About Tower International
Tower International is a company based in Livonia (United States) founded in 1993 was acquired by Autokiniton in July 2019.. The company has 115 employees as of March 29, 2024. Tower International has completed 2 acquisitions, including Meleghy International and W-Industries. Tower International operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Livonia, United States
- Employees 115 as on 29 Mar, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tower Automotive India Private Limited.
- Date of Incorporation 09 Nov, 1999
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$3.65 M (USD)38.87as on Mar 31, 2023
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Net Profit
$289.66 K (USD)32.9as on Mar 31, 2023
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EBITDA
$451.07 K (USD)32.77as on Mar 31, 2023
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Latest Funding Round
$11.89 K (USD), Grant
Mar 20, 2024
- Investors
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Employee Count
115
as on Mar 29, 2024
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Investments & Acquisitions
Meleghy International
& 1 more
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Acquired by
Autokiniton
(Jul 12, 2019)
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Funding Insights of Tower International
- Total Funding Total Funding
- Total Rounds 11
- Last Round Grant — $11,886
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First Round
First Round
(19 Apr 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Grant - Tower International | Valuation |
investors |
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| Mar, 2024 | Amount | Grant - Tower International | Valuation |
investors |
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| Feb, 2024 | Amount | Grant - Tower International | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tower International
Tower International has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ministerstvo Hospodárstva Slovenskej Republiky and Autokiniton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Autokiniton is recognized as a leading automotive supplier specializing in structural components.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tower International
Tower International has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Meleghy International and W-Industries. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automation, control, process design, and system packaging services are provided.
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1984 | ||||
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Automotive components are manufactured and supplied by the company.
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1910 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tower International
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tower International Comparisons
Competitors of Tower International
Tower International 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 Valeo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Automotive cooling systems, pistons, and aftermarket components are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tower International
Frequently Asked Questions about Tower International
When was Tower International founded?
Tower International was founded in 1993 and raised its 1st funding round 30 years after it was founded.
Where is Tower International located?
Tower International is headquartered in Livonia, United States. It is registered at Livonia, Michigan, United States.
Who is the current CEO of Tower International?
Malmhagen Pelle is the current CEO of Tower International.
How many employees does Tower International have?
As of Mar 29, 2024, the latest employee count at Tower International is 115.
What is the annual revenue of Tower International?
Annual revenue of Tower International is $3.65M as on Mar 31, 2023.
What does Tower International do?
Tower International was founded in 1993 and is based in Livonia, United States. Automotive components for bodies and chassis are produced for original equipment manufacturers. These encompass body structures, class A surfaces, assemblies, chassis elements, and non-automotive structures designed for cars, crossovers, pickups, and sport utility vehicles. Deliveries are made to key OEMs including Ford, Volvo, BMW, Fiat, and Audi.
Who are the top competitors of Tower International?
Tower International's top competitors include Cummins, Valeo and Cooper Standard.
How many acquisitions has Tower International made?
Tower International has made 2 acquisitions, including Meleghy International, and W-Industries.
Who are Tower International's investors?
Tower International has 2 investors. Key investors include Ministerstvo Hospodárstva Slovenskej Republiky, and Autokiniton.
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