Magna International to acquire Viza Geca

Magna International Inc. has signed a deal to acquire Spanish automotive seating company Viza Geca SL. The acquisition includes factories in Spain, Czech Republic, Morocco and Mexico, and adds over 1,100 employees. Financial terms were not disclosed. The deal is expected to close in Q1 2019.

“Magna says Viza adds expertise and a portfolio of products including patented floor-latch systems and foldable seats.”theglobeandmail.com

• 1 source
• theglobeandmail.comMagna buying Spanish auto seat manufacturer Viza GecaThe Canadian PressDec 18, 2018

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