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Magna International agrees to acquire HE System Electronic · Endata

◂ Announcements

May 15, 2024ACQUISITIONGermany

Magna International agrees to acquire HE System Electronic

Magna International Inc. agreed to acquire HE System Electronic GmbH & Co. KG from TKH Technologie Deutschland AG. The transaction is expected to close at the end of May 2024, with a net cash inflow of approximately EUR 33 million for TKH.

Value

$35.7M (33.0M EUR)

Status

Announced

Productselectronic systemssmart manufacturing systems

CompaniesMagna International acquirer HE System Electronic GmbH & Co. KG target TKH Technologie Deutschland AG partner

Sectors#Automation and Robotics #Semiconductors and Industrial Electronics

“Magna International Inc. (TSX:MG) agreed to acquire He System Electronic GmbH & Co. KG from TKH Technologie Deutschland AG.”marketscreener.com

1 source
marketscreener.comMagna International Inc. (TSX:MG) agreed to acquire He System Electronic GmbH & Co. KG from TKH Technologie Deutschland AG.MarketScreenerMay 14, 2024

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

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