Mexican Media Brands
Calsonic, Magneti Marelli Merger Yields New Name
Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.
#electronics
Share
Marelli is the new name of the automotive partsmaking entity created by this month’s merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.
Both companies are held by CK Holdings Co. Ltd., which is owned by New York City-based private equity firm KKR & Co. The €5.8 billion ($6.5 billion) sale of Magneti Marelli to CK was finalized earlier this month.
The companies say they opted for Marelli as their name because it is more widely recognized than Calsonic, a well-known brand primarily in Asia and Japan.
The combined companies employ 62,000 people at 170 facilities and research centers in Europe, the Americas and Asia Pacific. The company is headed by Calsonic CEO Beda Bolzenius and will be operated through co-headquarters in Saitama, Japan, and Corbetta, Italy.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
