Guelph, Ont.-based firm expects sales to "nearly double" in next four years
GUELPH, Ont.—Canadian manufacturing giant Linamar Corp. says it has completed the acquisitions of a German engine component maker.
According to Linamar, it closed the deal with German firms Muhr und Bender KG and Mubea Motorkomponenten GmbH to buy the latter’s camshaft manufacturing and distributing unit.
“The acquisition of the Mubea assembled camshaft business adds leading-edge lightweight and fuel efficient hydroformed and assembled camshaft technology to our existing technology portfolio on camshafts,” Linamar CEO Linda Hasenfratz said in an announcement of the deal.
“Additionally, their capabilities on hot forging production will provide a significant enhancement to our machining and assembly operations, globally.”
The deal includes three facilities in Hildburghausen, Thale and Thale-Warnstedt, Germany.
Together they employ 110 people and had close to $25-million in sales.
Linamar expects sales to “nearly double” in the next four years.
Financial terms of the deal were not disclosed.