- Acquisition to strengthen engineering and electronics competencies
- Will increase Magna’s forward lighting engineering capability in Europe
- A complement to the 2018 acquisition of OLSA S.p.A.
Magna has agreed to acquire Wipac Czech s.r.o., a premium automotive lighting engineering firm located in Ostrava, Czech Republic. The transaction – Magna’s second lighting acquisition in as many years – is expected to close the week of November 25 and will expand Magna’s engineering capabilities globally.
Wipac Czech s.r.o.’s engineering team designs and develops automotive forward lighting, primarily for European exotic and luxury brands. With more than 40 engineers on staff, the company has significant technical competencies having served premium customers including Aston Martin, Bentley, Rolls Royce, McLaren, Lamborghini, Bugatti, Audi, Daimler, BMW and Porsche.
With the 2018 acquisition of OLSA S.p.A., a market leader in rear lighting technology, and now Wipac Czech s.r.o., Magna has added to its existing N.A. footprint and has a total of 11 lighting manufacturing facilities and three engineering centers globally. The company has the capability to design, engineer and manufacture advanced forward and rear lighting products in its key auto production regions around the world.