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Tower International

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uuid003aqlt

Namestring
Tower International
Legal namestring
Tower International, Inc.
Company typeenum
Public
Founded yearint
1993
Descriptiontext

Tower International was a leading integrated global manufacturer of engineered structural metal components and assemblies, supplying automotive OEMs worldwide from its headquarters in Livonia, Michigan. The company's core product offering centered on high-strength structural components, precision stamping assemblies, and full body-frame structural assemblies engineered to provide lightweighting and structural performance benefits for vehicle durability and safety. Its portfolio spanned four interconnected capabilities: Car Body Structural Components (body-frame assemblies), Power Engineering (design innovation and prototype optimization), Manufacturing (advanced production with custom tool and die development), and Logistics (end-to-end supply chain optimization). Revenue mechanics were anchored in long-cycle Tier-1 supplier contracts with major global automotive manufacturers across both ICE and EV platforms.

Tower International was publicly traded on the NYSE under ticker TOWR until its acquisition by Autokiniton US Holdings, Inc. for $31 per share in cash, completed on September 30, 2019. Autokiniton is a subsidiary of Autokiniton Global Group, LP, a portfolio company of KPS Capital Partners, LP (approximately $5.1 billion in AUM as of June 30, 2019). Following the transaction, Tower ceased to operate as an independent entity; its operations, locations, and capabilities were absorbed into Autokiniton, which now operates 20+ manufacturing and logistics sites across Michigan, Indiana, Ohio, Kentucky, Tennessee, Mississippi, South Carolina, and Illinois, with the Autokiniton HQ at 17757 Woodland Dr, New Boston, MI. The combined enterprise supports a workforce of 10,000+ associates and serves the world's top automotive OEMs, including recognition via the Ford World Excellence Award in December 2021.

Short descriptiontext

Tower International was a global Tier-1 manufacturer of engineered automotive structural metal components and assemblies, producing body-frame structures, precision stampings, and related engineering, manufacturing, and logistics services for the world's leading automotive OEMs.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersLivonia, United States
HQ citystring
Livonia
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
automotive structural components, metal stampings manufacturing, body frame assemblies, engineered metal components, automotive OEM supplier
NAICS code2 codes
  • Fabricated Structural Metal Manufacturing332312
  • Sheet Metal Work Manufacturing332322
SIC code2 codes
  • Sheet Metal Work3444
  • Fabricated Structural Metal Products3440
Product category
Automotive Structural Components Manufacturing
Social media profiles1 record
Cost components5 values
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Tower International was a leading integrated global manufacturer of engineered structural metal components and assemblies for the automotive industry. The company produced full body-frame structural assemblies, high-strength structural components, and precision stamping assemblies, supported by in-house design, prototype, tooling, and logistics capabilities, supplying automotive OEMs with lightweighting and safety-critical vehicle structures.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Autokiniton (formerly Tower International) operates as an automotive supplier specializing in high-strength structural components and precision stamping assemblies. The company offers a unified portfolio of four interconnected product lines: Car Body Structural Components (full body-frame assemblies with lightweighting benefits), Power Engineering (design and prototype services), Manufacturing (advanced production with custom tooling), and Logistics (end-to-end supply chain optimization). These offerings are integrated to deliver complete solutions for automotive original equipment manufacturers, supporting vehicle safety and performance from design through delivery.

Product and service1 record
1Car Body Structural Components
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierFlagshipTypeOthersAnnounced on2019-09-30
Description

Autokiniton US Holdings, Inc. completed the acquisition of Tower International, Inc. (NYSE: TOWR) for $31 per share in cash. Tower International was a leading manufacturer of engineered automotive structural metal components and assemblies. Autokiniton is a subsidiary of Autokiniton Global Group, LP, a portfolio company of KPS Capital Partners, LP.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

One of the world's largest tier-1 automotive suppliers with extensive Body and Chassis structural metal and stamping operations serving global OEMs in similar product categories.

TypeDirect peer
Description

Canadian tier-1 supplier of lightweight structures and propulsion systems for the automotive industry, with significant stamping and assembly operations serving North American OEMs.

TypeDirect peer
Description

Spanish-headquartered specialist in automotive metal components including body-in-white, chassis, and structural parts with comparable lightweighting focus and global OEM relationships.

