Mexican Media Brands
Magna Buys Sensor, Display Businesses
Canada's Magna International Inc. has acquired the electronic components, head-up display and ultrasonic sensor units of Germany's Philips & Lite-On Digital Solutions Corp.
#electronics
Share
Canada's Magna International Inc. has acquired the electronic components, head-up display and ultrasonic sensor units of Germany's Philips & Lite-On Digital Solutions Corp. Terms were not disclosed.
Magna says the purchases are intended to strengthen its electronics engineering capabilities in Europe.
The deals involve PLDS operations in Wetzlar, Germany and Hsinchu, Taiwan. The two units offer products involving automotive wireless charging, vehicle connectivity, head-up displays and electro-mechanical devices.
RELATED CONTENT
-
Lincoln Corsair Takes Flight
“We wanted to create a dramatic, youthful Lincoln with terrific harmony.” And with the Corsair, they’ve accomplished what they set out to do.
-
Cadillac Super Cruise Explained
Although there is a lot of talk about “autonomy” and “hands-free driving,” when you get right down to it, there is more verbiage than there is reality.
-
Ford Expedition: Bigger, Better
If you’re going to introduce a new full-size SUV, you might as well do it in a place where there are more of them sold than anywhere else, says Joe Hinrichs, Ford president of the Americas.