/

Diversified Tier 1

/

CIE Automotive

CIE Automotive

CIE Automotive

Verified Sep 2026

Diversified Tier 1

·

Spain flag

Bilbao, Spain

·

Since 2002

CIE Automotive is a publicly listed Spanish Tier-1 supplier founded in 2002, headquartered in Bilbao. The company operates 120 plants across 17 countries and more than 28,000 employees, manufacturing forged, stamped, machined, cast, and plastic automotive components across eight distinct technologies with EUR 3.96B in FY2025 revenue.

CIE Automotive

Verified Sep 2026

AT A GLANCE

Founded

2002

Headquarters

Spain flag

Bilbao, Spain

Employees

>28,000

Ownership

Listed

CIE Automotive at a glance

Revenue

€3.96B

FY2025

Employees

>28,000

Founded

2002

Headquarters

Bilbao, Spain

Ownership

Listed

BME: CIE

Certifications

IATF 16949 (multi-site, current cycle); ISO 14001; ISO 45001; TISAX

Claimed

Known customers

Supplies most global OEMs and Tier-1 suppliers (per company statements); Mahindra CIE Automotive

India listed entity

Industries

Automotive

Electric Vehicles

STABILITY SIGNALS

Established & strong

FinancialStrong
QualityStrong
ScaleStrong
TenureStrong

€3.96B revenue (FY2025), 13.7% EBIT margin, flat YoY — record net profit of €336M.

Listed on Bolsa de Madrid (BME: CIE) with 30+ years of continuous operation across 120 plants in 17 countries.

IATF 16949 certified across multiple production facilities, with current-cycle certificates valid through 2027-2028.

What CIE Automotive makes

CIE Automotive is a multi-technology Tier-1 supplier that designs and manufactures structural and functional components and sub-assemblies across eight distinct manufacturing technologies. The company spans 120 production facilities and 12 research and development centers across 17 countries, with more than 28,000 employees as of its most recent published figures.

The portfolio divides across eight technology families, each running as a distinct division with its own plants, processes, and customer relationships. Metal stamping and tube forming is the largest by reported 2025 revenue, at EUR 983.7M across 20 plants, covering transfer and progressive stamping, robotized press lines, all major welding types, and KTL and ecoat painting. Products include gasoline injection rails, body-in-white components and welded assemblies, chassis welded structures, seat assemblies, and brake booster parts. Machining runs nearly as large, at EUR 624.0M across 27 plants, serving diesel injection rails, crankshaft caps, differential housings, wheel hubs, electric power steering components, and gearbox crown wheels with a full suite of turning, grinding, broaching, gear hobbing, induction hardening, and electron beam welding processes.

Forging contributes EUR 624.8M from 15 plants, covering both steel and aluminium in hot, warm, and cold die processes. Passenger-car products include crankshafts, common rail components, connecting rods, CVT components, hybrid driveshaft elements, CV joints and tulips, wheel hubs, and aluminium suspension parts such as steering knuckles and control arms. Truck and commercial-vehicle work adds front axle beams, knuckles, camshafts, and brake camshafts. Plastics (EUR 449.6M, 17 plants) supplies interior trim, armrests, door handles, glove compartments, rear-view mirror housings, and in-mould decorated components using injection moulding, chroming, IMD, MuCell, and textile back-injection. Aluminium die casting (EUR 431.6M, 9 plants) covers high-pressure and gravity casting of ladderframes, front covers, oil pans, bearing cups, pistons, clutch housings, and rack housings, with machining and leak testing integrated on-site. Iron casting (EUR 146.0M, 3 plants, primarily Brazil and India) produces brake drums, brake discs, turbocharger housings, exhaust manifolds, and differential cases. Roof systems and a branding division round out the technology family.

The company describes its strategy as multi-location with decentralized management and local teams, maintaining operational presence on four continents with heavy concentration in Europe (Spain, Czech Republic, France, Italy, Portugal, Romania, Slovakia, Lithuania, Hungary, Germany), the Americas (Mexico, the United States, Brazil), and Asia (India, China, Korea).

Financial performance

CIE Automotive reported FY2025 revenue of EUR 3.958B, essentially flat against EUR 3.961B in 2024 (down 0.1% in reported terms), reflecting what its CEO described as foreign exchange headwinds across the five-year strategic plan period. EBIT reached EUR 543M, a 13.7% margin on sales, with the margin roughly stable against 13.6% in 2024. EBITDA came in at EUR 746.2M, an 18.9% margin. Net profit reached EUR 336M, the highest in the company's history, up from EUR 185M at the start of its 2021-2025 strategic cycle. The company generated operating cash flow of more than EUR 500M and reduced its adjusted net financial debt to below EUR 900M.

For H1 2026, the company reported net profit of nearly EUR 200M and first-half EBITDA exceeding EUR 400M for the first time, per the company's July 2026 results announcement. The company has more than 28,000 employees and states that all major markets, including Europe, North America, Brazil, India, and China, contributed to growth in revenue and profitability through 2025.

Ownership and history

The CIE Automotive Group traces its origins to 1996, when INSSEC was created with a participation in Corporación Industrial Egaña, a Basque Country manufacturer with roots in forging and metalworking. The CIE Automotive Group as a formal entity emerged in 2002 from a merger of the Egaña Group and the Aforasa Group. Over the following two decades, the company expanded through acquisitions across Europe, the Americas, and Asia, building the diversified technology and geography mix it operates today.

CIE Automotive is listed on the Bolsa de Madrid under the ticker CIE, and is also traded on Euronext and Nasdaq OMX Nordic. The company is headquartered at Alameda Mazarredo 69, 8th floor, 48009 Bilbao, Bizkaia, Spain. Chairman Antón Pradera and CEO Jesús María Herrera Barandiaran have led the company through its 2021-2025 strategic plan, which the company states met all stated targets.

