# 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.

- Type: Acquisition
- Announced: 2018-06-28
- Where: Turin, Italy, Italy
- Value: $270.0M (230.0M EUR)
- Jobs: 2,500
- Status: announced
- Products: headlamps, tail lamps, lighting products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (acquirer)
- [Olsa SpA](https://endata.com/companies/18759.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/06/28/1531100/0/en/magna-to-acquire-olsa-and-expand-lighting-business.html), 2018-06-28: "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."
- [mexico-now.com](https://mexico-now.com/magna-acquires-lighting-manufacturer-olsa-deal-includes-a-plant-in-queretaro/), 2018-07-02: "The Canadian auto parts manufacturer said the deal will make the company a global lighting supplier and expand its capability to design, engineer and manufacture headlamps, tail lamps and other lighting products."

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