Brisk market for supplier M&AAug. 15, 2016
Magna's Q1 profit rises on increased vehicle production, Getrag acquisitionMay 5, 2016
Canadian auto supplier Magna International today reported an 8 percent rise in first-quarter profit, helped by higher vehicle production in North America and Europe along with the completion of a major acquisition.
Deal positions Magna to be a major transmission playerJuly 20, 2015
Magna International's $1.9 billion deal to buy German gearbox supplier Getrag gives the giant Canadian company the technology to supply transmissions for small cars to big vans and nearly everything in between.
Magna agrees to buy Getrag for $1.9 billion to expand in transmissionsJuly 16, 2015
Magna near deal to acquire German transmission maker Getrag, report saysJuly 15, 2015
Magna International is nearing an agreement to buy Getrag, one of the largest independent makers of transmissions. A deal could be announced as soon as this week, Bloomberg reported, citing unidentified people familiar with the talks.
Germany's Getrag getting interest from Magna, Dana, China, report saysJune 30, 2015
Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg.