The Smart Cube’s Research Helps Accuride Corporation Acquire a Majority Stake in Gianetti Route from MW Italia S.r.l Wheels Division of CLN S.p.A.
The Smart Cube provided the business research (diligence) on the European aluminium and steel wheel market for Accuride, which helped them acquire a majority stake
CHICAGO, IL – (February 2, 2016): The Smart Cube, a global professional services firm specializing in custom research and analytics, announced that their business research around the European aluminium and steel wheel market assisted Accuride Corporation (NYSE: ACW), a leading supplier of components to the global commercial vehicle industry, in acquiring a majority stake in Gianetti Ruote from MW Italia S.r.l wheels division of CLN S.p.A. Gianetti supplies high-quality steel wheels that meet customers’ current and future vehicle program requirements.
Accuride will invest approximately 20 million euros over the next three years to improve Gianetti’s manufacturing operations in exchange for its majority equity position. The successful completion of the transaction will advance Accuride’s strategy to become a leading wheel supplier to the global commercial vehicle industry. The Smart Cube’s research team included Matt Olaveson, Vice President of Financial Services, Dorin Stratan, Manager and Amit Juyal, Senior Manager.
Mr. Olaveson was quoted in Lawyer Monthly magazine stating: “The first major issue faced in this research was to accurately measure the size of the European wheel market for both steel and aluminium wheels as well as forecasting demand. The markets are generally very fragmented with few reliable data sources. The second challenge was mapping the supply chain, from raw material suppliers to end customers to provide solid intelligence on various costs (raw material, transport, labor, etc.).”
The Smart Cube’s Financial Services practice, which spearheaded this research, has analysts – financial, quantitative and strategic – that deliver customized, high-end research and analysis to clients across the highly competitive and specialized financial sector. To find out more about The Smart Cube’s Financial Services click here.