By Kari Williamson

Cosma will acquire two operations in Germany, one in Poland and one in Hungary. BDW's current production customers include Volkswagen, Audi, Porsche, Mercedes-Benz, Ferrari, ZF and others.

Magna says the acquisition will expand and complement Cosma's ability to deliver lightweight solutions for complex body-in-white structural and chassis components in steel, aluminium or aluminium-steel hybrid.

"The technologies gained from BDW will complement the low-pressure casting capabilities we recently acquired from Grenville Castings in Ontario, Canada," says Horst Prelog, President of Cosma International. "While Cosma has always maintained broad product and process metal forming capabilities, the integration of BDW makes Cosma the right choice for OEM's collaborative, lightweight vehicle solutions."

Closing of the transaction is expected to occur in the first quarter of 2012, subject regulatory approvals including anti-trust approvals.