GUELPH, ON, Sept. 29, 2017 /CNW/ - On July 4, 2017, Linamar Corporation (TSX:LNR) announced that a wholly-owned subsidiary of Linamar had filed
conditional offers with the Commercial Court in Paris to acquire selected assets of Societe
Aveyronnaise de Metallurgie S.A. ("SAM") and F.V.M. Technologies S.A. ("FVM") from their respective bankruptcy estates and 100%
of the outstanding shares of Alfisa Technologies, S.L.U. (Alfisa) a Spanish company for a total consideration of approximately
6 million Euros . (These proposed transactions are collectively referred to as the
"Offers" or the "Acquisitions").
As a result of further due diligence and discussion with various interested parties, Linamar is now not in a position to file
final, binding, unconditional Offers and has decided not to pursue these Acquisitions.
Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of highly engineered products powering vehicles,
motion, work and lives. The Company is made up of 2 operating segments – the Powertrain/Driveline segment and the Industrial
segment, which are further divided into 5 operating groups – Machining & Assembly, Light Metal Casting, Forging, Skyjack and
Agriculture, all world leaders in the design, development and production of highly engineered products. The Company's
Machining & Assembly, Light Metal Casting and Forging operating groups focus on precision metallic components, modules and
systems for engine, transmission, driveline and body systems designed for global vehicle and industrial markets. The
Company's Skyjack and Agriculture operating groups are noted for their innovative, high quality mobile industrial equipment,
notably its class-leading aerial work platforms, telehandlers and agricultural equipment. With more than 25,600 employees
in 59 manufacturing locations, 6 R&D centers and 21 sales offices in 17 countries in North and South America, Europe and Asia, Linamar
generated sales of $6.0 billion in 2016. For more information about Linamar Corporation and
its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.
Forward Looking Information, Risk and Uncertainties
Certain information provided by Linamar in this press release, MD&A, the consolidated financial statements and other
documents published throughout the year which are not recitation of historical facts may constitute forward-looking statements.
The words "may", "would", "could", "will", "likely", "estimate", "believe", "expect", "plan", "forecast" and similar expressions
are intended to identify forward-looking statements. Readers are cautioned that such statements are only predictions and the
actual events or results may differ materially. In evaluating such forward-looking statements, readers should specifically
consider the various factors that could cause actual events or results to differ materially from those indicated by such
forward-looking statements.
Such forward-looking information may involve important risks and uncertainties that could materially alter results in the
future from those expressed or implied in any forward-looking statements made by, or on behalf of, Linamar. Some of the factors
and risks and uncertainties that cause results to differ from current expectations include, but are not limited to, changes in
the competitive environment in which Linamar operates, OEM outsourcing and insourcing; sources and availability of raw materials;
labour markets and dependence on key personnel; dependence on certain customers and product programs; technological change in the
sectors in which the Company operates and by Linamar's competitors; delays in or operational issues with product launches;
foreign currency risk; long-term contracts that are not guaranteed; acquisition and expansion risk; foreign business risk;
cyclicality and seasonality; capital and liquidity risk; legal proceedings and insurance coverage; credit risk; emission
standards; tax laws; securities laws compliance and corporate governance standards; fluctuations in interest rates; environmental
emissions and safety regulations; trade and labour disruptions; world political events; pricing concessions to customers; and
governmental, environmental and regulatory policies.
The foregoing is not an exhaustive list of the factors that may affect Linamar's forwarding looking statements. These and
other factors should be considered carefully and readers should not place undue reliance on Linamar's forward-looking statements.
Linamar assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ
from those reflected in the forward-looking statements.
SOURCE Linamar Corporation
View original content: http://www.newswire.ca/en/releases/archive/September2017/29/c8979.html