Canadian Buys Brazilian Auto Parts Operation

Canadian Buys Brazilian Auto Parts Operation

Brazil M&A Canada

Cosma, a unit of Canada’s Magna International, has agreed to purchase the Brazilian auto parts unit of ThyssenKrupp Automotive Systems, further cementing its presence in LatAm. Officials at Cosma and ThyssenKrupp decline to discuss the transaction amount or its valuation metrics. Cosma is a manufacturer of automotive metal body structures, as well as other components and parts for vehicle chassis. ThyssenKrupp’s four Brazilian production plants generated sales of approximately $250m in

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