Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence
(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems for the automotive industry. Cikautxo China, known for its expertise in rubber and plastic components, serves blue-chip clients in automotive and household appliances, contributing approximately EUR 13 million in revenues in 2023. The acquisition aims to expand SFC Group’s Asian manufacturing footprint and capitalize on new market opportunities.
(PRESS RELEASE) MUNICH, 18-Jun-2024 — /EuropaWire/ — Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has finalized the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP, marking its latest strategic move to bolster the SFC Group under the Amaneos umbrella. This acquisition strengthens the group’s position as a global leader in plastic-based systems for the automotive industry and enhances its presence in the Automotive & Mobility segment.
Established in 2011, Cikautxo China specializes in manufacturing rubber and plastic components for automotive and household appliances, including fluid-conducting systems, vibration-damping components, sealing solutions, door seals, and inlet and outlet bellows for washing machines. Headquartered in Kunshan, Jiangsu province, China, the company achieved revenues of approximately EUR 13 million in 2023 and serves a prestigious clientele that includes Daimler, Ford, Geely, Volvo, BSH, and Haier.
The acquisition of Cikautxo China equips SFC Group with immediate production capabilities to fulfill existing contracts, further expanding its manufacturing footprint in Asia. This strategic initiative aims to enhance support for current clients while seizing new market opportunities in the region. SFC Group specializes in fluid transfer systems, lightweight fluid products, and sealing solutions for the automotive sector. Amaneos, based in Frankfurt am Main, Germany, operates globally with over 30 sites, encompassing a robust network of manufacturing and development facilities.
Media Contact:
+31 20 399 5487info@mutares.de
SOURCE: Mutares SE & Co. KGaA
MORE ON MUTARES, ETC.:
]]>
EDITOR’S PICK:
SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
Museum of Unrest: a new space for activism, art and design
Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
Digi Communications N.V. announces the availability of the 2023 Annual Report
International Airlines Group adopts Airline Economics by Skailark ↗️
BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
BevZero South Africa Achieves FSSC 22000 Food Safety Certification
Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
driveMybox continues its international expansion: Hungary as a new strategic location
Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
Digi Communications NV announces the release of the 2023 Preliminary Financial Results
Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
Digi Communications N.V. Announces the release of the Financial Calendar for 2024
Customer Data Platform Industry Attracts New Participants: CDP Institute Report
eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
Digi Communications N.V. announces share transaction made by a Non-Executive Director of the Company with class B shares
Digi Spain Telecom, the subsidiary of Digi Communications NV in Spain, has concluded a spectrum transfer agreement for the purchase of spectrum licenses
Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию
Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights
North Texas Couple Completes Dream Purchase of Ouray’s Iconic Beaumont Hotel
Предприниматель и филантроп Михаил Пелег подчеркнул важность саммита ООН по Целям устойчивого развития 2023 года в Нью-Йорке
Digi Communications NV announces the release of the Q3 2023 Financial Results
IQ Biozoom Innovates Non-Invasive Self-Testing, Empowering People to Self-Monitor with Laboratory Precision at Home
BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”
Motorvision Group reduces localization costs using AI dubbing thanks to partnering with Dubformer
Digi Communications NV Announces Investors Call for the Q3 2023 Financial Results
Jifiti Granted Electronic Money Institution (EMI) License in Europe
Предприниматель Михаил Пелег выступил в защиту образования и грамотности на мероприятии ЮНЕСКО, посвящённом Международному дню грамотности
VRG Components Welcomes New Austrian Independent Agent
Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
Продюсер Михаил Пелег, как сообщается, работает над новым сериалом с участием крупной голливудской актрисы
Double digit growth in global hospitality industry for Q4 2023
ITC Deploys Traffic Management Solution in Peachtree Corners, Launches into United States Market
Cyviz onthult nieuwe TEMPEST dynamische controlekamer in Benelux, Nederland
EU-Funded CommuniCity Launches its Second Open Call
Astrologia pode dar pistas sobre a separação de Sophie Turner e Joe Jonas
La astrología puede señalar las razones de la separación de Sophie Turner y Joe Jonas
Empowering Europe against infectious diseases: innovative framework to tackle climate-driven health risks
Montachem International Enters Compostable Materials Market with Seaweed Resins Company Loliware
Digi Communications N.V. announces that its Belgian affiliated companies are moving ahead with their operations
Digi Communications N.V. announces the exercise of conditional share options by an executive director of the Company, for the year 2022, as approved by the Company’s Ordinary General Shareholders’ Meeting from 18 May 2021
Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2022 financial year
Digi Communications N.V. announces the availability of the 2022 Annual Report
Digi Communications N.V. announces the general shareholders’ meeting resolutions from 18 August 2023 approving amongst others, the 2022 Annual Accounts
Русские эмигранты усиливают призывы «Я хочу, чтобы вы жили» через искусство
BevZero Introduces State-of-the-Art Mobile Flash Pasteurization Unit to Enhance Non-Alcoholic Beverage Stability at South Africa Facility
Russian Emigrés Amplify Pleas of “I Want You to Live” through Art
Digi Communications NV announces the release of H1 2023 Financial Results
Digi Communications NV Announces Investors Call for the H1 2023 Financial Results
Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report
“Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine
Digi Communications N.V. announces the availability of the 2022 Annual Financial Report
“AmsEindShuttle” nuevo servicio de transporte que conecta el aeropuerto de Eindhoven y Ámsterdam
Un nuovo servizio navetta “AmsEindShuttle” collega l’aeroporto di Eindhoven ad Amsterdam
Digi Communications N.V. announces the conclusion of an amendment agreement to the Facility Agreement dated 26 July 2021, by the Company’s Spanish subsidiary
Digi Communications N.V. announces an amendment of the Company’s 2023 financial calendar
iGulu F1: Brewing Evolution Unleashed
Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом
Hajj Minister meets EU ambassadors to Saudi Arabia
Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists
Digi Communications N.V. announces that conditional stock options were granted to executive directors of the Company based on the general shareholders’ meeting approval from 18 May 2021
Digi Communications N.V. announces the release of the Q1 2023 financial results
AMBROSIA – A MULTIPLEXED PLASMO-PHOTONIC BIOSENSING PLATFORM FOR RAPID AND INTELLIGENT SEPSIS DIAGNOSIS AT THE POINT-OF-CARE
Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation
Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar
Digi Communications N.V. announces the conclusion of two Facilities Agreements by the Company’s Romanian subsidiary
Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by the Company’s Romanian subsidiary
Patients as Partners Europe Returns to London and Announces Agenda Highlights
GRETE PROJECT RESULTS PRESENTED TO TEXTILE INDUSTRY STAKEHOLDERS AT INTERNATIONAL CELLULOSE FIBRES CONFERENCE
Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain
XSpline SPA / University of Linz (Austria): the first patient has been enrolled in the international multicenter clinical study for the Cardiac Resynchronization Therapy DeliveRy guided by non-Invasive electrical and VEnous anatomy assessment (CRT-DRIVE)
Franklin Junction Expands Host Kitchen® Network To Europe with Digital Food Hall Pioneer Casper
Unihertz a dévoilé un nouveau smartphone distinctif, Luna, au MWC 2023 de Barcelone
Unihertz Brachte ein Neues, Markantes Smartphone, Luna, auf dem MWC 2023 in Barcelona
Editor’s pick archive….