Spain’s Cie Automotive has bought Brazilian and Mexican firms Nakayone and Nugar for EUR26.9m and EUR58m respectively as the highly-acquisitory autoparts maker continues to build its presence in the emerging markets.
Go deeper with GlobalData
Nakayone and Nugar make a range of stamped and welded components for automakers such as Volkswagen, Ford, DaimlerChrysler and General Motors. The companies are headquartered in Mexico City and Sao Paulo.
Cie said Nugar’s acquisition will consolidate its lead in the Brazilian components market, Latin America’s biggest, while buying Nugar will bolster its presence in the key Nafta trade block.
Both deals are subject to regulatory approval, Cie said.
Ivan Castano
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
