# Magna enters joint venture with Hubei Aviation Precision Machinery

Magna International has entered into a joint venture cooperation agreement with China's Hubei Aviation Precision Machinery Co., Ltd. (HAPM) to expand its seating expertise in China and Asia. The deal is expected to close in Q4 2017, subject to regulatory approval.

- Type: Acquisition
- Announced: 2017-04-28
- Where: China
- Status: announced
- Products: automotive seat mechanisms and structures
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md)
- [Hubei Aviation Precision Machinery](https://endata.com/companies/17097.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/magna-enters-joint-venture-with-chinese-seating-supplier-620714073.html), 2017-04-28: "We are very pleased to establish such a cooperative relationship with Magna."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.