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CIE Automotive ( (ES:CIE) ) just unveiled an announcement.
CIE Automotive has announced the acquisition of Techniplas Brasil, a Brazilian company specializing in high-complexity plastic components, for approximately 65 million euros. This acquisition strengthens CIE Automotive’s position in the Brazilian automotive market and enhances its technology portfolio, offering significant growth opportunities and reinforcing its commitment to serving major OEMs globally.
The most recent analyst rating on (ES:CIE) stock is a Buy with a EUR30.00 price target. To see the full list of analyst forecasts on CIE Automotive stock, see the ES:CIE Stock Forecast page.
More about CIE Automotive
CIE Automotive operates in the automotive industry, specializing in the production of high-complexity plastic components. The company is known for supplying major OEMs and has a strong presence in both European and American markets, with a growing relationship with Asian OEMs.
Average Trading Volume: 82,573
Technical Sentiment Signal: Buy
Current Market Cap: €2.87B
For detailed information about CIE stock, go to TipRanks’ Stock Analysis page.
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