M&A Deal Summary

Hanon Systems Acquires Magna International FP&C business

On September 20, 2018, Hanon Systems acquired manufacturer Magna International FP&C business

Acquisition Highlights
  • This is Hanon Systems’ 1st transaction in the Manufacturing sector.
  • This is Hanon Systems’ 1st transaction in Canada.
  • This is Hanon Systems’ 1st transaction in Ontario.

M&A Deal Summary

Date 2018-09-20
Target Magna International FP&C business
Sector Manufacturing
Buyer(s) Hanon Systems
Deal Type Buyout (LBO, MBO, MBI)

Target

Magna International FP&C business

Aurora, Ontario, Canada
Magna's global FP&C business specializes in the design, manufacture and supply of mechanical and electronic pumps, electronic cooling fans, and other components. Magna International FP&C business is based in Aurora, Ontario.

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Buyer(S) 1

Buyer

Hanon Systems

Daedeok-gu, South Korea

Category Company
Founded 1986
Sector Automotive
DESCRIPTION

Hanon Systems is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. Hanon Systems was founded in 1986 and is based in Daedeok-gu, South Korea.


DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Cooper-Standard Automotive - Thermal and Emissions Product Line

Novi, Michigan, United States

Cooper-Standard Automotive, Inc. - Thermal and Emissions Product Line encompasses a range of automotive products that will support increased fuel efficiency and reduced emissions. Products include exhaust gas recirculation modules (EGRs), electronic coolant pumps and valves; electronic wastegate actuators and electronic throttle bodies.

Buy $46M