AURORA, Ontario, Dec. 18, 2018 (GLOBE NEWSWIRE) — Delivering future-ready seating solutions that enable added functionality is key as new mobility changes the way consumers use their vehicles. This kind of functionality starts with the seat structure itself. To further enhance Magna’s capabilities in this area, the company signed an agreement to acquire VIZA Geca SL of Spain, which operates four production facilities and had sales of €125 million in 2017. The acquisition is expected to close by the end of the first quarter 2019, pending regulatory approval.
VIZA, with current customers including VW, PSA and Renault Nissan, brings seat-structure expertise and a portfolio of products including patented floor-latch systems and foldable seats. VIZA’s 73 years of expertise will help Magna further develop reconfigurable seating solutions in the new mobility landscape.
Full Article: globenewswire.com