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
-
Volvo: Much Ado About Not Much
Every Volvo launched from 2019 on will have an electric motor.
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
Magna Advances Seating Configurations
Magna International is focusing on electrification, autonomy and smart mobility. This is taking the form of things ranging from an electrified system for rear axles (eDrive 1.0) to a collaborative arrangement with Lyft, which includes the co-development and manufacture of self-driving systems.