CANADA: Magna expands in South America
Author: Graeme Roberts | 7 December 2011
Magna International's Cosma International operating unit has closed a deal with ThyssenKrupp Automotive Systems to acquire ThyssenKrupp Automotive Systems Industrial do Brasil Ltda. (TKASB) which produces and assembles chassis structural components and modules for several Brazilian automotive customers from four plants, and had sales of approximately US$250m in its fiscal year ended 30 September, 2011.
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