Key Points About Cimos and Its Acquisition
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Production Locations: Cimos operates production sites in Slovenia, Croatia, Serbia, and Bosnia and Herzegovina.
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Acquisition: In 2022, Mutares acquired Cimos and integrated it into the FerrAl United Group, which focuses on automotive castings and forgings.
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Strategic Shift: Mutares’ CIO, Johannes Laumann, indicated that the sale reflects a strategic reduction of their exposure in the Automotive & Mobility sector.
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Company Profile: Cimos manufactures aluminum and iron castings, machined components, and assemblies for the automotive industry, specializing in components for turbochargers, powertrains, and electrification systems. The company employs approximately 1,350 people and generates around €120 million in revenue.
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Management Buyout: Cimos has been sold to members of its management team with the backing of investor Vero Automotive 111.
Conclusion
The recent sale of Cimos represents a significant strategic move for Mutares as they streamline their portfolio in the automotive sector while ensuring that Cimos remains under the stewardship of its management team.
