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Magna International, a mobility company and one of the world’s largest automotive suppliers, completed the acquisition of HE System Electronic, a developer and producer of electronic modules, sensors, and power electronics, from TKH, a technology company focused on advanced innovative technology systems in high-growth markets. Financial terms were not disclosed. “The divestment of HE System is part of the divestment plan to focus the TKH activities on the core technologies. Over the past years, HE has successfully developed unique power electronic modules, which play an increasingly vital role in the electrification of the automotive industry. With Magna we have found the right environment to support HE in their next phase of growth," Alexander van der Lof, TKH Group CEO.