Linamar Corporation (TSX:LNR) has reached a definitive agreement to acquire Propulsion-Agnostic Business of Mobex Global for $70 million on September 21, 2023. The transaction is expected to be accretive soon after acquisition. The transaction is subject to customary consents and regulatory approvals and is expected to close in mid-Q4 2023. Jefferies Financial Group Inc. acted as financial advisor to Mobex Global.

Linamar Corporation (TSX:LNR) completed the acquisition of Propulsion-Agnostic Business of Mobex Global for $64 million on November 1, 2023. Gary Volman, Russell J. Sanders, Jill P. Fraser and Donald B. Johnston of Aird & Berlis LLP acted as legal advisors for Linamar.