Magna International Inc has completed its acquisition of the Getrag group of companies, a supplier of automotive transmissions.

In particular, Getrag is a leader in the market for dual-clutch transmissions (DCTs), a segment which is expected to experience high growth globally over the next decade. 

Getrag has an 80-year history in transmissions and technology, offering a range of transmission systems including manual, automated-manual, dual-clutch, hybrid and other advanced systems.

 ‘Expanding our business to provide complete powertrain solutions has been a strategic priority for us,’ said Jake Hirsch, Magna Powertrain president.  ‘We believe that Getrag is an excellent fit in terms of product, technology, footprint, customers and people and look forward to working together to continue building on their history of innovation.’ 

‘Under Magna's ownership, Getrag is well positioned to become even stronger,’ said Getrag CEO Mihir Kotecha.  ‘I expect that the combined businesses will be even better positioned to realize opportunities being created in the powertrain segment by the need for improved fuel efficiency and reduced carbon emissions.’

This story uses material from Magna International, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.