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THE INVESTOR
October 22, 2018
Big Reunion

Market Now

Hanon Systems acquires Magna’s FP&C biz at US$1.2b

  • PUBLISHED :September 21, 2018 - 09:35
  • UPDATED :September 21, 2018 - 10:31
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[DISCLOSURE] Hanon Systems (018880) announced on Sept. 20 that it has decided to take over fluid pressure and controls sector of Canada’s Magna International at US$1.23 billion to expand businesses and to create synergy with existing business. 

The due date for the takeover is March 4, 2019.

By Hwang You-mee (glamazon@heraldcorp.com)

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