- Cimos d.d. was sold to its management team.
- Cimos employs approximately 1,350 people across four countries.
- Cimos generates approximately EUR 120 million in revenue.
On September 18, Cimos d.d. was sold by Mutares SE & Co. KGaA to members of Cimos’ current management team, with support from investor Vero Automotive 111 d.o.o. The transaction changes ownership of the automotive supplier after Cimos spent several years under Mutares. Cimos develops and produces aluminum and iron castings, machined components and assemblies for automotive applications. Its portfolio covers products used in turbochargers as well as lightweight solutions serving steering, chassis, braking systems and body-in-white applications, maintaining its focus on supplying components and assemblies to the automotive industry.
Cimos operates production sites across Slovenia, Croatia, Serbia and Bosnia and Herzegovina, giving the company a manufacturing footprint across several markets in Southeast Europe. The business employs approximately 1,350 people and generates approximately EUR 120 million in revenue. Its manufacturing activities span castings and machined products, allowing the company to serve multiple automotive component applications rather than relying on a single product category. The geographic footprint and workforce also remain important parts of Cimos’ operating structure as ownership transitions from Mutares to the management team supported by Vero Automotive 111 d.o.o.
Since joining Mutares in 2022, Cimos has undergone significant operational improvements, according to the transaction background. During this period, the company also became an integral part of the build-up of the FerrAl United Group, Mutares’ automotive platform focused on forgings, castings and machined components and assemblies. Cimos therefore played a role within a broader automotive industrial platform while continuing to manufacture components for applications including turbochargers, steering, chassis, braking systems and body-in-white structures. The ownership change follows this period of operational development and integration within Mutares’ automotive activities.
The transaction places Cimos under the ownership of members of its existing management team, supported by Vero Automotive 111 d.o.o. This structure keeps the current management involved in the company while introducing investor backing through Vero Automotive 111 d.o.o. For Cimos, the change comes after its operational improvements and participation in the FerrAl United Group build-up since 2022. The company continues to have a substantial manufacturing presence across Slovenia, Croatia, Serbia and Bosnia and Herzegovina, alongside approximately 1,350 employees and approximately EUR 120 million in revenue.
Industry Impact & Outlook
The ownership transition marks a new phase for Cimos following its operational development under Mutares and its participation in the FerrAl United Group build-up. For the automotive supply chain, the change is relevant because Cimos provides castings, machined components and assemblies used across several vehicle systems, including steering, chassis, braking and body-in-white applications. The immediate significance is the transfer of ownership to the existing management team with investor support, while Cimos retains its established production footprint across four Southeast European countries. Further developments will depend on how the new ownership structure manages the company’s operations and future automotive customer requirements.
Frequently Asked Questions
Who acquired Cimos?
The current management team acquired Cimos with support from investor Vero Automotive 111 d.o.o. The transaction was completed after Mutares SE & Co. KGaA sold its portfolio company on September 18. Cimos develops aluminum and iron castings, machined components and assemblies for the automotive industry, with production sites across Slovenia, Croatia, Serbia and Bosnia and Herzegovina. The company employs approximately 1,350 people and generates approximately EUR 120 million in revenue, while its product portfolio includes turbocharger components and lightweight solutions for steering, chassis, braking systems and body-in-white applications.
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