Magna Electronics has acquired the electric car systems group BluWav Systems. Financial terms of the deal were not disclosed.

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BluWav is a developer and supplier of electric and energy-management systems for hybrid electric vehicles, plug-in hybrid vehicles and battery electric vehicles. The business is located in Rochester Hills, Michigan.


Magna Electronics, which is an operating unit of Magna International, said that the acquisition will enhance its position in developing and supplying components and systems to the emerging automotive market for electric and hybrid vehicles.


“BluWav provides technical leadership in multiple product areas for Magna Electronics as well as our other operating units,” said Carlos Mazzorin, president of Magna Electronics. “In addition, this acquisition will allow Magna to bring innovative electric/hybrid-vehicle systems to market faster, while simultaneously developing the next-generation systems for tomorrow’s hybrid and electric vehicles.”


“As a leader in advanced electric propulsion and energy-management systems, we look forward to joining the Magna family and contributing a competitive edge in advanced systems for hybrid and electric vehicles,” said Kevin Pavlov, president and CEO of BluWav Systems.

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Magna also said yesterday (23 October) that the development of an electric hybrid car is on schedule for 2010.


“It’s on track,” Robertson said in an interview with Reuters, referring to the company’s electric car strategy. “It’s almost like 100 years ago in the auto industry where whole new systems for the vehicle are being developed.”


Magna, a Canadian auto parts supplier, is looking to partner with an auto manufacturer to produce the vehicle.

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