Europa Wire: Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence001085

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….

Go to Source