# CITIC Dicastal acquires KSM Castings from Cognetas

Chinese auto-parts maker CITIC Dicastal has acquired German auto-parts supplier KSM Castings from European buyout firm Cognetas for an estimated EUR 300 million.

- Type: Acquisition
- Announced: 2023-11-08
- Where: Germany
- Value: $430.5M (300.0M EUR)
- Status: completed
- Products: light metal casting products for automotive industry
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CITIC Dicastal Manufacturing](https://endata.com/companies/73666.md)
- [KSM Castings](https://endata.com/companies/73667.md) (target)
- [Cognetas](https://endata.com/companies/73668.md) (partner)

## Sources

- [avcj.com](https://www.avcj.com/avcj/news/53738/chinese-autopart-maker-buys-ksm-from-european-buyout-firm), 2023-11-08: "European buyout firm Cognetas has sold German auto-parts supplier KSM Castings to China’s CITIC Dicastal Manufacturing for an undisclosed sum."

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