CIE Automotive, S.A. acquired AKT Plásticos, S.L. from Integración de Servicios Navarros, S.L.
April 24, 2024
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CIE Automotive, S.A. (BME:CIE) acquired AKT Plásticos, S.L. from Integración de Servicios Navarros, S.L. on April 25, 2024. Fernando Cabos, Pablo Gómez of Albia Capital Partners, S.L. acted as financial advisor to AKT Plásticos, S.L.
CIE Automotive, S.A. (BME:CIE) completed the acquisition of AKT Plásticos, S.L. from Integración de Servicios Navarros, S.L. on April 25, 2024.
CIE Automotive SA is a Spain-based company engaged, through its subsidiaries, in the production of biofuels, as well as in the supply of components and subassemblies for the automotive industry. The Company is also involved in the Information Technology (IT) sector, with the provision of technological solutions for the healthcare, education, sustainability, transport and communications sectors. The Company is a parent of Grupo CIE Automotive, a group which comprises a number of controlled entities with operations established in Spain, Portugal, France, Lithuania, Morocco, Czech Republic, Romania, Brazil, Argentina, China, Russia, Guatemala and Mexico, among others. The Company has such subsidiaries as Global Dominion Access SA, CIE Inversiones e Inmuebles Sociedad Limitada and CIE Berriz Sociedad Limitada, among others. In February 2014, the Company acquired a 50% stake in RS Automotive NV owned by VEP Fund I Holding Cooperatief WA.