Magna Announces Divestiture of Its Global Fluid Pressure & Controls Business

Author's Avatar
Sep 20, 2018
Article's Main Image

Magna electronic water pump

7f967df5-8bfc-4eb5-bf3f-a6860487cd54?size=2
Magna has agreed to sell its global Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems. Magna’s global FP&C business specializes in mechanical and electronic pumps, electronic cooling fans, and other components.