Magna acquires Haptronik
Magna announced that it has signed a deal to acquire Haptronik GmbH, a technology company that specializes in software to control the motion of mechatronic products. Based in Dresden, Germany, the company develops algorithms that enhance motion control and the touch and feel of power systems such as doors and liftgates.
"This acquisition is about access to the vehicle and the experience we want people to have—both today and in the future, as the new mobility ecosystem continues to evolve," said John O'Hara, President of Mechatronics, Mirrors and Lighting. "The Haptronik team are experts in this field and will help Magna further strengthen our position as the go-to supplier for mechatronics products."
Pending standard closing conditions, the deal is expected to be finalized in the first quarter of 2019.