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Linamar Corp T.LNR

Alternate Symbol(s):  LIMAF

Consumer Cyclical Auto Parts
Linamar Corporation is a Canada-based advanced manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. Its segments include Industrial and Mobility. The Industrial segment consists of MacDon, Salford, Bourgault, and Skyjack. MacDon manufactures combined draper headers and self-propelled windrowers for the agricultural harvesting industry. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. The Mobility segment is focused on propulsion systems, structural and chassis systems, energy storage and power generation for both the global electrified and traditionally powered vehicle markets and is subdivided into three regional groups and one global product group: North America, Europe, Asia Pacific, and the newly formed Structures Group. The regional mobility groups are vertically integrated operations combining expertise in light metal casting, forging, machining, and assembly.


TSX:LNR - Post by User

Linamar Corp > Linamar Acquires 3 Battery Enclosures Factories
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Post by Betteryear2on May 30, 2023 10:51pm
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Post# 35471559

Linamar Acquires 3 Battery Enclosures Factories

Linamar Acquires 3 Battery Enclosures FactoriesGUELPH, ON, May 30, 2023 /CNW/ - Linamar Corporation (TSX: LNR) has reached a definitive agreement with Dura-Shiloh, a Middleground Capital portfolio company, to acquire its Battery Enclosures business for a total of $325M USD in all-cash consideration. The deal includes three factory locations in Alabama, US; Czechia; and North Macedonia. It is expected to close during the third quarter of 2023, subject to customary regulatory approval and other closing conditions. All three sites manufacture advanced battery enclosures for Battery Electric Vehicle (BEV) applications. The deal accelerates Linamar's strategy towards a more electrified product portfolio with increased future BEV content potential.   

Linamar Acquires 3 Battery Enclosures Factories Accelerating Electrification Evolution (newswire.ca)
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