November 30, 2023

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Spanish company Teknia plans to increase its sales volume by 60% until 2025 and continue acquiring companies in North America |  Companies

Spanish company Teknia plans to increase its sales volume by 60% until 2025 and continue acquiring companies in North America | Companies

The Spanish automotive components manufacturer Teknia announced on Tuesday its new strategic plan in which it plans to increase its sales volume to 600 million annually in 2025. This means increasing its sales volume by 60% compared to 2022, a bad year for the sector due to the components crisis. For its part, EBITDA will rise by 85% compared to the aforementioned year, reaching 75 million euros.

“Teknia’s new strategic plan will be fundamental to continue achieving our goals, grow sustainably, integrate technology and increase profitability. We are ready to continue growing with a solid and profitable foundation in the future with the aim of continuing to support our customers. Javier Quesada de Luis, Teknia’s general manager, said in a statement: “It is the right moment and we will take advantage of it.”

Thus, the Basque company continues its upward trend to become a major player in the components sector. Teknia does not fall within the same category as Gestamp or Antolin, the two Spanish giants in the sector that supply car brands directly, but it falls within what is known as Tier 2, a type of company that sells to suppliers of car brands. The company, which is in a growth phase with purchases of companies in markets such as Europe and North America, wants to set investment levels of around 5% of its annual sales.

“With regard to the merger and acquisition strategy [fusiones y adquisiciones]“A plan has been defined for both the traditional automotive market and the new mobility market, which is vital to boost Teknia’s global growth in the coming years,” the component manufacturer specified. He explained, “For the traditional market, Teknia will begin a study to integrate new industrial groups in strategic markets with a turnover of more than 80 million, in addition to continuing growth in North America or beginning to evaluate opportunities in the Asian market.” Company. company.

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Teknia opts to source funds from Perte’s second call for electric and connected vehicles, which will close the bidding window on September 15. Specifically, the company intends to invest money in its Ampuero plant in Cantabria, where it has been awarded a contract (the largest in its history) to manufacture aluminum injection power inverter housing.

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