M&A Deal Summary

CIE Automotive Acquires Newcor

On February 7, 2017, CIE Automotive acquired automotive company Newcor from EXX

Acquisition Highlights
  • This is CIE Automotive’s 2nd transaction in the Automotive sector.
  • This is CIE Automotive’s 1st transaction in the United States.
  • This is CIE Automotive’s 1st transaction in Michigan.

M&A Deal Summary

Date 2017-02-07
Target Newcor
Sector Automotive
Buyer(s) CIE Automotive
Sellers(s) EXX
Deal Type Divestiture

Target

Newcor

Rochester Hills, Michigan, United States
Newcor, Inc. is specializes in the manufacturing of high precision machined products for the automotive sector.

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Buyer(S) 1

Buyer

CIE Automotive

Bilbao, Spain

Category Company
Founded 1996
Sector Automotive
Employees24,495
Revenue 4.0B EUR (2024)
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 2 of 3
Sector: Automotive M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-09 Grupo Recyde SL

Legutiano, Spain

Recyde is a manufacturer of value-add parts for the automotive industry.

Buy €19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-16 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 -

Seller(S) 1

SELLER

EXX

Las Vegas, Nevada, United States

Category Company
Founded 675
Sector Machinery
DESCRIPTION

EXX, Inc. is a designer of manufacturer of precision machined components and assemblies.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-04 Sellers & Josephson

Englewood, New Jersey, United States

Sellers & Josephson, Inc. is a manufacturer of vinyl wallcoverings for the hospitality and home furnishing.

Buy -