TypeDirect peer
Description

North American specialist in hydroformed and roll-formed structural components for automotive OEMs, with direct overlap in structural metal assemblies for body and chassis applications.

TypeDirect peer
Description

Family-owned German automotive supplier producing metal structural components including body and chassis parts for global OEMs, with comparable stamping and assembly capabilities.

TypeDirect peer
Description

Mexican-headquartered global manufacturer of automotive structural metal components including frames, side rails, and cross members for light and commercial vehicles.

TypeDirect peer
Description

Large Japanese tier-1 automotive supplier with body, chassis, and structural component divisions supplying major OEMs worldwide with similar engineered metal products.

TypeDirect peer
Description

US-based automotive supplier focused on lightweighting solutions using aluminum and steel stampings, body-in-white structures, and engineered metal components for OEM customers.

TypeDirect peer
Description

Privately held tier-1 automotive supplier specializing in engineered mechanisms, body structures, and chassis components for global OEMs—directly overlapping in structural assemblies.

TypeDirect peer
Description

Global automotive supplier with a dedicated Steel/Tube division producing chassis and structural components for major OEMs, directly comparable to Tower's body-frame structural work.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tower International

Automotive Structural Components Manufacturingtowerinternational.com

Tower International was a global Tier-1 manufacturer of engineered automotive structural metal components and assemblies, producing body-frame structures, precision stampings, and related engineering, manufacturing, and logistics services for the world's leading automotive OEMs.

What Tower International does

Tower International was a leading integrated global manufacturer of engineered structural metal components and assemblies, supplying automotive OEMs worldwide from its headquarters in Livonia, Michigan. The company's core product offering centered on high-strength structural components, precision stamping assemblies, and full body-frame structural assemblies engineered to provide lightweighting and structural performance benefits for vehicle durability and safety. Its portfolio spanned four interconnected capabilities: Car Body Structural Components (body-frame assemblies), Power Engineering (design innovation and prototype optimization), Manufacturing (advanced production with custom tool and die development), and Logistics (end-to-end supply chain optimization). Revenue mechanics were anchored in long-cycle Tier-1 supplier contracts with major global automotive manufacturers across both ICE and EV platforms.

Tower International was publicly traded on the NYSE under ticker TOWR until its acquisition by Autokiniton US Holdings, Inc. for $31 per share in cash, completed on September 30, 2019. Autokiniton is a subsidiary of Autokiniton Global Group, LP, a portfolio company of KPS Capital Partners, LP (approximately $5.1 billion in AUM as of June 30, 2019). Following the transaction, Tower ceased to operate as an independent entity; its operations, locations, and capabilities were absorbed into Autokiniton, which now operates 20+ manufacturing and logistics sites across Michigan, Indiana, Ohio, Kentucky, Tennessee, Mississippi, South Carolina, and Illinois, with the Autokiniton HQ at 17757 Woodland Dr, New Boston, MI. The combined enterprise supports a workforce of 10,000+ associates and serves the world's top automotive OEMs, including recognition via the Ford World Excellence Award in December 2021.

Tower International firmographics

Firmographics
Name
Tower International
Legal name
Tower International, Inc.
Website
https://towerinternational.com
Company type
Public
Founded year
1993
Operating status
Acquired
Headcount range
5,001–10,000 employees
Short description
Tower International was a global Tier-1 manufacturer of engineered automotive structural metal components and assemblies, producing body-frame structures, precision stampings, and related engineering, manufacturing, and logistics services for the world's leading automotive OEMs.
Ownership category
akta.pro rank

Where Tower International is headquartered

Location

Headquarters

HQ city
Livonia
HQ country
United States
HQ region
North America

Markets served

Tower International business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Tower International product offering

Product offering

Core offering

Tower International was a leading integrated global manufacturer of engineered structural metal components and assemblies for the automotive industry. The company produced full body-frame structural assemblies, high-strength structural components, and precision stamping assemblies, supported by in-house design, prototype, tooling, and logistics capabilities, supplying automotive OEMs with lightweighting and safety-critical vehicle structures.

