CIE Automotive acquires the Aludec Group

Group 1 - CIE Automotive has acquired 100% of Aludec, S.A. for an enterprise value of €200 million, which is approximately five times the current year's EBITDA [1] - The acquisition will be financed through CIE Automotive's available cash and will be paid in cash at closing [1] - Aludec is expected to generate sales of approximately €160 million in 2025 and has ten manufacturing facilities across Spain, Portugal, Mexico, and the US [2] Group 2 - The acquisition aligns with CIE Automotive's diversification strategy, creating a new aesthetic components division to enhance its global product offerings [3] - Aludec is noted for its excellent profitability, solid financial position, and high cash generation, which complements CIE Automotive's financial health [4] - The president of Aludec expressed satisfaction with the integration into a global group, ensuring growth and continuity of the company's legacy [4]