Following the acquisition of OLSA S.p.A., an American automotive backlight technology company, in 2018, Magna also acquired Czech automotive headlamp technology company Wipac Czech to make its automotive lighting business more comprehensive.
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According to foreign media reports, Canadian international auto parts manufacturer Magna has agreed to acquire Wipac Czech s.r.o., a Czech automotive lighting engineering company. This is Magna's second acquisition of a lighting technology company. The transaction is expected to close on November 25 and will increase Magna's global manufacturing capabilities.
Wipac Czech sro's engineering team mainly designs and develops automotive headlights for imported and luxury brands in Europe. The company has more than 40 engineers, including Aston Martin, Bentley, Rolls Royce, McLaren, Lamborghini, Bugatti , Audi, Daimler, BMW and Porsche provide technical services.
John O'Hara, president of Magna's electromechanical equipment, automotive mirrors and lighting division, said: "We see Wipac Czech playing an important role in our growing global lighting business, especially for automotive front-end photos for European car manufacturers. Light business. The lighting business is also a strategic growth business for us, as the level of integration of electronic equipment and sensors is constantly improving, and the trend of making vehicles with differentiated characteristics through styling is becoming more and more obvious.
In 2018, Magna once acquired OLSA SpA, a market leader in the field of automotive rear light technology in the United States. This time, it also acquired Czech lighting company Wipac Czech sro, which allowed Magna to further expand its current influence in North America and share its global presence. 11 lighting manufacturing plants and 3 engineering centers. Magna is now able to design and manufacture advanced automotive front and rear lighting products in major automotive production regions around the world to better serve car manufacturers.