Magna Buys Olsa and Expands Lighting Business

Canadian automotive components supplier, Magna, announced that the company has signed a deal to buy Olsa S.p.A, an Italian automotive lighting producer for approximately 230 million euros. The acquisition will extend Magna’s capability of producing lighting product from designing to manufacturing.

Based in Turin, Italy, OLSA has been established for more than 70 years with production forces in Italy, Poland, Brazil, China, and Mexico. The company supplies lighting products for automobile manufacturers; their main clients are German companies such as Volkswagen Group, BMW, GM, and Mercedes.

By acquiring Olsa, Magna will have a total of 11 lighting production facilities and two engineering centers. John O’hara, President of Magna Lighting said, “OLSA brings Magna advanced technology that will enhance our portfolio of distinctive, feature-rich lighting products. Lighting represents a growth area for Magna due to increasing levels of electronics integration and a desire for automakers to differentiate their vehicles through styling."


(Image: Magna)

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Some homeowners, commercial systems managers and outdoor lighting management companies have looked warily at smart lighting, in light of its being seen as a major departure from what was required for lighting control in the past. They need not... READ MORE

For the LED driver product line, wide AC voltage input range (180 ~ 528VAC) HVGC family, MEAN WELL now launches HVGC-650 series to offer more choices of high power products.

READ MORE