M&A Deal Summary

Samsung SDI Acquires Magna International - Battery Pack Business

On February 23, 2015, Samsung SDI acquired chemicals company Magna International - Battery Pack Business from MAGNA

Acquisition Highlights
  • This is Samsung SDI’s 1st transaction in the Chemicals sector.
  • This is Samsung SDI’s 1st transaction in Canada.
  • This is Samsung SDI’s 1st transaction in Ontario.

M&A Deal Summary

Date 2015-02-23
Target Magna International - Battery Pack Business
Sector Chemicals
Buyer(s) Samsung SDI
Sellers(s) MAGNA
Deal Type Divestiture

Target

Magna International - Battery Pack Business

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

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Buyer(S) 1

Buyer

Samsung SDI

Yongin, South Korea

Category Company
Founded 1970
Sector Electronics
Revenue 16.59T KRW (2024)
DESCRIPTION

Samsung SDI is a solution provider in materials and energy. Samsung SDI began as a producer of cathode ray tubes and entered the energy solution business. Samsung SDI's products include small-sized lithium-ion batteries, automotive batteries, energy storage systems, materials for semiconductors and displays, plastic for electronic devices and vehicles, as well as artificial marble. Samsung SDI was founded in 1970 and is based in Yongin, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

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 1 of 2
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Philips & Lite-On Digital Solutions - Display and Electronic Components Business Units

Hsinchu, Taiwan

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Bestop

Louisville, Colorado, United States

Bestop is a manufacturer of soft tops and fabric accessories for Jeep vehicles and the sole supplier of OEM soft tops for Jeep Wranglers. Bestop has been a premier brand in the Jeep and 4x4 industry for over 60 years, producing a large variety of accessories including soft tops, doors and windows, powerboards, seats, storage and racks, bumpers, floor liners, tonneau covers and bed covers that are sold through both OE and aftermarket channels. Bestop was founded in 1954 and is based in Louisville, Colorado.

Sell -