# Hanon Systems acquires Magna's fluid pressure and controls business for $1.2 billion

Korean Hanon Systems acquired the global fluid pressure and controls business of Magna International for a global deal value of US$1.2 billion. Kochhar & Co advised on the Indian leg of the transaction, as reported on 1 March 2019.

- Type: Acquisition
- Announced: 2019-03-01
- Where: India
- Value: $1.20B
- Status: completed
- Products: fluid pressure and controls products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (partner)
- [Magna International](https://endata.com/companies/2534.md) (target)
- [Hanon Systems](https://endata.com/companies/2556.md) (acquirer)

## Sources

- [kochhardubai.com](https://kochhardubai.com/kochhar-media/assisted-koreas-hanon-systems-on-the-indian-leg-of-the-acquisition-of-the-global-fluid-pressure-and-controls-business-of-magna-international-inc-the-global-deal-value-was-us-1-2-billion/), 2019-03-01: "The Global Deal Value was US $ 1.2 billion."
- [hanonsystems.com](https://www.hanonsystems.com/En/Media/NewsDetails/136), 2019-03-29: "Hanon Systems today announced it has completed the acquisition of the Fluid Pressure & Controls business of Magna International Inc. for approximately $1.2 billion."
- [prnewswire.com](https://www.prnewswire.com/news-releases/hanon-systems-completes-acquisition-of-global-fluid-pressure--controls-business-of-magna-international-inc-300820931.html), 2019-03-29: "Hanon Systems (KS: 018880) today announced it has completed the acquisition of the Fluid Pressure & Controls business of Magna International Inc. for approximately $1.2 billion."

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