Magna International to acquire OLSA for €230 million

Magna International has signed a deal to acquire OLSA S.p.A., a lighting supplier to automakers, for approximately €230 million on a cash- and debt-free basis, expected to close before end of 2018.

“Magna has signed a deal to acquire OLSA S.p.A., which will expand the company’s lighting capabilities to enable it to design, engineer and manufacture headlamps, tail lamps and other lighting products in every key region of the world.”globenewswire.com

• 2 sources
• globenewswire.comMagna to Acquire OLSA and Expand Lighting BusinessMagna International Inc.Jun 28, 2018
• mexico-now.comMagna acquires lighting manufacturer OLSA, deal includes a plant in Queretaro - MEXICONOWMEXICONOWJul 2, 2018

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