Samsung SDI to buy EV battery pack business from Magna  [ Austria ]

Samsung SDI Co. Ltd. will acquire the entire battery pack business from Magna Steyr, an Austria-based operating unit of Magna International, including all 264 employees, production and development sites and existing contracts of the business. The acquisition is expected to enhance Samsung SDI's capabilities in batteries for electric vehicles. The transaction is expected to be completed during t...
<Feb 23, 2015>