M&A Deal Summary

MAGNA Acquires Karmann Japan Co.

On February 25, 2010, MAGNA acquired automotive company Karmann Japan Co. from Wilhelm Karmann

Acquisition Highlights
  • This is MAGNA’s 4th transaction in the Automotive sector.
  • This is MAGNA’s 1st transaction in Japan.

M&A Deal Summary

Date 2010-02-25
Target Karmann Japan Co.
Sector Automotive
Buyer(s) MAGNA
Sellers(s) Wilhelm Karmann
Deal Type Divestiture

Target

Karmann Japan Co.

Yokohama, Japan
Karmann Japan Co. Ltd. is a manufacturer of convertible roofs for vehicles. The company was founded in 2006 and is based in Yokohama, Japan.

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Buyer(S) 1

Buyer

MAGNA

Aurora, Ontario, Canada

Category Company
Founded 1957
Sector Automotive
Employees164,000
Revenue 42.8B USD (2024)
DESCRIPTION
MAGNA's headquarters in Aurora, Ontario.
MAGNA's headquarters in Aurora, Ontario.

MAGNA is a diversified automotive supplier. Magna designs, develops and manufactures automotive systems, assemblies, modules and components, as well as engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. Magna was formed in 1957 and is based in Aurora, Ontario. MAGNA was founded in 1957 and is based in Aurora, Ontario.


DEAL STATS #
Overall 4 of 22
Sector: Automotive M&A 4 of 16
Type: Divestiture M&A Deals 2 of 7
Country: Japan M&A 1 of 1
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-23 BluWav Systems

Rochester Hills, Michigan, United States

BluWav served military, commercial, marine, automotive and industrial markets. The company was based in Rochester Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-05 Resil Minas Indústria e Comércio

Sao Joaquim de Bicas, Brazil

Resil Minas Indústria e Comércio Ltda. is the largest supplier of seat frames and stampings in South America. Automotive customers include Fiat, Ford, General Motors, Volkswagen, IVECO and PSA.

Buy -

Seller(S) 1

SELLER

Wilhelm Karmann

Osnabruck, Germany

Category Company
Founded 1901
Sector Automotive
DESCRIPTION

Wilhelm Karmann GmbH engages in the development and production of vehicles and components for the automotive industry. Wilhelm Karmann GmbH was founded in 1901 and is based in Osnabruck, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2010 M&A 1 of 1