# Tupy acquires Teksid iron castings business from Fiat Chrysler for EUR 210M

Tupy S.A. has entered into a Share Purchase Agreement to acquire 100% of Teksid's iron castings business from Fiat Chrysler Automobiles for EUR 210 million. The acquisition includes operations in Brazil, Mexico, Poland, Portugal, China, and offices in the US and Italy.

- Type: Acquisition
- Announced: 2019-11-20
- Where: Brazil
- Value: $231.0M (210.0M EUR)
- Jobs: 6,000
- Status: announced
- Products: iron castings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md)
- [TUPY](https://endata.com/companies/10573.md) (acquirer)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)
- [Teksid](https://endata.com/companies/43413.md) (target)

## Sources

- [ri.tupy.com.br](https://ri.tupy.com.br/en/investor_news/material-fact-acquisition-of-iron-castings-business-from-teksid-s-p-a/), 2019-11-20: "The Transaction will provide several benefits and synergies, enhancing Company´s competitiveness, including: (i) pooling structures for R&D and technical knowledge in advanced manufacturing; (ii) harnessing the Company‘s competencies related to machining process for Teksid‘s products, since it does "
- [prnewswire.com](https://www.prnewswire.com/news-releases/tupy-acquires-teksids-cast-iron-components-business-from-fiat-chrysler-automobiles-300978072.html), 2019-12-20: "Tupy S.A. today announced that it has entered into an agreement for the acquisition of FCA's global cast iron automotive components business, which is operated through FCA's subsidiary Teksid S.p.A."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5253002/fiat-chrysler-automobiles-agree-to-sell-teksids-cast-iron-business-to-brazilian-supplier-tupy), 2019-12-23: "Fiat Chrysler Automobiles (FCA) has entered into an agreement with Tupy S.A. to sell FCA’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.