Magna acquires German seat-maker
Vogelsitze is a manufacturer of seats for buses and light trains with clients include Mercedes-Benz and Bombardier
January 5, 2012
by The Canadian Press
AURORA, Ont.—Magna International Inc. has acquired Vogelsitze GmbH, a German manufacturer of seats for buses and light trains.
The purchase price has not been disclosed.
Vogelsitze current production customers include MAN, Mercedes-Benz, Volvo, Bombardier, VDL and GAZ.
The firm also has licenses a number of its patents to other bus seat manufacturers worldwide.
The company’s sales for 2011 are expected to be about $25 million.
