{"id":64351,"date":"2023-09-22T20:04:24","date_gmt":"2023-09-23T00:04:24","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/linamar-buying-propulsion-agnostic-business-from-mobex-for-70m\/"},"modified":"2023-09-22T20:04:28","modified_gmt":"2023-09-23T00:04:28","slug":"linamar-buying-propulsion-agnostic-business-from-mobex-for-70m","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64351","title":{"rendered":"Linamar Buying Propulsion-Agnostic Business From Mobex for $70M"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230921-705368\" role=\"document\">\n<p>By Robb M. Stewart<\/p>\n<pre><\/pre>\n<p>Linamar is buying manufacturing operations for propulsion-agnostic chassis and suspension modules and components for $70 million in cash.<\/p>\n<p>The manufacturing company said Thursday it has reached a definitive agreement with Mobex Fourth &amp; 1 and certain affiliates to buy a substantial portion of its U.S.-based assets. The deal is subject to regulatory and other approvals and is set to close in the final quarter of the year.<\/p>\n<div class=\"paywall\">\n<p>Linamar said the Mobex facilities will be integrated into its structures division, and will bolster its position as a supplier of propulsion-agnostic solutions.<\/p>\n<p>&#8220;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,&#8221; said Linamar President and Chief Operating Officer Jim Jarrell.<\/p>\n<pre><\/pre>\n<p>Write to Robb M. Stewart at robb.stewart@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/linamar-buying-propulsion-agnostic-business-from-mobex-for-70m-840e1085?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Robb M. Stewart Linamar is buying manufacturing operations for propulsion-agnostic chassis and suspension modules and components for $70 million in cash. The manufacturing company said Thursday it has reached a definitive agreement with Mobex Fourth &amp; 1 and certain affiliates to buy a substantial portion of its U.S.-based assets. The deal is subject to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-64351","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Linamar Buying Propulsion-Agnostic Business From Mobex for $70M | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Robb M. 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