Linamar to acquire German camshaft business
Mubea has developed highly efficient camshaft hydroforming technology.
GUELPH, Ont. — Auto parts maker Linamar plans to buy camshaft manufacturing and distribution business in Germany.
No pricetag was disclosed for the deal with Mubea, a global automotive supplier for springs and other products.
The business will operate out of three locations in Germany, employing about 110 people.
“Mubea has done an excellent job of developing very high quality and highly efficient camshaft hydroforming technologies which we feel will allow us to further penetrate this exciting global market,” said Linamar CEO Linda Hasenfratz.
“In addition, their capabilities in hot forging production will provide a significant enhancement to our machining and assembly operations globally.”
The deal is subject to further due diligence and regulatory approval.
© 2013 The Canadian Press