About Magna International
Magna International is a company based in Aurora (Canada) founded in 1957 by Frank Stronach. It operates as a B2B2C. The company has 170,000 employees as of December 31, 2024. Magna International has completed 18 acquisitions, including Allied Technology, Inc., Blu Wave Motors and BÖCO Böddecker. Magna International offers products and services including Complete Vehicle Engineering, ADAS & Automated Driving, and BEV Powertrain. Magna International operates in a competitive market with competitors including Cummins, Illinois Tool Works, Hyundai Mobis, Tenneco and Spectra Premium, among others.
- Headquarter Aurora, Canada
- Employees 170000 as on 31 Dec, 2024
- Founders Frank Stronach
- Stage Public
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Magna International Inc.
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Annual Revenue
$40.79 B (USD)1.54as on Dec 31, 2024
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Net Profit
$959.13 M (USD)-15.57as on Dec 31, 2024
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EBITDA
$3.93 B (USD)6.73as on Dec 31, 2024
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Latest Funding Round
$43.84 K (USD), Grant
Apr 26, 2024
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Investors
European Union
& 4 more
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Employee Count
170000
as on Dec 31, 2024
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Investments & Acquisitions
Allied Technology, Inc.
& 17 more
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IPO & Listings of Magna International
Magna International is a publicly listed company on the TSX with ticker symbol MG in Canada, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Magna International
Magna International offers a comprehensive portfolio of products and services, including Complete Vehicle Engineering, ADAS & Automated Driving, and BEV Powertrain. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Complete vehicle solutions are engineered for global automakers.
Advanced driver assistance systems are developed for safety.
Battery electric vehicle powertrains are designed for efficiency.
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Software Development Team
144 people
Leadership Team
53 people
Senior Team
49 people
Sales and Marketing
37 people
Program Team
33 people
Product Management Team
22 people
Legal and Compliance
17 people
Project Team
16 people
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Funding Insights of Magna International
- Total Funding Total Funding
- Total Rounds 36
- Last Round Grant — $43,836
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Grant - Magna International | Valuation |
investors |
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| Mar, 2024 | Amount | Grant - Magna International | Valuation |
investors |
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| Mar, 2024 | Amount | Grant - Magna International | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magna International
Magna International has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include European Union, Austria Wirtschaftsservice and BAFA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Banking regulatory services are provided for Austrian financial institutions.
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Founded Year | Domain | Location | |
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Business and energy news is delivered via an online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magna International
Magna International has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Allied Technology, Inc., Blu Wave Motors and BÖCO Böddecker. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Tech-enabled vision-based ADAS and autonomous vehicle solutions are provided.
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2018 | ||||
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Automotive lighting systems are manufactured and supplied by Wipac Czech.
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2017 | ||||
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Manufacturer of automotive electronic components
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magna International
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magna International Comparisons
Competitors of Magna International
Magna International operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cummins, Illinois Tool Works, Hyundai Mobis, Tenneco and Spectra Premium, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied to OEMs.
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| domain | founded_year | HQ Location |
Major auto components are manufactured and supplied by Hyundai Mobis.
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| domain | founded_year | HQ Location |
Manufacturer and distributor of clean air and ride performance products to OEMs
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| domain | founded_year | HQ Location |
Manufactures & supplier of major auto components to OEMs and aftermarket
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| domain | founded_year | HQ Location |
Body and chassis components are manufactured and supplied to OEMs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magna International
Frequently Asked Questions about Magna International
When was Magna International founded?
Magna International was founded in 1957 and raised its 1st funding round 51 years after it was founded.
Where is Magna International located?
Magna International is headquartered in Aurora, Canada. It is registered at Aurora, Ontario, Canada.
Who is the current CEO of Magna International?
Swamy Kotagiri is the current CEO of Magna International.
How many employees does Magna International have?
As of Dec 31, 2024, the latest employee count at Magna International is 170,000.
What is the annual revenue of Magna International?
Annual revenue of Magna International is $40.79B as on Dec 31, 2024.
What does Magna International do?
Magna International is established as a leading mobility technology company with over 65 years of expertise in the automotive sector. Operations are conducted across 28 countries, supporting major automakers worldwide through an ecosystem of interconnected products. Complete vehicle engineering and manufacturing are provided alongside specialized solutions in powertrain, ADAS, and automated driving systems. Innovations in sustainable materials, drivetrains, and energy storage systems are developed to advance mobility in an expanded transportation landscape.
Who are the top competitors of Magna International?
Magna International's top competitors include Cummins, Illinois Tool Works and Tenneco.
What products or services does Magna International offer?
Magna International offers Complete Vehicle Engineering, ADAS & Automated Driving, and BEV Powertrain.
Is Magna International publicly traded?
Yes, Magna International is publicly traded on TSX under the ticker symbol MG.
How many acquisitions has Magna International made?
Magna International has made 18 acquisitions, including Allied Technology, Inc., Blu Wave Motors, and BÖCO Böddecker.
Who are Magna International's investors?
Magna International has 5 investors. Key investors include European Union, Austria Wirtschaftsservice, BAFA, Ministerstvo Hospodárstva Slovenskej Republiky, and OSTI.GOV.
What is Magna International's ticker symbol?
The ticker symbol of Magna International is MG on TSX.
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