BRIEF-Magna to acquire Telemotive AG

Mon Apr 25, 2016 11:27am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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: