Ferrostaal Automotive Builds its International Business Base Through Takeover of Spanish Assembly Sites of Valautomocion
Services for automotive manufacturers Ford, Opel and SEAT
27 Apr, 2015, 06:58 ET
ESSEN, Germany, April 27, 2015 /PRNewswire/ --
Ferrostaal Automotive GmbH of Essen has completed a full 100 per cent takeover of the Spanish assembly and logistics business of Grupo Valautomocion of Valencia. Employing around 500 workers at the sites in Valencia, Saragossa and Martorell Valautomocion provides services for its customers Ford, Opel, SEAT and Kautex in Spain. The expansion of the sites and customer base are part of the growth strategy of Ferrostaal Automotive. The parties agreed not to disclose the purchase price.
"The acquisition of Valautomocion is our way into the second most important production location in the European automotive industry", said Hinnerk Pflüger, Managing Director of Ferrostaal Automotive, "and we will be greatly extending the range of services for automotive manufacturers and suppliers in Spain and thereby expanding the business further." The focus will remain on the installation of the full range of modules and assemblies, from simple all the way to complex, and on sequencing services for the automotive industry. As part of the Ferrostaal Automotive Group, Valautomocion has access to the know-how, especially in the area of complex assembly operations, and benefits from the financial strength of the corporate group.
In addition to its logistics, rework, sequencing and simple pre-assembly services, Valautomocion will also offer complex assembly processes for complete modules in future as well as "directed buy" processes.
"We are delighted at the commitment of Ferrostaal as this puts us in a position to keep expediting our growth. Our customers will benefit in future from comprehensive assembly and logistics solutions", said Victor and Javier Valero who will continue to manage the business of Valautomocion.
Automotive production in Spain has moved on since the recession to a position of significant and sustained growth. The Valautomocion sites are close to the Ford, Opel and SEAT car factories which will account for up to 47 per cent of the annual automotive production in Spain (around 2.7 million vehicles) in 2015. Ford in particular will be increasing its production volume to a significant extent, investing 2.3 billion euro in total and relocating the production of certain model ranges to Spain.
The takeover of Valautomocion will put Ferrostaal Automotive on the map at 11 sites in Germany, Belgium, Poland and Spain. The customers include Ford, General Motors, VW, Audi, SEAT and various suppliers (tier 1 and tier 2).
For further information please visit http://www.ferrostaal-automotive.com
About Ferrostaal Automotive GmbH
Ferrostaal Automotive provides tailor-made solutions for the automotive industry, ranging from engineering, process development, the assembly of entire modules and supply chain management right through to just-in-sequence delivery of assembled modules for automotive manufacturers and suppliers. Ferrostaal Automotive is a member of the Ferrostaal Group and a multivendor provider of industrial services operating internationally and independently of technologies and suppliers. Some 2,700 employees combining decades of industry expertise with competence in financing arrangements are on hand to serve the customers. Ferrostaal has own companies in around 40 countries.
SOURCE Ferrostaal Automotive GmbH
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