Linamar signs deal to buy two factories in Germany
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Hey there, time traveller!
This article was published 27/03/2026 (196 days ago), so information in it may no longer be current.
GUELPH – Linamar Corp. says it has signed a deal with Winning BLW to buy the company’s factories in Remscheid and Penzberg, Germany.
Financial terms of the deal were not immediately available.
Linamar says the Remscheid operation produces high-performance precision bevel and intermediate gears for the light vehicle market.
The Penzberg facility specializes in helical gears and high-precision components serving the commercial and off-highway sectors.
Linamar says both locations serve customers that it already has significant existing business with, while also introducing new key customers.
It says the deal will add about $200 million in annualized revenue.
This report by The Canadian Press was first published March 27, 2026.
Companies in this story: (TSX:LNR)