マグナがGetrag買収協定を締結

Magna International Inc.

2015/7/17 11:35

マグナがGetrag買収協定を締結

AsiaNet 61202(0920)

【オーロラ(カナダ・オンタリオ)2015年7月16日PRN=共同通信JBN】マグナ・インターナショナル(Magna International Inc.、TSX: MG, NYSE: MGA)は16日、世界最大の自動車トランスミッション・サプライヤーGetrag Group of Companies(Getrag)を買収する協定に調印した。

Getragはトランスミッションで80年の歴史を誇るテクノロジー・リーダーであり、マニュアル、セミオートマティック、デュアルクラッチ、ハイブリッド、その他高度システムを含む幅広いトランスミッション・システムを提供する。Getragの製品ラインの構成は、現在および将来の自動車パワートレイン構成を十分にサポートできると確信している。特に、Getragは急成長するデュアルクラッチ・トランスミッション市場(DCT)のリーダーであり、この市場は今後10年間に世界で最も成長するセグメントの1つとみられている。

Getragは自社独自のオペレーションに加え、フォード、中国自動車メーカーの江鈴汽車、東風汽車とも重要な合弁事業関係がある。このほかGetragの顧客には、BMW、ダイムラー、ルノー、ボルボ、長城汽車がある。Getragは合弁事業企業を含めて約1万3500人を雇用し、欧州、アジア、北米の9カ国で13カ所の製造拠点、10カ所のエンジニアリング・センターを運営している。Getragの2014年連結売上高は約17億ユーロで、これには非連結合弁事業の16億ユーロの売上高は含まれていない。

マグナのドン・ウォーカー最高経営責任者(CEO)は「当社が現在進めている製品ポートフォリオの精査する中で、われわれはパワートレイン事業の拡大が戦略的優先事項であることを確認した。Getragはこの戦略に見事に合致している。Getragは製品分野のおけるテクノロジー・リーダーであり、車両の燃料効率増進と排気の削減を推進する業界トレンドで恩恵を受けることができると確信している。Getragとの合弁事業関係はまた、世界最大の自動車市場で、DCTが最も急成長する市場である中国で大幅成長の可能性を提供する。最後に、Getragは豊かなパワートレイン・エンジニアリング専門技術を含め、極めて有能で経験豊かな労働力を擁している」と語った。

Getragの全株式買収価格は約17億5000万ユーロ。これは会社価値の約24億5000万ユーロから約7億ユーロと推定される純負債と年金債務を差し引いた額に相当する。買収価格は運転資金およびその他の慣例法による買収価格調整に従う。

取引は2015年末に締結される予定で、すべての必要な規制認可の取得などいくつかの条件を満たさなければならない。

当社は米東部夏時間2015年7月16日午前8時30分から、関心があるアナリスト、株主が買収を精査できる電話会議を開催する。電話会議はドン・ウォーカーCEOが議長を務める。この会議に使用する電話番号は1-800-768-9481である。海外から会議参加する番号は1-416-981-9031である。少なくとも開会10分前に電話をかけてほしい。われわれはウェブサイトwww.magna.com で会議をウェブキャストする。会議で使用するスライド・プレゼンテーション資料は、開会前の7月16日朝に当社のウェブサイトで入手できる。

予定された会議を聞くことができない人のために、再放送を聞くことができる電話番号は、北米向け1-800-558-5253、海外向け1-416-626-4100(予約番号は21772389)であり、これは2015年7月23日まで聞くことが可能である。

より詳しい情報は以下まで問い合わせを。

Vince Galifi

Executive Vice-President and Chief Financial Officer

905-726-7100

Louis Tonelli, Vice-President, Investor Relations

905-726-7035

電話会議に関する問い合わせは以下まで。

Nancy Hansford

905-726-7108

▽マグナについて

当社は世界29カ国に316のマニュファクチャリング事業と87の製品開発、エンジニアリング、販売センターを持つ世界的な大手自動車サプライヤーである。当社には革新的製品・プロセスと世界一流のマニュファクチャリングを通じて、顧客に優れた価値を提供することに専念する約13万3000人の従業員がいる。当社の製造能力にはボディー、シャシー、インテリア、エクステリア、シーティング、パワートレイン、エレクトロニック、ビジョン、クロージャー、ルーフシステム、モジュールがあり、完全なビークルエンジニアリングと委託製造も含まれている。当社普通株はトロント証券取引所(MG)とニューヨーク証券取引所(MGA)で取引されている。マグナに関する詳細はウェブサイトhttp://www.magna.com を参照。

ソース:Magna International Inc.

