Magna International Inc. (NYSE:MGA) announced that its seating unit has acquired the assets and business of Vogelsitze GmbH in Karlsruhe-Stupferich, Germany. Vogelsitze is a manufacturer of seats for the bus and light train industries. In 2011, Vogelsitze’s sales are expected to be €19 million ($24.5 million).
The acquisition will strengthen Magna’s position in the German market and enhance its product portfolio. It will also help the company win Vogelsitze’s existing customers, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards