# MAGNA Automotive Europe acquires KLEIN automotive

MAGNA Automotive Europe acquired 100% of KLEIN automotive, a Czech manufacturer of car bodies and automotive components with a plant in Štíty. The transaction was approved by the Czech competition authority.

- Type: Acquisition
- Announced: 2021-12-08
- Where: Štíty, Czechia
- Status: completed
- Products: car bodies, automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Klein Automotive](https://endata.com/companies/59359.md) (target)
- [MAGNA Automotive Europe](https://endata.com/companies/59545.md) (acquirer)
- [K-Invest](https://endata.com/companies/59546.md) (investor)

## Sources

- [havelpartners.com](https://www.havelpartners.com/havel-partners-team-advised-the-owner-of-klein-automotive/), 2021-12-08: "The company, which has so far been owned by Czech owners through the investment fund K-Invest, is now being acquired by the global company MAGNA Automotive Europe."

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