Magna International Inc.’s Magna Seating operating unit has acquired the assets and business of Vogelsitze GmbH in Karlsruhe-Stupferich, Germany, a company that specializes in the development and production of seats for the bus and light train industries. Sales for 2011 are expected to be about EUR19 million. The acquisition expands Magna Seating’s global footprint, strengthens its position in the German market, and enhances its product portfolio. Vogelsitze’s current production customers include MAN, Mercedes-Benz, Volvo, Bombardier, VDL, and GAZ. The company also has licensed a number of its patents to other bus seat manufacturers worldwide. No additional details regarding the transaction are being disclosed.
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Magna Seating expands into bus, light train sectors17-Jan-2012 13:25 GMT
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