Recently, the global parts and components industry is surging, and news of acquisitions and mergers between suppliers has emerged one after another. A few days ago, Karl-Friedrich Stracke, president of Magnustel Automotive Technology and Engineering, accepted the media interview and revealed that the company is also considering mergers and acquisitions expansion.
“We are very closely watching the M&A market,†said Karl Frederic Struck. “But it must be a merger that can bring us real improvement. It doesn't make sense to buy additional capacity alone. M&A must be Strategically aligns with our business and contributes to our enhanced customer service."
As for the goal of M&A, Karl Frederic Struck pointed out that Magna Steyr 's expansion focuses on areas such as electronics, in-vehicle networks, or new energy power systems. The company has already mastered the integration of these technologies. The overall capabilities of the vehicle, vehicle technology is also a traditional advantage of Magna Steyr.
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