CIE AUTOMOTIVE, Global supplier of components, assemblies and sub-assemblies for the automotive market has acquired the automotive component manufacturer AKT Plastics.
Through this acquisition, CIE increases its production capacity in the plastics segment as well as its presence in the Volkswagen Group.
About CIE AUTOMOTIVE
CIE AUTOMOTIVE, a listed company, has 114 production centers located in more than 100 different locations, spread over 16 countries on 4 continents: Mexico and the USA in North America, Brazil in South America, Morocco in Africa, more than 40 countries in Europe and 35 in Asia spread between India and China. through M&A transactions.
For José María Herrera Barandiarán, CEO of CIE AUTOMOTIVE: “The integration of AKT Plásticos is framed in a context of inevitable consolidation of the existing installed capacity of the suppliers, given the situation of volumes and other complexities of the European Automotive industry. It is a great pleasure to add their great team to our European Plastics division, for which we predict great success, and to start working with all their stakeholders.”
About AKT
AKT is a company dedicated to the injection of thermoplastics of the ISN Group. In the automotive world, it manufactures serial parts such as Tier 1 for Volkswagen, Audi, Seat, Renault and General Motors.
For AKT, this transaction represents a new step in its growth.
In the words of Fermín Elizalde Urmeneta, Director of Grupo ISN, “The divestment of the ISN Group in AKT Plásticos is a consolidation of the company for its growth within an International Group.
We are proud to have created the human, technical and technological team that allows AKT Plásticos to be one of the most cutting-edge companies in the Automotive Plastics Sector.”
Albia IMAP
Albia IMAP is a firm specialized in mergers and acquisitions in the middle market. It is part of IMAP, an international organization with a presence in 50 countries with more than 450 specialists in M&A. IMAP is recurrently in the Top 10 financial advisors worldwide, being the first independent.
In 2023, IMAP closed 231 corporate transactions globally, 30% of which were cross-border transactions.
In Spain, ALBIA IMAP closed 10 transactions in 2023 in various sectors such as: Services, Industry or Technology, among others.
The ALBIA IMAP team that has participated in this transaction has been: Fernando Cabos, Pablo Gómez and César Claver.