Magna Acquires European Aluminum Castings Operations

Cosma International, an operating unit of Magna International Inc. has signed an agreement with the shareholders of the BDW technologies group, pursuant to which Cosma will acquire BDW's four operations. BDW is an industry leader in vacuum high-pressure aluminum die casting and expects full-year 2011 total sales of approximately €160 million.

On completion of the transaction, Cosma will acquire two operations in Germany, one in Poland and one in Hungary. BDW's current production customers include Volkswagen, Audi, Porsche, Mercedes-Benz, Ferrari, ZF and others. This acquisition expands Cosma's ability to deliver lightweight solutions for complex body-in-white structural and chassis components in steel, aluminum or aluminum-steel hybrid to customers around the world.