Calsonic Kansei €5.8 billion acquisition of Magneti Marelli

15/5/2019
Private acquisition

€ 5.8 billion

$ 6.474 billion

Completed

15/5/2019


Overview:

  • Japanese automotive company Calsonic Kansei has completed the acquisition of Magneti Marelli, producer of automotive components, from the world's eighth largest auto maker Fiat Chrysler Automobiles.
  • The acquisition was announced in 2018 at a price of €6.2 billion but closed at €5.8 billion due to Magneti Marelli's estimated financial position as of the closing date.
  • The combined entity - Magneti Marelli CK Holdings - is the world's seventh largest global independent automotive supplier based on total revenues.
  • Despite the sale, the two parties will maintain close relation as Magneti Marelli will continue to be a key supplier to Fiat Chrysler Automobiles.

Rajeeb Gurung - Researcher

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