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Samsung SDI buys Magna Steyr Li-ion battery pack business

Thu, 02/26/2015 - 16:42 -- Paul Crompton
Samsung SDI buys Magna Steyr Li-ion battery pack business

Lithium-ion battery company Samsung SDI Co. Ltd., has bought Magna Steyr’s battery pack business for an undisclosed fee.

The deal includes all of the Austrian company’s 264 employees, production and development sites and existing contracts of the business.

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