Magna Enters Into Agreement To Acquire Getrag

PR61202

AURORA, Ontario, July 16, 2015 /PRN=KYODO JBN/ --

Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has

signed an agreement to acquire the Getrag Group of Companies ("Getrag"), one of

the world's largest suppliers of automotive transmissions.  

Getrag has an 80-year history in transmissions and is a technology leader,

offering a range of transmission systems which include manual,

automated-manual, dual-clutch, hybrid and other advanced systems.  We believe

the architecture of Getrag's product line is well-positioned to support current

and future automotive powertrain configurations.  In particular, Getrag is a

leader in the growing market for dual-clutch transmissions ("DCTs"), which is

expected to be one of the highest growth segments globally over the next

decade.        

In addition to its wholly-owned operations, Getrag has significant

joint-venture relationships with Ford, as well as Chinese auto makers Jiangling

and Dongfeng.  Other Getrag customers include BMW, Daimler, Renault, Volvo and

Great Wall.  Including joint-venture locations, Getrag has approximately 13,500

employees and operates 13 manufacturing and 10 engineering centres in nine

countries in Europe, Asia and North America.   Getrag's 2014 consolidated sales

were approximately & EUR1.7 billion, which excludes approximately & EUR1.6 billion in

sales generated in its non-consolidated joint-ventures.

Don Walker, Magna's Chief Executive Officer, commented: "As part of our ongoing

product portfolio review, we have identified the expansion of our powertrain

business as a strategic priority.  Getrag is an excellent fit with this

strategy.  Getrag is a technology leader in a product area that we believe is

well-positioned to benefit from industry trends that are driving increased

vehicle fuel-efficiency and reduced emissions.  Getrag's joint venture

relationships also provide significant growth potential in China, the world's

largest automotive market and the fastest growing market for DCTs.  Lastly,

Getrag has a highly capable and experienced workforce, including deep

powertrain engineering expertise."

The purchase price for 100% of the equity of Getrag is approximately & EUR1.75

billion. This represents an enterprise value of approximately & EUR2.45 billion

less proportionate net debt and proportionate pension liabilities, which

together are estimated to be approximately & EUR700 million at closing.  The

purchase price is subject to working capital and other customary purchase price

adjustments.  

The transaction is expected to close near the end of 2015, subject to a number

of conditions including obtaining all necessary regulatory approvals.

We will hold a conference call for interested analysts and shareholders to

review the acquisition on Thursday, July 16, 2015 at 8:30 a.m. EDT. The

conference call will be chaired by Don Walker, Chief Executive Officer. The

number to use for this call is 1-800-768-9481. The number for overseas callers

is 1-416-981-9031. Please call in at least 10 minutes prior to the call. We

will also webcast the conference call at www.magna.com. A slide presentation

accompanying the conference call will be available on our website Thursday

morning prior to the call.  

For anyone unable to listen to the scheduled call, the rebroadcast numbers will

be:  North America 1-800-558-5253 and overseas 1-416-626-4100 (reservation

number is 21772389) and will be available until Thursday, July 23, 2015.

For further information, please contact Vince Galifi, Executive Vice-President

and Chief Financial Officer, at 905-726-7100 or Louis Tonelli, Vice-President,

Investor Relations, at 905-726-7035.  For teleconferencing questions, please

contact Nancy Hansford at 905-726-7108.

ABOUT MAGNA

We are a leading global automotive supplier with 316 manufacturing operations

and 87 product development, engineering and sales centres in 29 countries.  We

have approximately 133,000 employees focused on delivering superior value to

our customers through innovative processes and World Class Manufacturing.  Our

product capabilities include producing body, chassis, interior, exterior,

seating, powertrain, electronic, vision, closure and roof systems and modules,

as well as complete vehicle engineering and contract manufacturing.  Our common

shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange

(MGA).  For further information about Magna, visit our website at www.magna.com.

