Vauste Spain SL, based in Gijón, Asturias, northern Spain, produces shock absorber systems for the automotive supply industry as well as high-end magnesium components for automotive, rail, aerospace, defense, health and electronic industries. The end products include both accessories and spares and are used in a number of products of world first-class brands. Vauste's business operations are highly internationalized, a feature that remarks the key aspects of the company's corporate strategy since Quantum's acquisition: The use of cutting-edge technology, the deployment of extensive manufacturing experience and the incorporation of strong, sustainable customer service. As of today, the company employs a total workforce of 132 employees.
Quantum acquired Vauste Spain SL as a highly complex carve-out from US global corporate Tenneco (NYSE:TEN) in April 2016 and subsequently organized major commercial, operational and machine investments, which turned the company into a European pioneer in the area of high-end magnesium parts. In October 2018, Vauste inaugurated a brand-new magnesium components manufacturing plant in Asturias, the first of its class and technology in Asturias.
Fernando Sáez, CEO of Vauste, who will continue in his position under the DSA Group, comments: "Quantum has successfully completed the carve-out process and expansion of Vauste into new markets with new clients. In this new phase under DSA, Vauste will consolidate its investments and further expand its activities with our clear focus on operational excellence, quality, technology and customer service, always keeping in mind the interests of all stakeholders".
About DSA: The DSA Group of Companies, based in the United Arab Emirates, through DSA Resources, and in Switzerland, through DSA Investments, integrates a number of companies that operate in various sectors of activity linked, mainly, to the production and marketing of natural resources and industrial products. The acquisition of Vauste Spain SL responds to DSA's interest in driving the growth of the Group's industrial business internationally, taking advantage of the potential of a solvent and prestigious platform, such as Vauste Spain SL. Modern facilities in magnesium utilization technologies for components that are used in cutting-edge industrial sectors, together with its long history in the field of automotive components for large multinationals, make it an ideal investment for the development of our industrial strategy. In the course of this acquisition, DSA incorporates a team of experienced professionals and managers that will allow them to achieve the objectives of an ambitious and necessary industrial plan to take Vauste Spain SL to the next level.
About QCP: QCP is a manager of funds who invests in corporate carve-outs and other special situations across Europe ("Quantum Group"). The QCP operations are managed through its Munich headquarters, as well as its offices in Milan and Madrid. The Quantum Group acquires companies with significant potential for operational improvement, growth and development. As an active and responsible owner, Quantum Group works closely with local management to ensure that its subsidiaries implement a continuous development plan and growth strategy. Since its inception in 2008, the Quantum Group has acquired a variety of businesses from world-leading companies such as Tenneco, Bosch, Stora Enso, Honeywell, Airbus, Nestlé, Henkel, Arconic, BASF, Airbus, Mahle, Deutsche Telekom, Norsk Hydro, etc. With a total of 19 companies in its current portfolio across 7 European countries and a combined turnover of over €1.6 bn, the Quantum Group is one of the most active investors in its sector in Europe .