Main

Mitsui to participate in Gestamp Automoción S.A., a Spanish global leader in designing and manufacturing of automotive components

Sep. 8, 2016


Main Contents

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has agreed to purchase shares of Gestamp Automoción S.A. ("GA"), a Spanish global leader in designing and manufacturing of automotive stamping components. Mitsui's investment will be 416 million Euros (approx. ¥47 billion), through which Mitsui will indirectly own 12.525% of GA via Gestamp 2020, SL., a special purpose company established between ACEK Desarrollo y Gestión Industrial, S.L. ("ACEK", a holding company of the founding family of GA) and Mitsui, after signing the stock purchase agreement and obtaining necessary approval and authorization. Mitsui's investment will be adjusted based on GA's coming financial results.

Since GA was established in 1997, they have been manufacturing and supplying metal components, such as Body-in-white, Chassis and Mechanism parts to mainly European and American automotive manufacturers. GA has grown its business in conjunction with the global expansion of those automotive manufacturers. Today GA has a total of 101 production sites (including those in planning) in 20 countries and 12 R&D sites. Based on their 2015 financial result, GA is one of the leaders in sales and EBITDA among automotive stamping component manufacturers in the world. GA's world-leading cutting-edge hot stamping technology has been adopted by several automotive manufacturers and has been supporting them in reaching high level of eco-friendliness (reducing emissions through lighter-weight components) and safety.

"Mobility" is one of the key strategic domains in Mitsui, and since the investment into GA's North and South American operations (USA, Mexico, Brazil and Argentina) in 2013, Mitsui has been strengthening the relationship with GA. The investment in GA itself will allow Mitsui to capture not only the needs of automotive manufactures in the Americas but in a global scale, and enable Mitsui to seize the growth of the high performance material market. In addition, Mitsui's know-how and customer base built over the years in supplying automotive steel, and the synergy generated by harnessing the experiences of handling different kinds of materials across different business units in Mitsui, should all support GA in reinforcing their revenue base and contribute to improving the enterprise value of both GA and Mitsui.

Company profile

Company name Gestamp Automoción, S.A.(GA)
Establishment 1997
Head office Madrid Spain
Capital structure (Before Mitsui participation)
ACEK and others100%
(After Mitsui participation)
Gestamp 2020, S.L. 50.1%, ACEK and others 49.9%
**Mitsui will indirectly own 12.525% of GA through Gestamp 2020, S.L.
Mitsui's investment timing Within FY ending March 2017 (plan)
President Francisco José Riberas Mera, President and CEO
Business domain Automotive component supplier (101 global production sites. Manufacture of Body-in-White, Chassis, Mechanism components)
Revenue/EBITDA 7,035 million Euros/760 millon Euros (Result of CY2015)
Total assets 5,746 million Euros(as of ended 2015)
Employees Approx. 33,000

Investment structure

Investment structure

GA's hot stamping technology produces light weight components and support automotive manufactures to build eco-friendly automobiles.

GA's hot stamping technology produces light weight components and support automotive manufactures to build eco-friendly automobiles.

Sample of automotive components produced by GA.

Sample of automotive components produced by GA.

Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9821
infoTKADZ@mitsui.com
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7566
Facsimile: +81-3-3285-9819