30May 2023

Linamar Acquires 3 Battery Enclosures Factories Accelerating Electrification Evolution

May 30, 2023 (GUELPH) – Linamar Corporation (TSX: LNR) has reached a definitive agreement with Dura-Shiloh, a Middleground Capital portfolio company, to acquire its Battery Enclosures business for a total of $325M USD in all-cash consideration. The deal includes three factory locations in Alabama, US; Czechia; and North Macedonia. It is expected to close during the third quarter of 2023, subject to customary regulatory approval and other closing conditions. All three sites manufacture advanced battery enclosures for Battery Electric Vehicle (BEV) applications. The deal accelerates Linamar’s strategy towards a more electrified product portfolio with increased future BEV content potential.