Magna buys remaining 50% stake in STT Technologies oil pump business

Magna International, through a wholly owned subsidiary in a joint venture, agreed to purchase the remaining 50 per cent interest in STT Technologies, a North American supplier of transmission and engine oil pumps.

“The acquisition of STT Technologies is a separate transaction entered into by Magna through a wholly owned subsidiary in a joint venture to purchase STT's remaining 50 per cent interest.”businesschief.com

• 1 source
• businesschief.comMagna Acquisitions Build Automotive Pump Market Share | Business ChiefMay 19, 2020

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