AURORA, Ont. — Magna International Inc. has signed a deal to buy Italian company OLSA S.p.A., a maker of automotive lighting products, for about $354 million.
The Canadian auto parts company valued the transaction at 230 million euros. Magna says the deal will make the company a global lighting supplier and expand its capability to design, engineer and manufacture headlamps, tail lamps and other lighting products.
Full Article: business.financialpost.com