News Release - Magna Acquires VIZA Geca to Bolster Its Seating Capabilities
- VIZA brings additional seating structures expertise and increases our vertical integration capabilities in seating
- Acquisition supports growth opportunities, strengthens competitive position
- Magna to add four facilities and more than 1,100 employees
VIZA, with current customers including
"We have been strategic and deliberate in growing our seating business, especially with our structural products, which require higher levels of capital investment," said
Once the deal is approved, Magna will add VIZA's two facilities in
Magna's seating business, recognized by automakers and end consumers for its innovation and quality, includes six R&D centers and 50 manufacturing operations around the globe.
Automotive seating, automotive seat systems, Magna seating
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We have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 89 product development, engineering and sales centres in 27 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the
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