According to PR News, Magna International recently announced that its Magna seating business unit has acquired Germany's Vogelsitze. Mike Bisson, President of Magna's Seating Business Unit, said: "The acquisition of Vogelsitze will help us expand our product lineup, expand into commercial vehicles and public transportation systems, and further consolidate and expand our position in the German market."
Vogelsitze manufactures seats for passenger cars and trains. It has a number of patents on passenger seat technology. Its current major customers include MAN, Mercedes-Benz, Volvo, VDL, and GAZ. Sales in 2011 were approximately 1.9 million euros (243%). Ten thousand U.S. dollars).
Magna is the third largest automotive parts supplier in North America and one of the top 500 global companies. The company has 263 factories, 84 engineering and sales R&D centers worldwide. Magna has a strong product range including interior systems, seat systems, locking systems, metal body and chassis systems, mirror systems, electronic systems, plastic bodywork, exterior lighting systems, power and drive systems, and canopies. System, vehicle and vehicle engineering and OEM manufacturing.
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