The assets to be acquired by Linamar Structures include manufacturing operations for propulsion-agnostic chassis and suspension modules and components, such as steering knuckles, control arms and subframes.
The company says the deal will bolster its position as a supplier of parts that can be used in electric, hybrid and internal combustion-powered vehicles.
The deal is subject to customary consents and regulatory approvals and
The company says the transaction is expected to be accretive soon after acquisition.
This report by The Canadian Press was first published
Companies in this story: (TSX:LNR)
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