# Fiat Chrysler to sell Magneti Marelli to Calsonic Kansei for €6.2bn

Fiat Chrysler will sell its components subsidiary Magneti Marelli to Calsonic Kansei's CK Holdings for €6.2bn. The combined business will be renamed Magneti Marelli CK Holdings.

- Type: Acquisition
- Announced: 2020-05-19
- 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)
- [Magneti Marelli](https://endata.com/companies/21832.md) (target)
- [CK Holdings](https://endata.com/companies/30549.md) (acquirer)

## Sources

- [businesschief.eu](https://businesschief.eu/corporate-finance/fiat-chrysler-sell-magneti-marelli-calsonic-kansei-euro62bn), 2020-05-19: "Having carefully examined a range of options to enable Magneti Marelli to express its full potential in the next phase of its development, this combination with Calsonic Kansei has emerged as an ideal opportunity to accelerate Magneti Marelli’s future growth for the benefit of its customers and its "

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