M&A Deal Summary

Tupy Acquires Fiat Chrysler Automobiles NV - Cast Iron Components Business

On December 20, 2019, Tupy acquired manufacturer Fiat Chrysler Automobiles NV - Cast Iron Components Business from Stellantis for 210M EUR

Acquisition Highlights
  • This is Tupy’s 1st transaction in the Manufacturing sector.
  • This is Tupy’s largest (disclosed) transaction.
  • This is Tupy’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-12-20
Target Fiat Chrysler Automobiles NV - Cast Iron Components Business
Sector Manufacturing
Buyer(s) Tupy
Sellers(s) Stellantis
Deal Type Divestiture
Deal Value 210M EUR

Target

Fiat Chrysler Automobiles NV - Cast Iron Components Business

London, United Kingdom
Fiat Chrysler Automobiles NV - Cast Iron Components Business is an Italian industrial group and world leader in the ironworks industry. The business operates in two product lines: Teksid Iron produces iron casting parts for engines, suspensions and other components for the automotive and industrial vehicles sector. Teksid Aluminum produces aluminum engine parts such as cylinder heads and cylinder blocks.

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Buyer(S) 1

Buyer

Tupy

Joinville, Brazil
Category Company
Founded 1938
Sector Manufacturing
Revenue 11.4B BRL (2023)
DESCRIPTION

Tupy is an entity which is specialized in developing and manufacturing highly-engineered structural cast iron components applied to complex metallurgical and geometrical components extensively used in capital goods that serve freight transport, construction industry, agriculture, and many others industrial applications. These solutions contribute to the improvement of life standards such as sanitation, drinking water, health, housing and the production and distribution of food. The technological innovation involved in our production and development processes is the company's specialty that dates back more than 80 years. Tupy's manufacturing facilities are located in Brazil and Mexico. Tupy was founded in 1938 and is based in Joinville, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Stellantis

Hoofddorp, Netherlands
Category Company
Founded 1899
Sector Automotive
Employees258,275
Revenue 189.5B EUR (2023)
DESCRIPTION

Stellantis is a global automobile manufacturing company. Stellantis' storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis was founded in 1899 and is based in Hoofddorp, Netherlands.

DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Groupe PSA

Rueil-Malmaison, France

Groupe PSA designs unique automotive experiences and delivers mobility solutions to clients. The Group has five car brands, Peugeot, Citroën, DS, Opel and Vauxhall, as well as a wide array of mobility and smart services under its Free2Move brand, aiming to become a great carmaker and the preferred mobility provider.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 AIMotive

Budapest, Hungary

AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

Buy -
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