# Mutares signs agreement to acquire Magna's gearbox plant in Bordeaux

Mutares has signed an agreement to acquire Magna's plant in Bordeaux, France, which manufactures manual transmissions, with revenues of approximately EUR 200 million.

- Type: Acquisition
- Announced: 2022-12-22
- Where: Bordeaux, France
- Jobs: 740
- Status: announced
- Products: manual transmissions, gearboxes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (target)
- [Mutares](https://endata.com/companies/6466.md) (acquirer)

## Sources

- [mutares.com](https://mutares.com/en/mutares-has-signed-an-agreement-to-acquire-a-plant-of-an-automotive-supplier-in-bordeaux/), 2022-12-22: "Mutares SE & Co. KGaA has signed the Sale and Purchase Agreement for the acquisition of Magna’s facility in Bordeaux, France, after signing a put option in September 2022 and after the finalization of the works council consultation."

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