July 26, 2017 4:53 AM ET

Auto Components

Company Overview of Magneti Marelli S.p.A.

Company Overview

Magneti Marelli S.p.A. designs and manufactures systems and components for the automotive sector. It offers automotive lighting products, powertrains, electronic systems, suspension systems, exhaust systems, plastic components and modules, and electro-mechanical systems. The company provides aftermarket parts and services. It serves car makers in Europe, North America, South America, and Asia. The company was founded in 1919 and is based in Corbetta, Italy with production units, research and development centers, and application centers in Italy and internationally. Magneti Marelli S.p.A. operates as a subsidiary of Fiat Chrysler Automobiles N.V.

Viale Aldo Borletti, 61/63

Corbetta, MI 20011

Italy

Founded in 1919

Phone:

39 02 97 22 71 11

Fax:

39 02 97 22 73 55

Key Executives for Magneti Marelli S.p.A.

Chief Executive Officer
Age: 54
Chief Financial Officer
Chief Technology Officer and Chief Executive Officer of Infotainment & Telematics
CEO of Suspension Systems and CEO of Plastic Components & Modules
Chief Executive Officer of Motorsport
Compensation as of Fiscal Year 2017.

Magneti Marelli S.p.A. Key Developments

Samsung Electronics Plans To Acquire Magneti Marelli

Samsung Electronics Co., Ltd. (KOSE:A005930) has announced it will takeover Magneti Marelli S.p.A. with the aim of completing the puzzle of the future automotive electronic equipment business.

Magneti Marelli Automotive Lighting and the Carnia Industrial Park Inaugurate a New Production Site for Car Lighting Electronics in Tolmezzo

Magneti Marelli Automotive Lighting and the Carnia Industrial Park inaugurated a new production site for car lighting electronics in Tolmezzo. The new pavilion is located in the Carnia Industrial Park, inside the production complex of Automotive Lighting, one of the world leaders for car lighting. The new area of over 5,000 square metres is dedicated to the production of electronic components for LED lights. The entire Automotive Lighting complex in Tolmezzo employs over 1,100 personnel (approximately 300 added since 2011) and supplies the top-line models of the most important car manufacturers worldwide. The new construction covers an area of over 5,000 square metres of production space, and is located within the Carnia Industrial Park, which created the infrastructure, as part of the Automotive Lighting industrial complex in Tolmezzo, a Magneti Marelli centre of excellence on an international level for rear lighting.

Fiat Chrsyler Denies Sale of Magneti Marelli, Comau

Fiat Chrysler Automobiles N.V. (BIT:FCA) is not planning to sell Magneti Marelli S.p.A. or Comau S.p.A. in the fourth quarter of the year. Chief Executive Officer, Sergio Marchionne said, "I never said these assets were on sale and I never referred to a deal, in particular, with Samsung," he said. "These are internal questions. Talks are continuing," he said.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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