Deal Snapshot
MAGNA TO ACQUIRE AUTOMOTIVE LIGHTING SUPPLIER WIPAC CZECH
Friday 29 November 2019

Canada-based mobility technology company Magna (NYSE: MGA) has agreed to acquire automotive lighting engineering firm Wipac Czech s.r.o., located in the Czech Republic to expand global lighting business, the company said.
The transaction Magna's second lighting acquisition in as many years is expected to close the week of November 25 and will expand Magna's engineering capabilities globally.


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Details
Date Published: 29/11/2019
Target: Wipac Czech
Country: Czech Republic
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Magna
Comment:
Terms of the deal were not disclosed

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