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Sep 25, 2019ACQUISITIONItaly

CIE Automotive acquires Somaschini S.p.A.

CIE Automotive acquired Somaschini S.p.A., an Italian precision gear manufacturer, for approximately 79.6 million euros. The acquisition was announced in September 2019 and completed by January 2020.

Value

$87.0M (79.6M EUR)

Status

Completed

Productsprecision gears

CompaniesCIE Automotive acquirer Somaschini target

Sectors#Automotive Components

“Since September 2019, Somaschini is part of the Spanish group CIE Automotive, an industrial group specialized in the supply of components and assemblies for the automotive sector.”somaschini.com

1 source
somaschini.comCIE Automotive acquires Somaschini S.p.A. – Somaschini.comSep 25, 2020

Summarized from public sources; check the original articles before acting on it.

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