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Linamar to acquire propulsion-agnostic business from Mobex for $70M · Endata

◂ Announcements

Sep 21, 2023ACQUISITIONUnited States

Linamar to acquire propulsion-agnostic business from Mobex for $70M

Linamar Corporation's subsidiary Linamar Structures USA reached a definitive agreement to acquire a substantial portion of Mobex's US-based assets for $70 million USD cash. The assets include manufacturing operations for chassis and suspension modules and components.

Value

$70.0M

Status

Announced

Productschassis and suspension modulessteering knucklescontrol armssubframes

CompaniesLinamar Linamar acquirer Mobex target

Sectors#Automotive Components

“We are very pleased to announce this acquisition, the latest step in building our revenue profile for non-ICE dependent products in alignment with our overall Mobility Structures and Chassis strategy.”newswire.ca

2 sources
newswire.caLinamar to Acquire Propulsion-Agnostic Business from MobexLinamar CorporationSep 21, 2023
newswire.caLinamar to Acquire Propulsion-Agnostic Business from MobexLinamar CorporationSep 21, 2023

Summarized from public sources; check the original articles before acting on it.

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