# Magna to acquire ixetic automotive pump maker for €308M

Magna International announced the acquisition of ixetic Verwaltungs GmbH, a maker of automotive vacuum, engine and transmission pumps with plants in Germany, Bulgaria and China, for about €308 million.

- Type: Acquisition
- Announced: 2020-05-19
- Where: Germany
- Value: $345.0M (308.0M EUR)
- Status: announced
- Products: automotive vacuum pumps, engine pumps, transmission pumps
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (acquirer)
- [ixetic](https://endata.com/companies/6519.md) (target)

## Sources

- [businesschief.com](https://businesschief.com/corporate-finance/magna-acquisitions-build-automotive-pump-market-share-1), 2020-05-19: "Magna's acquisition of ixetic will cost approximately €308 million."

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