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Magna buys German bus and train seat firm


Magna International has reported that its Magna Seating unit has bought the assets and business of Vogelsitze, based in Karlsruhe-Stupferich, Germany.
Vogelsitze specialises in the development and production of seats for the bus and light train industries. Sales for 2011 are expected to be about €19m ($24.3m).
Magna said the acquisition “expands Magna Seating’s global footprint, strengthens its position in the German market and enhances its product portfolio”.
Vogelsitze operates from a leased facility in Karlsruhe-Stupferich. Current customers include MAN, Mercedes-Benz, Volvo, Bombardier, VDL and GAZ, Magna said. In addition, Vogelsitze has licensed a number of its patents to other bus-seat manufacturers worldwide, the statement added.
Magna did not reveal financial details of the transaction.


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