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Magna plans to buy automotive electronics specialist Telemotive

2016-04-26T14:26:13Z

Magna wants to gain electronics expertise through its Telemotive acquisition (Photo: Telemotive)Magna International has signed a purchase agreement to buy Germany's Telemotive, an engineering service provider in the field of automotive electronics. The acquisition aims to bolster the Canadian automotive supplier group's expertise in digital technologies.Magna said that, once ...