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
$959.11 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.
Complete vehicle solutions are engineered for global automakers.
Advanced driver assistance systems are developed for safety.
Battery electric vehicle powertrains are designed for efficiency.
People of Magna International
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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
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.
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Banking regulatory services are provided for Austrian financial institutions.
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Business and energy news is delivered via an online platform.
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Investor details for Magna International
Investor domains, locations, round participation, and complete history require an active premium plan.
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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.
Investment portfolio details for Magna International
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Tech-enabled vision-based ADAS and autonomous vehicle solutions are provided.
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Automotive lighting systems are manufactured and supplied by Wipac Czech.
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Manufacturer of automotive electronic components
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Complete acquisition details for Magna International
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Financial Statements - Magna International
Detailed financials for Magna International
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Magna International Comparisons
Peer comparison for Magna International
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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.
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Manufacturer of gas-powered construction equipment
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Major auto components are manufactured and supplied to OEMs.
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Major auto components are manufactured and supplied by Hyundai Mobis.
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Manufacturer and distributor of clean air and ride performance products to OEMs
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Manufactures & supplier of major auto components to OEMs and aftermarket
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Body and chassis components are manufactured and supplied to OEMs.
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Detailed competitors of Magna International
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Magna International
Complete news archive for Magna International
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Frequently Asked Questions about Magna International
Magna International was founded in 1957 and raised its 1st funding round 51 years after it was founded.
Magna International is headquartered in Aurora, Canada. It is registered at Aurora, Ontario, Canada.
Swamy Kotagiri is the current CEO of Magna International.
As of Dec 31, 2024, the latest employee count at Magna International is 170,000.
Annual revenue of Magna International is $40.79B as on Dec 31, 2024.
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.
Magna International's top competitors include Cummins, Illinois Tool Works and Tenneco.
Magna International offers Complete Vehicle Engineering, ADAS & Automated Driving, and BEV Powertrain.
Yes, Magna International is publicly traded on TSX under the ticker symbol MG.
Magna International has made 18 acquisitions, including Allied Technology, Inc, Blu Wave Motors, and BÖCO Böddecker.
Magna International has 5 investors. Key investors include European Union, Austria Wirtschaftsservice, BAFA, Ministerstvo Hospodárstva Slovenskej Republiky, and OSTI.GOV.
The ticker symbol of Magna International is MG on TSX.