# FCA completes sale of Magneti Marelli to Calsonic Kansei for €5.8 billion

Fiat Chrysler Automobiles completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for €5.8 billion. The combined entity becomes the world's seventh largest independent automotive supplier.

- Type: Acquisition
- Announced: 2019-05-03
- Where: Italy
- Value: $6.50B (5.80B EUR)
- Status: completed
- Products: vehicle parts, service consumables
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [autovista24.autovistagroup.com](https://autovista24.autovistagroup.com/news/magneti-marelli-sale-calsonic-kansei-finalised/), 2019-05-03: "We are delighted that today we formally come together as one company."

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