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Magna International Inc's Magna Powertrain Finalizes Ixetic Acquisition

Friday, 30 Nov 2012 08:45am EST 

Magna International Inc announced that its Magna Powertrain operating unit has completed the transaction to acquire ixetic Verwaltungs GmbH (ixetic), a manufacturer of automotive vacuum, engine and transmission pumps. The purchase price payable for 100% of the outstanding shares of ixetic, on a cash- and debt-free basis, was approximately E308 million. 

Company Quote

1.96 +2.07%
24 Oct 2014