Slovenia's largest automotive component producer, Cimos, was sold to Italian investment fund Palladio Finanziaria this October. Cimos is one of the largest groups in Slovenia and one of the largest regional providers of automotive components.
Slovenia's largest automotive component producer, Cimos, was sold to Italian investment fund Palladio Finanziaria this October. The company, heavily hit by the financial crisis, was sold by Slovenian Sovereign Holding and the Bank Asset Management Company for 110 million euros. The new owner TCH Cogeme, part of Palladio Finanziaria, with a strong focus on the automotive pillar, announced it will further invest in the company to “accelerate planned investment and conclude the ongoing restructuring process.”
Cimos is one of the largest groups in Slovenia and one of the largest regional providers of automotive components: it specialises in turbocompressor parts, powertrain components, hinges, pedal systems and handbrake levers. The parent company employs around 1,800 people and has a turnover of 392 million euros. The whole group employs around 5,000 people in seven European countries.
