Global investment firm Carlyle today announced that it has agreed to acquire AutoForm AG from Astorg, the global private equity firm and majority shareholder since 2016.
Leveraging its significant experience in scaling technology companies and investing in assets that cater to the automotive industry, Carlyle will support AutoForm in accelerating its growth plan through the development of its existing software platform and through acquisitions, as well as investing in the company’s innovative product suite and commercial operations.
AutoForm has proven its innovation leadership in the domain of Stamping and Body in White over the past 25 years, providing a full Digital Process Twin to automotive OEMs and suppliers. Carlyle will support AutoForm’s strategy focused on increasing the value to its customers’ digital transformation journey. AutoForm will continue to operate independently in the market, maintaining a strong focus on its customers’ success in the area of Stamping and Body in White.
Carlyle has a strong appreciation for the Company’s deeply rooted culture of innovation through sustained R&D investments and is fully committed to support continued strong investments into product innovation and R&D, which will benefit the future growth of AutoForm and product innovations that AutoForm can bring to its customers.
Olivier Leteurtre, CEO of AutoForm, said: “Carlyle's investment is a great opportunity for AutoForm, bringing the company forward into the next phase of its development and growth. Customers will benefit from the innovation power and the comprehensive product portfolio of AutoForm, enabling the digitalization of the entire process chain end to end from early feasibility of single stampings to full body in white assemblies.”
About Carlyle Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
About AutoForm AutoForm offers software solutions for sheet metal forming and BiW assembly process. With over 400 employees dedicated to this field, AutoForm is recognized as the leading provider of software for product manufacturability, tool and material cost calculation, die face design and virtual stamping as well as BiW assembly process optimization. All of the Top 20 automotive OEMs and most of their suppliers have selected AutoForm as their software of choice. Besides its headquarters in Switzerland, AutoForm has offices in Germany, The Netherlands, France, Spain, Italy, Czech Republic, Sweden, USA, Mexico, Brazil, India, China, Japan and Korea. AutoForm is also present through its agents in more than 13 other countries. For detailed information please visit: www.autoform.com or follow AutoForm on LinkedIn
About Astorg Astorg is a global private equity firm with over €13 billion of assets under management. Astorg works with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth goals. Enjoying a distinct entrepreneurial culture, a long-term shareholder perspective and a lean decision-making body, Astorg has valuable industry expertise in healthcare, software, technology, business services and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg. For more information about Astorg: www.astorg.com. Follow Astorg on LinkedIn.
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