Magna acquires electronics business from Philips & Lite-On Digital Solutions  [ Canada ]

Magna International Inc. announced that it has acquired the head-up display and electronic components business units of Philips & Lite-On Digital Solutions (PLDS) in Wetzlar, Germany, as well as PLDS' ultrasonic sensor business in Hsinchu, Taiwan. The transaction is aimed at strengthening Magna's electronics engineering capabilities in Europe. Acquiring these business units furthers the com...