CIE Automotive completed the acquisition of Weidplas Brasil from Techniplas for EUR65m.

CIE Automotive, a company supplier of automotive components and sub-assemblies, completed the acquisition of Weidplas Brasil, a company that specializes in developing and manufacturing plastic components, from Techniplas, a company that specializes in high-precision plastic components and design-focused surfaces, for EUR65m. "The integration of Techniplas Brazil not only strengthens our historical relationship with European and American OEMs and our more recent relationship with major Asian OEMs in the country, but also represents an important complement to our technology portfolio. And it is a project that also offers us the opportunity to grow significantly in the coming years thanks to projects already secured and investments in production capacity already made," Jesús María Herrera, CIE Automotive CEO.