Grupo Antolin completes the acquisition of Magna Interiors to offer the complete interior of the car
Burgos, August 31, 2015. Grupo Antolin, after obtaining the approval of the competition authorities, has today completed the acquisition of the interiors business of Magna International (except in China where the operation is pending authorization by local administrations). With this operation, Grupo Antolin becomes one of the largest players in the car interiors market and strengthens its robust global growth platform.
After the agreement, Magna’s interiors business becomes part of the structure of Grupo Antolin as a new business unit named Cockpits and Interior Trim, which will join the existing ones: Overhead Systems, Doors, Seating and Lighting.
The new division will be headquartered in Allershausen near the city of Munich, which will become one of the main centers for the company from which all the industrial activity of the new business unit will be coordinated.