Recent acquisitions include Techniplas Brazil, a plastic-components manufacturer acquired in June 2025 for approximately EUR 65M enterprise value, and Aludec Group, a decorative-parts specialist with around 1,300 employees integrated in March 2026. The company has made progressive acquisitions across all five years of its strategic plan as part of a stated growth-through-integration model.

Certifications and quality

CIE Automotive's plants hold IATF 16949 certification across multiple production facilities, with documents on the company's quality-and-environment page showing current-cycle certificates for sites in Brazil, Germany, and other operating regions, with expiry dates in 2027 and 2028. Several plants also hold ISO 14001 environmental management certification, ISO 45001 occupational health and safety certification, and TISAX certification for automotive data security. The site-level footer across the company's global website references ISO 9001.

The company's quality policy states a commitment to prevention, training, systematic PDCA review, and continuous improvement. APQP and PPAP are standard procedures referenced for new program launches. CIE Automotive's climate commitments have been validated by the Science Based Targets initiative, with stated targets of a 57.9% reduction in Scope 1 and 2 emissions and a 54.6% reduction in Scope 3 emissions by 2033 against a 2021 baseline, and net-zero by 2050. The company received advisory support from the European Investment Bank in 2026 to advance its decarbonization roadmap.

Known customers

CIE Automotive's technology pages state that the company supplies components to most OEMs and Tier-1 suppliers in the industry, which is consistent with the scale of its operations across Europe, the Americas, and Asia. The company does not disclose named customer programs in its public filings or on its website, a standard practice for large multi-technology Tier-1 suppliers whose individual plant output typically flows through multiple program relationships. The company's India operations are conducted in part through Mahindra CIE Automotive, a publicly listed Indian company that combines CIE and Mahindra Group manufacturing operations.

Recent news

July 2026 -- CIE Automotive reported first-half 2026 net profit of nearly EUR 200M and EBITDA exceeding EUR 400M for the first time in a half-year period, per the company's results announcement.

March 2026 -- The company completed its acquisition of Aludec Group, a manufacturer of decorative automotive parts with approximately 1,300 employees, expanding its surface-finishing and decorative capabilities.

February 2026 -- CIE Automotive reported FY2025 revenue of EUR 3.958B, EBIT of EUR 543M (13.7% margin), and net profit of EUR 336M, which the company described as the highest annual net profit in its history. The result completes the company's 2021-2025 strategic plan, which it states met all stated targets despite a more challenging automotive environment than initially anticipated.

Frequently asked questions

What does CIE Automotive make?

CIE Automotive designs and manufactures structural and functional components and sub-assemblies for the automotive industry across eight technologies: metal stamping and tube forming, machining, forging, plastic injection moulding, aluminium die casting, iron casting, roof systems, and decorative branding. Key products include forged crankshafts and suspension arms, stamped chassis assemblies and body-in-white structures, precision-machined powertrain parts, and interior plastic trim. The company operates 120 plants across 17 countries.

Who owns CIE Automotive?

CIE Automotive is publicly listed on the Bolsa de Madrid (ticker: CIE) and is also traded on Euronext and Nasdaq OMX Nordic. The company is based in Bilbao, Spain, and was formed in 2002 from the merger of the Egaña Group and the Aforasa Group, both Basque Country industrial manufacturers. Chairman Antón Pradera and CEO Jesús María Herrera Barandiaran have led the company through its most recent strategic cycle.

What is CIE Automotive's annual revenue?

CIE Automotive reported FY2025 revenue of EUR 3.958B, with an EBIT of EUR 543M (13.7% margin) and net profit of EUR 336M -- the highest net profit in its history. Revenue was essentially flat compared to EUR 3.961B in 2024, which the company attributes to foreign-exchange headwinds across the period. The company publishes audited financials as a listed entity.

Where is CIE Automotive headquartered?

CIE Automotive is headquartered at Alameda Mazarredo 69, 8th floor, 48009 Bilbao, Bizkaia, Spain. The company operates across 17 countries and four continents, with major concentrations in Spain, India, Brazil, Mexico, and China, as well as significant operations in the Czech Republic, Italy, France, Portugal, Romania, the United States, and South Korea.

Who are CIE Automotive's customers?

CIE Automotive's technology pages state that the company supplies most OEMs and Tier-1 suppliers in the global automotive industry. The company does not disclose named customer programs in its public filings. Its scale of 120 plants across 17 countries and EUR 3.96B in revenue reflects a customer base spanning the major global vehicle manufacturers. The company's India operations are conducted through Mahindra CIE Automotive, a listed Indian company combining CIE and Mahindra Group manufacturing.

Last verified September 2026. Is this your company? Request a correction.

Leadership

Jesús María Herrera Barandiaran

CEO

Location & contact

Bilbao (HQ)Headquarters · Bizkaia, Spain
São Paulo – DiademaPlant · São Paulo, Brazil
São Paulo – PiracicabaPlant · São Paulo, Brazil
PernambucoPlant · Pernambuco state, Brazil
Minas GeraisPlant · Minas Gerais state, Brazil
GermanyPlant · Germany
PunePlant · Maharashtra, India
Bilbao (HQ)Alameda Mazarredo 69, 8th floor, 48009 Bilbao, Bizkaia, SpainGroup headquarters

Phone

+34 946 054 835

Certification

IATF 16949 (multi-site, current cycle); ISO 14001; ISO 45001; TISAX

Multi-site IATF 16949 across production facilities in Brazil, Germany, and other regions (current-cycle certificates)

Current-cycle certs expiring 2027-2028

Evaluating suppliers like these?

LightSource gives procurement teams verified supplier intelligence and AI-run sourcing events.