Martinrea International Acquires Assets of Effenco Development Inc.
February 27, 2023
Martinrea International Inc. has acquired the assets of Montreal-based Effenco Development Inc., a green-tech company that designs and manufactures electrification and connectivity solutions for heavy-duty vocational trucks. Martinrea says the acquisition supports its sustainability and innovation initiatives and will leverage Martinrea's global manufacturing and supply chain capabilities to grow Effenco's technologies and customer deployments.
- Buyers
- Martinrea International Inc.
- Targets
- Effenco Development Inc.
- Industry
- Automotive
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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