# Rico Auto Industries to acquire Magna Powertrain joint venture

Rico Auto Industries Ltd. and its subsidiary Rasa Autocom Ltd. will acquire the equity shares in the 50:50 joint venture Magna Powertrain GMBH, making it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2019-02-12
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna Powertrain](https://endata.com/companies/18015.md) (target)
- [Rico Auto Industries](https://endata.com/companies/33572.md) (acquirer)
- [Rasa Autocom](https://endata.com/companies/37265.md) (acquirer)

## Sources

- [insights.dsij.in](https://insights.dsij.in/dsijarticledetail/rico-auto-announces-acquisition-and-interim-dividend-6024), 2019-02-12: "Rico Auto Industries Ltd. (RAIL) and its step-down subsidiary, Rasa Autocom Ltd. (RAL) are set to acquire the equity shares in the 50:50 joint venture (JV) company named Magna Powertrain GMBH."

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