# 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.

- Type: Acquisition
- Announced: 2023-09-21
- Where: United States
- Value: $70.0M
- Status: announced
- Products: chassis and suspension modules, steering knuckles, control arms, subframes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Linamar](https://endata.com/companies/2609.md)
- [Linamar](https://endata.com/companies/2609.md) (acquirer)
- [Mobex](https://endata.com/companies/72771.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/linamar-to-acquire-propulsion-agnostic-business-from-mobex-895260110.html), 2023-09-21: "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](https://www.newswire.ca/news-releases/linamar-to-acquire-propulsion-agnostic-business-from-mobex-895260110.html), 2023-09-21: "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."

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