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Magna International - Acquiring Growth At A Reasonable Price
2015-07-19 05:44:40| Automakers - Topix.net
Even as Magna has long-term challenges to modernize the business and keep up with technological changes, the strategic direction is sound while the valuation is appealing. Magna International announced a rather sizable acquisition in Europe as it is looking to buy German-based Getrag Group in a $1.75 billion deal.
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Magna to acquire Getrag for approximately 1.75B
2015-07-16 16:55:32| Green Car Congress
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getrag
Canadian auto parts giant Magna to buy Getrag transmission group for $2.5B
2015-07-16 15:32:01| Automakers - Topix.net
Ontario-based auto parts maker Magna International says it will pay 1.75 billion euros for Getrag, which has about 13,500 employees and operations in nine countries in Europe, Asia and North America. Magna International Inc. has an agreement to pay about $2.5 billion Cdn to buy the Getrag Group, a German supplier of automotive transmissions for companies such as Ford, BMW, Daimler, Renault, and Volvo.
Magna to build seating division facility in Michigan
2015-07-02 21:15:41| Canadian Plastics Headlines
Canadian auto parts supplier Magna International Inc. is investing US$48 million to build a new facility in Novi, Mich., for its seating division. The project is being funded in part by the Michigan Economic Development Corp., which awarded Magna Seating… The post Magna to build seating division facility in Michigan appeared first on Canadian Plastics.
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michigan
Carlyle Group to invest $500 million in India-focused Magna Energy
2015-06-22 22:24:47| Oil & Gas - Topix.net
Magna plans to bid for small and medium sized fields which are to be auctioned by the government later this fiscal as also in future exploration licensing rounds, he told PTI. US-based private equity firm Carlyle Group on Monday said it will invest $500 million in Magna Energy Ltd, an India-focused oil firm founded by Mike Watts, the man who saw oil in Rajasthan's Thar desert where global giant Royal Dutch Shell saw none.
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