# Mutares acquires three forging businesses from CIE Automotive for FerrAl United Group

Mutares signed an agreement to acquire Gesenkschmiede Schneider, Schöneweiss & Co. and Falkenroth Umformtechnik from CIE Automotive for EUR 55.5 million, to strengthen the FerrAl United Group.

- Type: Acquisition
- Announced: 2023-08-10
- Where: Germany, Germany
- Value: $60.5M (55.5M EUR)
- Jobs: 600
- Status: announced
- Products: forged and machined components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [CIE Automotive](https://endata.com/companies/16833.md) (target)
- [Gesenkschmiede Schneider](https://endata.com/companies/71969.md) (target)
- [Schöneweiss & Co.](https://endata.com/companies/71970.md) (target)
- [Falkenroth Umformtechnik](https://endata.com/companies/71971.md) (target)
- [FerrAl United Group](https://endata.com/companies/71972.md) (partner)

## Sources

- [ferral-united.com](https://ferral-united.com/2023/08/10/acquisition-of-cie-automotive/), 2023-08-10: "Mutares SE & Co. KGaA has signed an agreement to acquire three forging businesses, namely Gesenkschmiede Schneider, Schöneweiss & Co. and Falkenroth Umformtechnik, from CIE Forgings Germany, ultimately owned by CIE Automotive S.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.