Gestamp entered into a definitive agreement with Mitsui & Co., Ltd. on January 4th, 2013 according to which Mitsui will acquire newly issued shares for a 30% stake in Gestamp’s businesses in North and South America.
This investment perimeter currently consists of 17 industrial plants in USA, Mexico, Brazil and Argentina. The alliance with Mitsui, one of the largest Japanese industrial and financial groups, represents a major backing of the strategy carried out by Gestamp which has led to its becoming the world’s leading designer and manufacturer of metal components for the automotive industry.
This agreement will not only reinforce Gestamp’s presence in the important markets in the Americas, which today already constitute 25% of the group’s global consolidated revenues, but it will also substantially enhance Gestamp’s relationships with Japanese automotive manufacturers.
In this regard, the collaboration with Mitsui, which is an important commercial partner to all of them, should enable Gestamp to increase its sales to Japanese OEMs, which today do not represent more than 7% of its consolidated revenue.