FORWARD LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking

statements" or "forward-looking information" within the meaning of applicable

securities legislation, including, but not limited to, statements relating to:

strategic benefits expected to result from the acquisition; anticipated growth

of the DCT market and our ability to capitalize on such expected growth;

potential growth opportunities in China with Getrag's joint venture partners;

and our ability to benefit from industry trends related to increased fuel

efficiency and reduced emissions. The forward-looking information in this

document is presented for the purpose of providing information about

management's current expectations and plans and such information may not be

appropriate for other purposes. Forward-looking statements may include

financial and other projections, as well as statements regarding our future

plans, objectives or economic performance, or the assumptions underlying any of

the foregoing, and other statements that are not recitations of historical

fact. We use words such as "may", "would", "could", "should", "will", "likely",

"expect", "anticipate", "believe", "intend", "plan", "forecast", "outlook",

"project", "estimate" and similar expressions suggesting future outcomes or

events to identify forward-looking statements. Any such forward-looking

statements are based on information currently available to us, and are based on

assumptions and analyses made by us in light of our experience and our

perception of historical trends, current conditions and expected future

developments, as well as other factors we believe are appropriate in the

circumstances. However, whether actual results and developments will conform

with our expectations and predictions is subject to a number of risks,

assumptions and uncertainties, many of which are beyond our control, and the

effects of which can be difficult to predict, including, without limitation:

the satisfaction or waiver of conditions to complete the transaction, including

obtaining required regulatory approvals, and the consummation of the

transaction; our ability to successfully identify, complete and integrate

acquisitions or achieve anticipated synergies; our ability to conduct

appropriate due diligence on acquisition targets; risks of conducting business

in foreign markets, including China, India, Russia, Eastern Europe, Thailand,

Brazil, Argentina and other non-traditional markets for us; ongoing pricing

pressures, including our ability to offset price concessions demanded by our

customers; our ability to consistently develop innovative products or

processes; warranty and recall costs; pension liabilities; the impact of

economic or political conditions on consumer confidence, consumer demand for

vehicles and vehicle production; fluctuations in relative currency values;

restructuring, downsizing and/or other significant non-recurring costs;

continued underperformance of one or more of our operating Divisions; our

ability to successfully launch material new or takeover business; shifts in

market share away from our top customers; inability to grow our business with

OEMs; shifts in market shares among vehicles or vehicle segments, or shifts

away from vehicles on which we have significant content; a prolonged disruption

in the supply of components to us from our suppliers; shutdown of our or our

customers' or sub-suppliers' production facilities due to a labour disruption;

scheduled shutdowns of our customers' production facilities (typically in the

third and fourth quarters of each calendar year); our ability to successfully

compete with other automotive suppliers; reduction in outsourcing by our

customers or the loss of a material production or assembly program; the

termination or non-renewal by our customers of any material production purchase

order; impairment charges related to goodwill and long-lived assets; exposure

to, and ability to offset, volatile commodities prices;  risk of production

disruptions due to natural disasters or other catastrophic events; the security

and reliability of our IT systems; legal claims and/or regulatory actions

against us, including the ongoing antitrust investigations being conducted by

German and Brazilian authorities; changes in our mix of earnings between

jurisdictions with lower tax rates and those with higher tax rates, as well as

our ability to fully benefit tax losses; other potential tax exposures; changes

in credit ratings assigned to us; changes in laws and governmental regulations;

costs associated with compliance with environmental laws and regulations;

liquidity risks as a result of an unanticipated deterioration of economic

conditions; our ability to achieve future investment returns that equal or

exceed past returns;  the unpredictability of, and fluctuation in, the trading

price of our Common Shares; and other factors set out in our Annual Information

Form filed with securities commissions in Canada and our annual report on Form

40-F filed with the United States Securities and Exchange Commission, and

subsequent filings. In evaluating forward looking statements, we caution

readers not to place undue reliance on any forward-looking statements and

readers should specifically consider the various factors which could cause

actual events or results to differ materially from those indicated by such

forward-looking statements. Unless otherwise required by applicable securities

laws, we do not intend, nor do we undertake any obligation, to update or revise

any forward-looking statements to reflect subsequent information, events,

results or circumstances or otherwise.

SOURCE: Magna International Inc.

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