Gestamp Automoción Acquires ThyssenKrupp Metal Forming From ThyssenKrupp AG

By Gestamp Automocin, PRNE
Tuesday, July 19, 2011

MADRID, July 20, 2011 -


Gestamp Automoción S.L., the international Group dedicated to
the design, development and manufacture of metal components and
structural systems for the automotive industry, announces that the
sale and purchase agreement between ThyssenKrupp AG and Gestamp
Automoción for the transfer of the ThyssenKrupp Metal Forming
companies, has become effective today. The acquisition has been
cleared by the merger control authorities of the European

Francisco Riberas, President and CEO of Gestamp Automoción,
declared: “We have a lot of opportunities ahead of us. Combining
our global manufacturing footprint, technological capabilities and
our financial strength, the new Gestamp Group has become a strong
player in the Auto Industry.” The acquisition is another important
step of Gestamp’s growth path. Furthermore, the acquisition will
strengthen Gestamp’s operations in established countries such as
Germany, the UK and France as well as in emerging markets like
Turkey and China.

Tallent Ltd, the Metal Forming group subsidiary in the UK, will
benefit from being part of an organization with a focus on the same
core Body-in-White and Chassis businesses. “The teams are working
closely together to drive the integration process. Leveraging
revenue synergies and setting the base for accommodating future
growth are key objectives of the integration”, said Francisco

Employing around 5,700 employees, ThyssenKrupp Metal Forming
achieved sales of £990 million in the fiscal year of 2010. The
group has production sites in Germany, France, UK, Spain, Poland,
Turkey and China. Tallent Ltd, contributed with £305 million in

About Gestamp Automoción

Gestamp Automoción is an international group serving
all key automotive OEMs
with three major business lines:
Body-in-White, Chassis and Mechanisms
ThyssenKrupp Metal Forming operations, the group employs more than
23,000 employees and expects to achieve revenues of
£4.5 billion in 2012.
The resulting Group operates more than 90
manufacturing sites in Europe, North- South America and

For further information, please

Paloma Indiano
E-mail: href="">


will not be displayed