Strategic Expansion in Automotive Components

CIE Automotive, a global leader in automotive components and systems, has announced the acquisition of the Aludec Group. This strategic move significantly strengthens CIE's position in the market, particularly in aluminum-based automotive solutions.

Enhancing Technological Capabilities

The acquisition of Aludec, known for its expertise in aluminum die-casting and machining, brings advanced technological capabilities and manufacturing know-how to CIE's portfolio. This integration is expected to enhance CIE's product offerings and operational efficiency.

The deal aligns with CIE's growth strategy of expanding through strategic acquisitions that complement its existing business lines and geographic presence. Financial terms of the transaction were not immediately disclosed.