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Magna International Inc.

11:07 AM EST - Magna International Inc. : Has agreed to acquire Wipac Czech s.r.o., a premium automotive lighting engineering firm located in Ostrava, Czech Republic. The transaction – Magna’s second lighting acquisition in as many years – is expected to close the week of November 25 and will expand Magna’s engineering capabilities globally. Wipac Czech s.r.o.’s engineering team designs and develops automotive forward lighting, primarily for European exotic and luxury brands. With more than 40 engineers on staff, the company has significant technical competencies having served premium customers including Aston Martin, Bentley, Rolls Royce, McLaren, Lamborghini, Bugatti, Audi, Daimler, BMW and Porsche. Magna International Inc. shares T.MG are trading down $1.07 at $72.63.