Product overview

Autokiniton (formerly Tower International) operates as an automotive supplier specializing in high-strength structural components and precision stamping assemblies. The company offers a unified portfolio of four interconnected product lines: Car Body Structural Components (full body-frame assemblies with lightweighting benefits), Power Engineering (design and prototype services), Manufacturing (advanced production with custom tooling), and Logistics (end-to-end supply chain optimization). These offerings are integrated to deliver complete solutions for automotive original equipment manufacturers, supporting vehicle safety and performance from design through delivery.

Differentiator

Problem solved

Functional benefit

Products and services

  • Car Body Structural Components

Companies that use Tower International

Customer profile

Segments1 record

Ideal customer profiles1 record

Tower International technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Tower International partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Autokiniton US Holdings, Inc.flagshipOthers · 30 September 2019Autokiniton US Holdings, Inc. completed the acquisition of Tower International, Inc. (NYSE: TOWR) for $31 per share in cash. Tower International was a leading manufacturer of engineered automotive structural metal components and assemblies. Autokiniton is a subsidiary of Autokiniton Global Group, LP, a portfolio company of KPS Capital Partners, LP.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Tower International competitors and assessment

Company assessment

Direct peers

  • Magna International: One of the world's largest tier-1 automotive suppliers with extensive Body and Chassis structural metal and stamping operations serving global OEMs in similar product categories.
  • Martinrea International: Canadian tier-1 supplier of lightweight structures and propulsion systems for the automotive industry, with significant stamping and assembly operations serving North American OEMs.
  • Gestamp: Spanish-headquartered specialist in automotive metal components including body-in-white, chassis, and structural parts with comparable lightweighting focus and global OEM relationships.
  • Vari-Form: North American specialist in hydroformed and roll-formed structural components for automotive OEMs, with direct overlap in structural metal assemblies for body and chassis applications.
  • KIRCHHOFF Automotive: Family-owned German automotive supplier producing metal structural components including body and chassis parts for global OEMs, with comparable stamping and assembly capabilities.
  • Metalsa: Mexican-headquartered global manufacturer of automotive structural metal components including frames, side rails, and cross members for light and commercial vehicles.
  • Aisin Corporation: Large Japanese tier-1 automotive supplier with body, chassis, and structural component divisions supplying major OEMs worldwide with similar engineered metal products.
  • Shiloh Industries: US-based automotive supplier focused on lightweighting solutions using aluminum and steel stampings, body-in-white structures, and engineered metal components for OEM customers.
  • Multimatic: Privately held tier-1 automotive supplier specializing in engineered mechanisms, body structures, and chassis components for global OEMs—directly overlapping in structural assemblies.
  • Benteler International: Global automotive supplier with a dedicated Steel/Tube division producing chassis and structural components for major OEMs, directly comparable to Tower's body-frame structural work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Tower International social profiles

Digital presence

Tower International financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tower International leadership team

Management profile

Number of profiles

Profiles5 records

Tower International funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tower International M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tower International

What does Tower International do?

Tower International was a leading integrated global manufacturer of engineered structural metal components and assemblies for the automotive industry. The company produced full body-frame structural assemblies, high-strength structural components, and precision stamping assemblies, supported by in-house design, prototype, tooling, and logistics capabilities, supplying automotive OEMs with lightweighting and safety-critical vehicle structures.

Is Tower International a public or private company?

Tower International is a public company. It is classified as private equity controlled and is currently acquired.

When was Tower International founded?

Tower International was founded in 1993. It employs 5,001 to 10,000 people.

Where is Tower International based?

Tower International is headquartered in Livonia, United States, in the North America region.

Who are Tower International's main competitors?

Direct peers on record are Magna International, Martinrea International, Gestamp, Vari-Form, KIRCHHOFF Automotive, Metalsa, Aisin Corporation, Shiloh Industries, Multimatic and Benteler International.

Does Tower International have an API?

No public API is recorded for Tower International.

