BRIEF-Magna to acquire Telemotive AG

Mon Apr 25, 2016 11:27am EDT
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April 25 (Reuters) - Magna International Inc:

* Magna signs agreement to acquire automotive electronics engineering business

* Telemotive, with its five German facilities and approximately 550 employees, will be integrated into co's Magna Steyr unit

* Signed a purchase agreement to acquire Telemotive AG, an engineering service provider in field of automotive electronics Source text for Eikon: Further company coverage: