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  • Magna_electronics
    Article

    Magna snaps up Telemotive to expand into electronics

    2016-05-03T15:06:34Z

    Tier supplier Magna International is to buy Telemotive, a supplier of automotive electronics equipment and services, for an undisclosed sum. Subject to regulatory approval, the deal is expected to close in the second quarter of 2016 and will allow Magna to integrate Telemotive’s five German facilities into its vehicle engineering ...