M&A Deal Summary

MAGNA Acquires Telemotive AG

On April 25, 2016, MAGNA acquired engineering company Telemotive AG

Acquisition Highlights
  • This is MAGNA’s 1st transaction in the Engineering sector.
  • This is MAGNA’s 6th transaction in Germany.

M&A Deal Summary

Date 2016-04-25
Target Telemotive AG
Sector Engineering
Buyer(s) MAGNA
Deal Type Add-on Acquisition

Target

Telemotive AG

Muhlhausen, Germany
Telemotive AG is an engineering service provider in the field of automotive electronics.

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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 17 of 22
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 15
Country: Germany M&A 6 of 7
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Getrag KG

Untergruppenbach, Germany

Getrag Group of Companies is a provider of automotive transmissions. Getrag offers a range of transmission systems which include manual, automated-manual, dual-clutch, hybrid and other advanced systems.

Buy €1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 BÖCO Böddecker & Co. & Co. KG

Wuppertal, Germany

BÖCO Böddecker & Co. GmbH & Co. KG is a supplier of latches, hinges and strikers and its customers include Audi, the BMW Group and Daimler. BÖCO has been developing and producing innovative holding, guiding, closing and latching solutions for vehicles for more than 30 years. Meeting the highest standards for safety and reliability, our tailored products are used in cars and commercial vehicles for hoods, tailgates, backrests and side doors.

Buy -