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The assets to be acquired by Linamar Structures include manufacturing operations for propulsion-agnostic chassis and suspension modules and components, such as steering knuckles, control arms and subframes. 

Linamar says the Mobex facilities will be integrated into its growing structures group.

The company says the deal will bolster its position as a supplier of parts that can be used in electric, hybrid and internal combustion-powered vehicles.

The deal is subject to customary consents and regulatory approvals and Linamar says it is expected to close in the fourth quarter of 2023.

The company says the transaction is expected to be accretive soon after acquisition.

This report by The Canadian Press was first published Sept. 21, 2023.

Companies in this story: (TSX:LNR)

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The Canadian Press

The Canadian Press

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The Canadian Press is a national wire service that provides real-time stories for more than 600 media companies.

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