Joint News Release - Magna and Altran Form Joint Venture in Morocco to Create Engineering Center
- Joint venture to support Morocco's growing export production
- Approximately 500 engineers to initially staff the joint venture
- Initial engineering activities with European automakers for global markets
Magna's complete vehicle engineering and manufacturing group and Altran, a global leader in engineering and R&D services, each hold 50 percent of the joint-venture company.
The joint venture – located in
"Magna is able to further strengthen its competitive position by offering world-class engineering services in
"Altran is thrilled to be moving forward with Magna to offer end-to-end development capabilities for the automotive industry, including design, manufacturing and system development, thus covering the complete value chain," said
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We have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 339 manufacturing operations and 89 product development, engineering and sales centers in 28 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
Altran ranks as the undisputed global leader in Engineering and R&D services (ER&D), following its acquisition of Aricent. The company offers clients an unmatched value proposition to address their transformation and innovation needs. Altran works alongside its clients, from initial concept through industrialization, to invent the products and services of tomorrow. For over 30 years, the company has provided expertise in aerospace, automotive, defense, energy, finance, life sciences, railway and telecommunications. The Aricent acquisition extends this leadership to semiconductors, digital experience and design innovation. Combined, Altran and Aricent generated revenues of €2.9 billion in 2017, with some 45,000 employees in more than 30 countries. www.altran.com
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