Linamar to acquire the propulsion-agnostic business of Mobex for $70m.

Linamar, a manufacturing company serving the mobility, access, agriculture, and MedTech industries, agreed to acquire the propulsion-agnostic business of Mobex, a supplier of automotive components, for $70m. "We are very pleased to announce this acquisition, the latest step in building our revenue profile for non-ICE dependent products in alignment with our overall Mobility Structures and Chassis strategy. The addition of the sales from this business takes our EV and propulsion-agnostic business to nearly 60% of our total Mobility sales in just a couple of years, a great way for us to stay flexible in a shifting marketplace," Linda Hasenfratz, Executive Chair and CEO.