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History

History

In the late 90s, Francisco Riberas Mera promoted the creation of Gestamp with the aim of becoming a leading supplier in the automotive sector.

Gestamp committed to an internationalization strategy from the outset, incorporating companies in France, Portugal and Brazil.

In the early 2000s, the Group entered strategic automobile markets such as Germany and the United States and strengthened its presence in Western Europe.

In 2004, with the acquisition of Hardtech Group, Gestamp increased its technological competencies and completed a whole technological development process.

From 2006, the Group continued its expansion with a focus on emerging countries such as Brazil, Russia, India and China. Furthermore, it heightened activity in the Americas and Europe.

In 2010, Gestamp acquired Edscha, a German leader in automotive closure systems, with 14 plants and 2 R&D centers across 9 countries. This company is recognized by its customers as a highly specialized technological group. Thanks to this operation, Gestamp greatly extended its product portfolio.

This product oriented growth strategy continued in 2011 with the acquisition of the ThyssenKrupp's metal components division (TK-MF), adding 17 plants and 2 R&D centers to its already extensive production center network. Gestamp thus consolidated its leadership in Western Europe, increased its presence in China and grew in the chassis business.

In 2013 the Group looked towards the financial markets, gaining the support of international investors. It strengthened its shareholder structure in the Americas with the acquisition by Mitsui of 30% of the capital.

In that same year, Gestamp carried out its first bond issue, significantly strengthening its capital structure by diversifying its funding sources.

The opening of two plants in China shows that Gestamp continues expanding in growth markets.

Now, more than 20 years from its foundation, Gestamp is present in 21 countries, has more than 100 manufacturing plants, 12 R&D centers and a workforce numbering over 36,000 employees worldwide.