# Mutares completes acquisition of Magna's gearbox plant in Bordeaux

Mutares SE & Co. KGaA has completed the acquisition of Magna's facility in Bordeaux, France, which manufactures and assembles full transmissions for the automotive industry. The plant generated revenues of approximately EUR 200 million in 2022 with around 740 employees.

- Type: Acquisition
- Announced: 2023-03-01
- Where: Bordeaux, France, France
- Jobs: 740
- Status: completed
- Products: full transmissions, gearboxes, gear sets for hybrid, gasoline and diesel vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (target)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)

## Sources

- [lesechos-comfi.lesechos.fr](https://lesechos-comfi.lesechos.fr/press-release/mutares-se-co-kgaa-etr-mutares-se-co-kgaa-mutares-has-successfully-completed-the-acquisition-of-a-plant-of-automotive-supplier-magna-in-bordeaux-VZIKAHoaW2V), 2023-03-01: "Mutares has successfully completed the acquisition of Magna's facility in Bordeaux."

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