M&A Deal Summary

CIE Automotive Acquires Inteva Products

On September 16, 2018, CIE Automotive acquired automotive company Inteva Products from Renco Group

Acquisition Highlights
  • This is CIE Automotive’s 3rd transaction in the Automotive sector.
  • This is CIE Automotive’s 2nd transaction in the United States.
  • This is CIE Automotive’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-09-16
Target Inteva Products
Sector Automotive
Buyer(s) CIE Automotive
Sellers(s) Renco Group
Deal Type Add-on Acquisition

Target

Inteva Products

Troy, Michigan, United States
Inteva Products is a supplier of interior systems, closure systems, roof systems, and motors and electronics for leading OEMs around the globe. Inteva Products is based in Troy, Michigan.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CIE Automotive

Bilbao, Spain
Category Company
Founded 1996
Sector Automotive
Employees25,664
Revenue 4.0B EUR (2023)
DESCRIPTION

CIE Automotive is an industrial group specialised in supplying components and subassemblies for the automotive market. It is listed on the Madrid and Bilbao stock markets, and it has presence in 4 continents and 15 countries. CIE Automotive was founded in 1996 and is based in Bilbao, Spain.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Newcor

Rochester Hills, Michigan, United States

Newcor, Inc. is specializes in the manufacturing of high precision machined products for the automotive sector.

Buy -

Seller(S) 1

SELLER

Renco Group

New York, New York, United States
Category Family Office
Founded 1975
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Renco Group, Inc. is a family owned, private holding company that makes long term investments in companies across a range of industries. Sectors of interest include mining, mineral recovery, metals fabrication, defense, and automotive supply. Renco was formed in 1975 and is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Inteva Products

Troy, Michigan, United States

Inteva Products is a supplier of interior systems, closure systems, roof systems, and motors and electronics for leading OEMs around the globe. Inteva Products is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 AM General

South Bend, Indiana, United States

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.

Sell -
Mergr

Product

Company

Legal