The closing of the operation is conditioned to the fulfillment of the usual conditions in this type of operations, including the authorization of the Mexican control authorities of concentrations. This operation occurs at a time when the Mexican industrial sector is concerned about the continuing threats of the Trump Administration to implement tariffs for exports of Mexican products to the United States. Thus, the CEO of CIE Automotive, JesГєs MarГa Herrera, stressed that this operation complements the mechanization activities of the group in Mexico and will allow 'an important future physical and commercial expansion in this and other technologies.' 'This transaction further reinforces the commitment of the CIE Automotive group with the Mexican automotive market,' he added. CIE frames this operation in the consolidation of business activities in Mexico. In this sense, the management of the Basque company considers that for the present 2019 the gross results or Ebitda of the Mexican companies reach about 18 million dollars. Like all inorganic operations carried out by CIE Automotive, Basque executives analyze the capacity to generate results from the first day. These companies are, in the news, suppliers of supplies of components mechanized for the big manufacturers of automobiles installed in the Aztec country. The manufacturing facilities acquired by CIE Automotive, with more than 400 workers, are located in Celaya, in the Mexican state of Guanajuato, the geographical area where a large part of the Mexican automotive industry is concentrated. The transaction price will be paid by CIE Automotive in cash on the date of the closing of the transaction and will be financed through the cash available in the box of the # company with four plants in GuipГєzcoa. In particular, the Basque group has bought 100% of the share capital of the machined societies of Precision of Mexico (Mapremex) and Cortes de PrecisiГіn of Mexico for a total of about 65.5 million dollars, according to the Quoted in the National Securities Market Commission (CNMV). Thus, the company CIE Automotive has closed the acquisition of two Mexican companies for about 60 million euros. DonostiaвЂ“ Basque companies in the automotive industry continue to grow in the middle of the world, apparently unrelated to the uncertainties that they plan on the automotive industry for energy transformation.

Cie pemsa celaya