Mexican Media Brands
Linamar Makes €771 Million Offer for France’s Montupet
Canadian parts supplier Linamar Corp. has agreed to buy French aluminum castings maker Montupet SA for €771 million ($878 million) in cash.
#aluminum
Share
Canadian parts supplier Linamar Corp. has agreed to buy French aluminum castings maker Montupet SA for €771 million ($878 million) in cash. Reuters reported the impending deal earlier this week.
Linamar CEO Linda Hasenfratz notes her company’s expertise in finished machining complements Montupet’s casting capabilities. The offer for the closely held Montupet of $81.78 per share is backed by the company’s board.
Montupet supplies such components as aluminum cylinder heads to Audi, BMW, PSA, Daewoo, Ford, General Motors, Nissan, Renault and Volvo. Linamar, which has grown primarily through acquisitions, makes precision metal powertrain components.
RELATED CONTENT
-
The Devil is in the Details for Lightweighting
The aluminum F-150 increased anxiety levels at GM and FCA, but the Chevy Silverado and Ram 1500 engineering teams responded with mixed materials and detail engineering for their new vehicles.
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
On Propulsion, Security, Sustainability and more
MAHLE sees hybrids continuing, Dodge has software to protect SRT models, Jenson Button is developing vehicles at a race track in Arizona, Audi is using green aluminum, BMW is investing in green steel, Mercedes is reducing its production emissions footprint, Bentley builds its 200,000th, and Sonata N Line impressions