# 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.

- Type: Acquisition
- Announced: 2024-05-15
- Where: Germany
- Value: $35.7M (33.0M EUR)
- Status: announced
- Products: electronic systems, smart manufacturing systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Magna International](https://endata.com/companies/2534.md) (acquirer)
- [HE System Electronic GmbH & Co. KG](https://endata.com/companies/77426.md) (target)
- [TKH Technologie Deutschland AG](https://endata.com/companies/77427.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/MAGNA-INTERNATIONAL-INC-1410786/news/Magna-International-Inc-TSX-MG-agreed-to-acquire-He-System-Electronic-GmbH-Co-KG-from-TKH-Tech-46832027/), 2024-05-14: "Magna International Inc. (TSX:MG) agreed to acquire He System Electronic GmbH & Co. KG from TKH Technologie Deutschland AG."

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