About MITEC Automotive
MITEC Automotive is a company based in Eisenach (Germany) founded in 1990 was acquired by American Axle & Manufacturing in November 2019. MITEC Automotive has raised $13.06 million across 1 funding round from investors including American Axle & Manufacturing and Jebsen Group. The company has 883 employees as of December 31, 2017. MITEC Automotive operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Linamar, among others.
- Headquarter Eisenach, Germany
- Employees 883 as on 31 Dec, 2017
-
Sectors
Transportation, Automotive & Logistics
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Mitec Automotive Ag
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$13.06 M (USD)
in 1 rounds
-
Latest Funding Round
$13.06 M (USD), Private Equity Round
Dec 29, 2015
-
Investors
American Axle & Manufacturing
& 1 more
-
Employee Count
883
as on Dec 31, 2017
-
Acquired by
American Axle & Manufacturing
(Nov 07, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of MITEC Automotive
MITEC Automotive has successfully raised a total of $13.06M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $13.06 million completed in December 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in MITEC Automotive
MITEC Automotive has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include American Axle & Manufacturing and Jebsen Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Jebsen Group is engaged in marketing and distribution of premium brands across Greater China.
|
Locked | Locked | Locked | |
|
Driveline, metal forming, and powertrain components are supplied to aftermarkets.
|
Locked | Locked | Locked |
Investor details for MITEC Automotive
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MITEC Automotive
Investment portfolio details for MITEC Automotive
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - MITEC Automotive
Detailed financials for MITEC Automotive
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Mitec Automotive Comparisons
Peer comparison for MITEC Automotive
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of MITEC Automotive
MITEC Automotive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZF, Cummins, Cooper Standard, Schaeffler and Linamar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Mobility systems are developed for cars, vehicles, and industrial uses.
|
|
| Locked | Locked | Locked |
Manufacturer of gas-powered construction equipment
|
|
| Locked | Locked | Locked |
Systems and components for the automotive industry are supplied worldwide.
|
|
| Locked | Locked | Locked |
Manufacturer of bearings for the automotive industry
|
|
| Locked | Locked | Locked |
Motor vehicle and agricultural parts are manufactured and supplied.
|
|
| Locked | Locked | Locked |
Automotive products and services are supplied globally to automakers.
|
Detailed competitors of MITEC Automotive
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Mitec Automotive
Complete news archive for MITEC Automotive
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MITEC Automotive
MITEC Automotive was founded in 1990 and raised its 1st funding round 25 years after it was founded.
MITEC Automotive is headquartered in Eisenach, Germany. It is registered at Eisenach, Thuringen, Germany.
MITEC Automotive is a funded company, having raised a total of $13.06M across 1 funding round to date.
As of Dec 31, 2017, the latest employee count at MITEC Automotive is 883.
MITEC Automotive was founded in 1990 and is based in Eisenach, Germany. Operations focus on the automotive sector, where powertrain components are produced and delivered to original equipment manufacturers. Items manufactured include balancer systems, high-precision drive units, gears, wheel chains, bevel gears, gear sets, gasoline-saving pumps, and turbo compounds. Clients encompass BMW, GM, Skoda, Jaguar, and Bugatti.
MITEC Automotive's top competitors include Cummins, Valeo and Cooper Standard.
MITEC Automotive has 2 investors. Key investors include American Axle & Manufacturing, and Jebsen Group.