# 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.

- Type: Acquisition
- Announced: 2019-09-25
- Where: Italy
- Value: $87.0M (79.6M EUR)
- Status: completed
- Products: precision gears
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CIE Automotive](https://endata.com/companies/16833.md) (acquirer)
- [Somaschini](https://endata.com/companies/44405.md) (target)

## Sources

- [somaschini.com](https://www.somaschini.com/2020/09/cie-automotive-acquires-somaschini-spa/), 2020-09-25: "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."

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