Quantum Capital Partners (QCP) today announced that one of its investment funds has completed the sale of Vauste Spain SL to the 'Swiss-UAR' DSA Group.

Vauste Spain SL, based in Gijón (Asturias, northern Spain), produces shock absorber systems for the automotive supply industry as well as high-quality magnesium components for the automotive, rail, aviation, defense, health, and electronics industries. The end products include both accessories and spare parts and are used in a range of premium brand products. Vauste's business is highly internationalized, a feature that describes the key aspects of the company's strategy since the acquisition by Quantum: the use of state-of-the-art technologies, the utilization of extensive manufacturing experience, and the establishment of a strong, sustainable customer service. Today, the company employs a total of 132 staff. Quantum acquired Vauste Spain SL as part of a complex spin-off from the US-based Tenneco corporation (NYSE:TEN) in April 2016 and subsequently made significant commercial, operational, and machinery investments that have positioned the company as a European pioneer in the field of high-quality magnesium parts. In October 2018, Vauste opened a state-of-the-art magnesium component production facility in Asturias, the first of its kind in northern Spain.Fernando Sáez, CEO of Vauste, who will continue his position within the DSA Group: "Quantum has successfully completed the spin-off process and the expansion of Vauste into new markets with new customers. In this new phase under DSA, Vauste will make further investments and expand its activities with our clear focus on operational excellence, quality, technology, and customer service, always keeping the interests of all stakeholders in mind."About DSA: The DSA corporate group, based in the United Arab Emirates (DSA Resources) and in Switzerland (DSA Investments), integrates a range of companies operating in various sectors primarily related to the production and marketing of natural resources and industrial products.