Acquires assets of bus and light train seating manufacturer
OBERWALTERSDORF, Austria, Jan. 5, 2012 /CNW/ - Magna International Inc.
announced today that its Magna Seating operating unit acquired the
assets and business of Vogelsitze GmbH in Karlsruhe-Stupferich,
Germany. Vogelsitze specializes in the development and production of
seats for the bus and light train industries. Sales for 2011 are
expected to be approximately €19 million. The acquisition expands Magna
Seating's global footprint, strengthens its position in the German
market and enhances its product portfolio.
Vogelsitze operates from a leased facility in Karlsruhe-Stupferich,
Germany. Current production customers include MAN, Mercedes-Benz,
Volvo, Bombardier, VDL and GAZ. In addition, Vogelsitze has licensed a
number of its patents to other bus seat manufacturers worldwide.
"This acquisition provides us an opportunity to grow our business in the
public/commercial transportation area," said Mike Bisson, President of
Magna Seating. "Our world-class manufacturing expertise combined with
an expanded footprint in Germany provides us with the ability to
immediately support customers in this market."
No additional details regarding the transaction are being disclosed.
About Magna Seating
Magna Seating (www.magnaseating.com), an operating group of Magna International Inc., is an innovative
leader in the development and manufacture of high-quality complete
seating systems, seat structure and mechanism solutions, and foam &
trim products for the global automotive industry. Our capabilities
range from consumer and market research, full concept development,
design and engineering, and testing and validation to world-class
manufacturing of seating components and complete seat assemblies.
About Magna International
Magna is the most diversified global automotive supplier. Magna designs,
develops and manufactures technologically advanced automotive systems,
assemblies, modules and components, and engineers and assembles
complete vehicles, primarily for sale to original equipment
manufacturers ("OEMs") of cars and light trucks. Magna's capabilities
include the design, engineering, testing and manufacture of automotive
interior systems; seating systems; closure systems; body and chassis
systems; vision systems; electronic systems; exterior systems;
powertrain systems; roof systems; hybrid and electric vehicles/systems;
as well as complete vehicle engineering and assembly.
Magna has approximately 107,000 employees in 275 manufacturing
operations and 85 product development, engineering and sales centres in
26 countries. More information on Magna can be found at www.magna.com.
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SOURCE Magna International Inc.
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