M&A Deal Summary

MAGNA Acquires Philips & Lite-On Digital Solutions - Display and Electronic Components Business Units

On February 3, 2015, MAGNA acquired electronics company Philips & Lite-On Digital Solutions - Display and Electronic Components Business Units from Philips & Lite-On Digital Solutions

Acquisition Highlights
  • This is MAGNA’s 1st transaction in the Electronics sector.
  • This is MAGNA’s 1st transaction in Taiwan.

M&A Deal Summary

Date 2015-02-03
Target Philips & Lite-On Digital Solutions - Display and Electronic Components Business Units
Sector Electronics
Buyer(s) MAGNA
Sellers(s) Philips & Lite-On Digital Solutions
Deal Type Divestiture

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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 14 of 22
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 5 of 7
Country: Taiwan M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Techform Products

Penetanguishene, Ontario, Canada

Techform Products Ltd. is an automotive supplier of hinges, door locking rods and other closure products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Magna International - Battery Pack Business

Aurora, Ontario, Canada

Magna International's Battery Pack Business is a provider of batteries for electric vehicles.

Sell -

Seller(S) 1

SELLER

Philips & Lite-On Digital Solutions

Taipei, Taiwan

Category Company
Founded 2003
Sector Technology Hardware
DESCRIPTION

PLDS is a leader in digital convergence.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2015 M&A 1 of 1