Hanon Systems to acquire Magna's Fluid Pressure & Controls business for $1.23 billion

Korean automotive supplier Hanon Systems agreed to acquire Magna International's global Fluid Pressure & Controls business for an enterprise value of about $1.23 billion, with completion expected in Q1 2019.

“Hanon Systems today announced it has signed an agreement with Magna International Inc. to acquire its global Fluid Pressure & Controls business in a transaction valued at approximately $1.23 billion.”hanonsystems.com

• 3 sources
• hanonsystems.comHanon Systems to Acquire Global Fluid Pressure & Controls Business of Magna International Inc.Sep 20, 2018
• autonews.comMagna selling fluid pressure, controls unit to S. Korean supplier for $1.23 billion - Automotive NewsSep 20, 2018
• autotechinsight.spglobal.comHanon Systems to acquire Magna's global Fluid Pressure & Controls Business - Automotive Technology Insight | Forecasts | Industry News | Supply ChainSep 21, 2018

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