Mutares has completed the acquisition of Magna’s Car Top Systems Business
- Specialist in roof and aerodynamic kinematic systems with decades of engineering expertise, global customer relationships and operational excellence
- Acquisition establishes Car Top Systems (CTS) as an independent global automotive supplier
- Revenues of approximately EUR 75 million
Munich, August 5, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Car Top Systems (CTS) Business from Magna (NYSE: MGA; TSX: MG). The transaction establishes CTS as an independent automotive supplier with a clear focus on engineering excellence, operational performance and long-term customer partnerships, while strategically complementing and strengthening the HILO Group within Mutares’ Automotive & Mobility segment.
CTS is a leading specialist in roof and aerodynamic kinematic systems for the automotive industry. Starting in 1996 as a joint venture between Mercedes-Benz AG and Porsche AG, CTS has 30 years of experience as a roof specialist. Headquartered in Bietigheim-Bissingen and with locations in Germany, Poland, China, Mexico and Japan, the company serves a broad range of leading global automotive manufacturers in the sports car, luxury, premium and high-volume segments. The company is recognized for its expertise in highly engineered kinematic systems, particularly convertible tops, sliding/folding roofs and spoilers, and generates revenues of approximately EUR 75 million.
The acquisition creates a highly complementary product portfolio within the HILO platform. While the HILO Group focuses on durable and high-quality hinges, locking systems and essential components, standalone CTS contributes deep expertise in complex roof architectures, soft-top mechanisms and related engineering solutions. Together, the combined platform is positioned to offer OEMs integrated roof and exterior system solutions from a single industrial group.