# FCA sells Magneti Marelli to Calsonic Kansei for EUR 6.2 billion

Fiat Chrysler Automobiles has agreed to sell its automotive components business Magneti Marelli to CK Holdings, the holding company of Calsonic Kansei, for EUR 6.2 billion, creating the 7th largest global independent automotive components supplier.

- Type: Acquisition
- Announced: 2018-10-22
- Where: Corbetta, Milan, Italy
- Value: $7.10B (6.20B EUR)
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md)
- [Calsonic Kansei](https://endata.com/companies/1784.md) (acquirer)
- [Calsonic Kansei](https://endata.com/companies/1784.md) (partner)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)
- [KKR](https://endata.com/companies/16879.md) (investor)
- [Magneti Marelli](https://endata.com/companies/21832.md) (target)
- [CK Holdings](https://endata.com/companies/30549.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1605484/000160548418000065/a99110222018_fcanv.htm), 2018-10-22: "The agreement represents a transaction value of EUR 6.2 billion."
- [sullcrom.com](https://www.sullcrom.com/About/News-and-Events/Highlights/2018/October/Fiat-Chrysler-and-Magneti-Marelli-Agree-to-Sell-Magneti-Marelli-to-KKR-Portfolio-Company-CK-Holdings-Co-Ltd-For-62-Billion), 2018-10-22: "Fiat Chrysler and Magneti Marelli Agree to Sell Magneti Marelli to KKR Portfolio Company CK Holdings Co., Ltd. For €6.2 Billion"
- [prnewswire.com](https://www.prnewswire.com/news-releases/calsonic-kansei-and-magneti-marelli-to-create-a-leading-independent-automotive-components-supplier-300734957.html), 2018-10-22: "The combined businesses of Calsonic Kansei and Magneti Marelli will create the world's 7th largest global independent automotive components supplier based on total revenues."
- [asia.nikkei.com](https://asia.nikkei.com/business/companies/calsonic-s-magneti-acquisition-kick-starts-its-self-driving-ambitions), 2018-10-22: "Japanese auto parts maker Calsonic Kansei is to buy European auto parts maker Magneti Marelli from Fiat Chrysler Automobiles for 6.2 billion euros ($7.15 billion)."
- [stblaw.com](https://www.stblaw.com/about-us/news/view/2018/10/22/calsonic-kansei-to-acquire-magneti-marelli-in-a-$7.1-billion-transaction), 2018-10-22: "The transaction values Magneti Marelli at approximately €6.2 billion ($7.1 billion)."
- [reuters.com](https://www.reuters.com/article/us-fiat-chrysler-m-a-magnetimarelli/kkrs-calsonic-buys-fiat-chrysler-parts-firm-magneti-marelli-for-71-billion-idUSKCN1MV0W3/), 2018-10-22: "Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier."
- [scrippsnews.com](https://www.scrippsnews.com/business/company-news/fiat-chrysler-is-selling-its-auto-parts-business-for-7-2b), 2018-10-22: "Fiat Chrysler is selling its auto parts business for almost $7.2 billion."
- [financialpost.com](https://financialpost.com/transportation/automotive/update-3-kkrs-calsonic-buys-fiat-chrysler-parts-firm-magneti-marelli-for-7-1-bln/), 2018-10-22: "This combination with Calsonic Kansei has emerged as an ideal opportunity to accelerate Magneti Marelli's future growth."
- [fastener-world.com.tw](https://www.fastener-world.com.tw/en/article/6368.html), 2018-11-23: "The agreement represents a transaction value of EUR 6.2 billion."

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