{"id":28956,"date":"2023-03-01T17:45:43","date_gmt":"2023-03-01T16:45:43","guid":{"rendered":"https:\/\/mutares.de\/?p=28956"},"modified":"2023-03-01T17:46:52","modified_gmt":"2023-03-01T16:46:52","slug":"mutares-has-successfully-completed-the-acquisition-of-a-plant-of-automotive-supplier-magna-in-bordeaux","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-successfully-completed-the-acquisition-of-a-plant-of-automotive-supplier-magna-in-bordeaux\/","title":{"rendered":"Mutares has successfully completed the acquisition of a plant of automotive supplier Magna in Bordeaux"},"content":{"rendered":"<ul>\n<li>New platform acquisition to strengthen the Automotive &amp; Mobility segment<\/li>\n<li>Manufacturer with a long tradition in the production of high-quality gearboxes<\/li>\n<li>Revenues of approx. EUR 200 million<\/li>\n<\/ul>\n<p><strong>Munich, 1 March 2023 \u2013 <\/strong>Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Magna\u2019s facility in Bordeaux. The facility manufactures and assembles full transmissions for the automotive industry.<\/p>\n<p>The plant in Bordeaux, France, has a long tradition of producing premium transmissions for the automotive industry and brings extensive capabilities and expertise in machining and assembly. It produces full gear sets for hybrid, gasoline and diesel vehicle applications and generated revenues of approximately EUR 200 million in 2022 with around 740 employees. The plant provides significant operational and strategic optimization potential, including synergy effects with the metal activities of Mutares\u2019 Automotive &amp; Mobility segment which includes CIMOS, PrimoTECS Group, KICO and ISH Group.<\/p>\n<p>Following the acquisition of three plants of Magna in Germany in July 2021, operating under the new name LMS, this acquisition underlines Mutares&#8217; competence, trustworthiness, and reliability under the best new owner principle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New platform acquisition to strengthen the Automotive &amp; Mobility segment Manufacturer with a long tradition in the production of high-quality gearboxes Revenues of approx. EUR 200 million Munich, 1 March 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Magna\u2019s facility in Bordeaux. The facility manufactures and assembles full [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-28956","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares has successfully completed the acquisition of a plant of automotive supplier Magna in Bordeaux - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-has-successfully-completed-the-acquisition-of-a-plant-of-automotive-supplier-magna-in-bordeaux\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has successfully completed the acquisition of a plant of automotive supplier Magna in Bordeaux\" \/>\n<meta property=\"og:description\" content=\"New platform acquisition to strengthen the Automotive &amp; Mobility segment Manufacturer with a long tradition in the production of high-quality gearboxes Revenues of approx. EUR 200 million Munich, 1 March 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Magna\u2019s facility in Bordeaux. The facility manufactures and assembles full [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-has-successfully-completed-the-acquisition-of-a-plant-of-automotive-supplier-magna-in-bordeaux\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. 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