The games are done: FCA sells 100% of Magneti Marelli, a leading company in the components sector with 43 employees worldwide, 10 of which in Italy, to the Japanese of Calsonic Kansei, controlled by american fund Kkr, to 6,2 billion euros. Thus was born a group with a turnover of 15,2 billion and a total of 65 employees. The announcement came this morning before the reopening of the stock exchange.
Both the brand is employment levels of Magneti Marelli, which is based in the province of Milan and is the absolute leader in the production of batteries for motor vehicles, will be guaranteed by the buyers. It is the first operation of Mike Manley, the successor to the leadership of FCA by Sergio Marchionne, who had at the time set up the sale or listing of Magneti Marelli. “After carefully examining a number of options to allow Magneti Marelli to express its full potential – said Manley – the Calson Kansei combination has proved to be an ideal opportunity to accelerate Marelli's future growth. The combined activities will continue to be one of FCA's most important partners”, having signed a multi-year supply agreement from FCA to Marelli CK.
Satisfied the seller and satisfied the unions. Marco Bentivogli, leader of the Cisl metalworkers, declared that the sale of Magneti Marelli with the guarantees given by the buyer “can be an opportunity for growth and development. We will supervise compliance with the employment guarantees provided by the company”.
