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Linamar signs US$70M deal with Mobex

Summary by Ground News
The assets to be acquired by Linamar Structures include manufacturing operations for propulsion-agnostic chassis and suspension modules. The company says the deal will bolster its position as a supplier of parts that can be used in electric, hybrid and internal combustion vehicles. The deal is subject to customary consents and regulatory approvals and Linamar says it is expected to close in the fourth quarter of 2023.

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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, September 21, 2023.
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