Magna aquires ixetic

Magna International Inc. has finalized its acquisition of ixetic Verwaltungs GmbH (ixetic), a manufacturer of automotive vacuum, engine and transmission pumps. The transaction was made through Magna’s Powertrain operating unit.
With the acquisition, Magna Powertrain continues to execute its strategy to solidify and improve its market position in the field of vacuum and transmission oil pumps, and enhances its footprint both in Europe and globally.
“The ixetic acquisition is a significant milestone for Magna Powertrain and strengthens our position as a leading manufacturer of vacuum and oil pumps,” said President, Magna Powertrain, Jake Hirsch. “These additional technologies complement our current capabilities in the area of on-demand pumps.”

Previous articleStolt Orders 5 Stainless Steel Parcel Tankers
Next articleFoster Wheeler acquires Canadian engineering compa
Stainless Steel World Americas is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.