SIMEST, the company that together with SACE forms the export and internationalisation hub of the Cassa Depositi e Prestiti Group, again provides support for the internationalisation of the CLN Group, a Piedmont-based group that is among the main European players in the automotive sector, with three acquisitions in Italy, Germany and South Africa, in addition to the four partnerships already held in Italy, Brazil, Argentina and South Africa.
The SIMEST investment of over €19 million will support the 2018-2022 investment programme, which has been developed on the basis of recent orders from some of the world’s leading automotive groups. More specifically, €8 million will go towards a capital increase for MA Srl, an Italian sub-holding company of the Group that directly controls six Italian plants producing bodywork components, structural elements and coatings; €5 million will support the expansion of the German company MA Automotive Deutschland, which controls two plants involved in manufacturing steel and aluminium automotive body parts, whose main customers are BMW and Mercedes; and €6.8 million will go to support the development of the South African company MA Automotive South Africa, which has 7 factories operating in the production of pressed steel components.
Already a SACE customer, the CLN Group was formed in 1948. Its divisions and companies operate in the moulding, roll-forming and assembly of metal components for the automotive market, as well as the engineering and manufacture of steel wheels for passenger cars and light commercial vehicles and the processing and distribution of sheet steel products .
The Group operates through its subsidiaries in 9 countries on various continents, with 33 manufacturing sites employing 7,500 personnel, generating consolidated turnover on the order of €1.6 billion.
Its main customers are car manufacturers such as FCA, PSA, Renault-Nissan-Mitsubishi, Daimler and BMW.
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SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments