{"id":29510,"date":"2023-08-10T12:02:07","date_gmt":"2023-08-10T10:02:07","guid":{"rendered":"https:\/\/mutares.de\/?p=29510"},"modified":"2023-09-06T17:40:50","modified_gmt":"2023-09-06T15:40:50","slug":"sixth-acquisition-in-2023-mutares-signed-an-agreement-to-acquire-the-forging-business-in-germany-of-cie-automotive","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/sixth-acquisition-in-2023-mutares-signed-an-agreement-to-acquire-the-forging-business-in-germany-of-cie-automotive\/","title":{"rendered":"Sixth acquisition in 2023: Mutares signed an agreement to acquire the forging business in Germany of CIE Automotive"},"content":{"rendered":"<ul>\n<li>Add-on acquisition for FerrAl United Group to strengthen the Automotive &amp; Mobility segment<\/li>\n<li>Revenues of ca. EUR 220 million<\/li>\n<li>Manufacturer of forged and machined components for the European truck market<\/li>\n<\/ul>\n<p><strong>Munich, August 10, 2023 \u2013 <\/strong>Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire three forging businesses, namely Gesenkschmiede Schneider, Sch\u00f6neweiss &amp; Co. and Falkenroth Umformtechnik, from CIE Forgings Germany, ultimately owned by CIE Automotive S.A. The transaction will further strengthen the FerrAl United Group, a supplier of multi-material machined solutions and systems, combining the Mutares portfolio companies PrimoTECS Group (including Rasche Umformtechnik and BEW Umformtechnik), Cimos, and Walor Bordeaux (Manufacturing Mobility of Tomorrow \u2013 Bordeaux), and most recently the acquisition of SELZER Group signed in July 2023. The enterprise value of the transaction amounts to EUR 55.5 million minus debt. The closing of the transaction is expected in the third quarter of 2023.<\/p>\n<p>The three businesses are located in Germany and together employ around 600 people. The businesses are specialized in forging and machining with a focus on customers in the truck market, and thus perfectly complement the FerrAl United Group. Synergies are expected within the range of customers and production machinery for forging and friction welding capabilities as well as regarding operational improvement within procurement and cross-selling. Furthermore, the combination of all three businesses with the FerrAl United Group will help to leverage operational work, increase competitiveness and supported by the Mutares team bring access to new technologies and expertise, amongst others.<\/p>\n<p>Johannes Laumann, CIO of Mutares, comments: \u201cWith this second acquisition for our newly formed global Tier-1 automotive supplier FerrAl United Group, we are strengthening our presence in the forging business with focus on the stable trucks segment and thus will further diversify our product offering. I am confident that the acquisition from CIE will bring significant benefits and improve synergies.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Add-on acquisition for FerrAl United Group to strengthen the Automotive &amp; Mobility segment Revenues of ca. EUR 220 million Manufacturer of forged and machined components for the European truck market Munich, August 10, 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire three forging businesses, namely Gesenkschmiede Schneider, Sch\u00f6neweiss [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-29510","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sixth acquisition in 2023: Mutares signed an agreement to acquire the forging business in Germany of CIE Automotive - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/sixth-acquisition-in-2023-mutares-signed-an-agreement-to-acquire-the-forging-business-in-germany-of-cie-automotive\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sixth acquisition in 2023: Mutares signed an agreement to acquire the forging business in Germany of CIE Automotive\" \/>\n<meta property=\"og:description\" content=\"Add-on acquisition for FerrAl United Group to strengthen the Automotive &amp; Mobility segment Revenues of ca. EUR 220 million Manufacturer of forged and machined components for the European truck market Munich, August 10, 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire three forging businesses, namely Gesenkschmiede Schneider, Sch\u00f6neweiss [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/sixth-acquisition-in-2023-mutares-signed-an-agreement-to-acquire-the-forging-business-in-germany-of-cie-automotive\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. 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