It is one of leading firms in the European automotive industry.

Corporación Gestamp, Spain's largest automotive supplier steel company was founded in 1997, as a spin-off of Gonvarri, created in 1958; it is wholly owned by the Riberas family.

[citation needed] When Gestamp Automoción was formed, it exclusively supplied SEAT.

On 29 April 2011 Gestamp Automoción bought ThyssenKrupp Metal Forming (TKMF), formerly owned by ThyssenKrupp, the large German international company.

[3] It is based in Madrid in the Alfonso XII street just in front of the Retiro´s park.