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Live signals
openPR.comAutomotive Body Stampings Market Size Accelerating with Robust Industrial Demand | By Key Players: Magna International, Gestamp, Tower International, Martinrea, Shiloh Industries, Aisin SeikiThe US-Iran conflict has caused volatility in global supply chains for automotive body stampings, impacting raw material sourcing, logistics, and production costs. This has led companies to adopt localization, automation, and regionalization strategies amid rising raw material prices and geopolitical risks.PR NewswireAutokiniton US Holdings Extends Cash Tender Offer for All Outstanding Shares of Tower InternationalAutokiniton US Holdings extended the expiration date of its cash tender offer for all outstanding shares of Tower International to September 27, 2019. As of September 19, approximately 13.3% of Tower's common stock had been validly tendered. The extension allows additional time for the satisfaction of conditions outlined in the merger agreement between the entities.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Investigates Tower International, Inc.WeissLaw LLP has announced an investigation into the proposed acquisition of Tower International, Inc. by Autokiniton Global Group for $31.00 per share in cash, examining whether the deal maximizes shareholder value and whether the Board conducted a fair process.PR NewswireTower International Announces Leaner Leadership StructureTower International, Inc., a manufacturer of engineered automotive structural metal components, has announced management changes to create a leaner organizational structure following the divestiture of Tower Europe. Reid Southby has joined as Executive Vice President and General Manager of Tower North America, a newly created role, while Tower President Pär "Pelle" Malmhagen is departing the company after an orderly transition. Doug Wagner has been promoted to Senior Vice President, Sales Operations and Derek Fiebig has been promoted to Vice President, Investor Relations and Corporate Communications, both reporting to CEO Jim Gouin.PR NewswireTower International to Present at the East Coast IDEAS Investor Conference on June 13ᵗʰ in BostonTower International, Inc. announced it will present at the East Coast IDEAS Investor Conference on June 13, 2019 at the Westin Boston Waterfront in Boston, Massachusetts. Executive Director Derek Fiebig will provide a corporate overview and business update during the 1:00PM EDT presentation, which will be webcast live. Tower International is a leading manufacturer of engineered automotive structural metal components and assemblies serving original equipment manufacturers.PR NewswireTower International Reports First Quarter 2019 in-line with Outlook, Closes on Sale of Europe and Affirms 2020 OutlookTower International reported Q1 2019 results with revenue of $379 million, down 7% from $407 million in Q1 2018, while income from continuing operations fell to $7.7 million from $16.5 million year-over-year. The company completed the sale of its European operations to Financière SNOP Dunois S.A. on March 1, 2019, receiving $250 million in net proceeds and using $50 million to pay down its Term Loan. Tower affirmed its 2020 outlook projecting revenue of $1.69–1.74 billion and adjusted EBITDA of $200–210 million, representing a significant improvement expected from completing launch activity.PR NewswireTower International to Announce First Quarter 2019 Financial ResultsTower International, Inc., a Michigan-based manufacturer of automotive structural metal components and assemblies, announced it will release first quarter 2019 financial results before the market opens on Thursday, May 2, 2019. The company scheduled a conference call at 1:00 p.m. EDT on the same day to discuss the results, with dial-in numbers and a live webcast provided for participants. The audio replay will be available until June 1, 2019.PR NewswireTower International Declares Quarterly DividendTower International's Board of Directors declared a regular quarterly dividend of 13 cents per share on the company's common stock. The dividend is payable on June 7, 2019, to shareholders of record as of May 9, 2019. Tower International is a Michigan-based integrated global manufacturer of engineered automotive structural metal components and assemblies listed on the NYSE.PR NewswireTower Completes Value Creating Sale of its European OperationsTower International has completed the sale of all its European Operations to Financière SNOP Dunois S.A. (FSD), a privately owned French automotive supplier, for an Enterprise Value of €255 million representing a 5.4x 2018 Adjusted EBITDA multiple. The transaction generated approximately $250 million in net cash proceeds, enabling Tower to repay $50 million of Term Loan B and reduce net leverage to less than 1x Adjusted EBITDA. The company states its North American business has grown over 40 percent since 2014 and projects continued above-market revenue growth and improved margins for 2020.PR NewswireTower International Reports 2018 Financial Results in-line with Outlook and Provides Outlook through 2020Tower International, Inc. announced its fourth quarter and full year 2018 financial results on February 12, 2019, reporting revenue of $1.572 billion, up 14 percent from 2017, with net income of $48.9 million or $2.33 per diluted share. The company reached a definitive agreement to divest its European operations for approximately $250 million in net cash proceeds, expected to close in Q1 2019, while retaining its Brazilian operations which are now classified as continuing operations. The company provided its 2019-2020 outlook, noting that 2019 will be a transition year with approximately $700 million in program launches expected to impact results, with significant margin improvement and free cash flow anticipated by 2020.