush Backlite
-Flush door panels
-Flush sliding door panels
-Lateral and rear sunshades
-Luggage-covers
-Manual flush windows
-Manual roof sunshades
-Panorama windscreen sunshades
-Top loaded fix modules
-Top loaded outer sliding
-Top loaded outer sliding 1 panel
-Top loaded spoiler
-Top loaded spoiler 2 panels

Commercial Vehicles Products
-Air suspension brackets
-Axle beams
-Axle shafts
-Axle spindles
-Battery box components
-Brake camshafts
-Brake drums
-Differential housings
-Front lids
-Input shafts
-Injection pumps
-Lay shafts
-Levers
-Pistons
-Rear axle assemblies
-Sector shafts
-Spindles
-Stabilizer bars

Transmission & Brakes
-Axle shafts
-Brake boosters
-Clutch & transmission housings
-CV joints
-Differential cases
-Differential components
-Differential crowns and reductor fixed gears
-Differential housings
-Double clutch components
-Flanges
-I-Boosters
-Motor housings
-Oil pans
-Pins for differential cases
-Planetary carriers
-Sprockets
-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.
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.

Supplemental Information 1

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Nagata-cho, Chiyoda-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Southfield, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779