trending Market Intelligence /marketintelligence/en/news-insights/trending/jTjRdV4JbabEpprrUuWUbg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fiat Chrysler to sell cast iron components business to Brazil's Tupy for €210M

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Fiat Chrysler to sell cast iron components business to Brazil's Tupy for €210M

Fiat Chrysler Automobiles NV agreed to sell its global cast iron automotive components business to Brazil's Tupy SA for €210 million, according to Dec. 20 announcements from both companies.

The transaction includes FCA subsidiary Teksid SpA's global assets and production facilities in Brazil, Mexico, Poland and Portugal. Additionally, Teksid's interest in a joint venture in China, its engineering office in Italy and the sales office in the U.S. will also be transferred to Tupy, which develops and manufactures engineered cast iron structural components.

FCA will continue to own Teksid's aluminum business.

The proposed transaction is subject to antitrust approvals and is expected to close in the second half of 2020.

The acquisition will allow Tupy to expand its business, especially to the Asian market. The transaction is also expected to strengthen Tupy's strategic partnership with FCA, which will remain a significant customer of the combined entity as part of a long-term supply arrangement.

"Together, Teksid and Tupy will continue to develop new technologies to support the continued success of our products," said Scott Garberding, FCA's global chief manufacturing officer.

"The combined strengths of both companies will lead to more efficient asset utilization and faster responses to the global capital goods industry cyclicality, key factors in creating value for customers and ensuring long-term sustainability of the value chain," Tupy said in a statement.

Tupy and Teksid's cast iron automotive components business generated total revenues of more than €1.5 billion in 2018.

Banco Morgan Stanley SA acted as exclusive financial adviser to Tupy, while J.P. Morgan provided the financing for the transaction. Cleary Gottlieb Steen & Hamilton acted as legal counsel to Tupy.