Magna - About the company
Magna is a public company based in Aurora (Canada), founded in 1957 by . It operates as a Manufacturer and supplier of automotive components to OEMs. Magna has raised an undisclosed amount in funding. The company has 67 active competitors, including 18 that have exited. Its top competitors include companies like Cummins, Illinois Tool Works and Hyundai Mobis.
Company Details
Manufacturer and supplier of automotive components to OEMs . The company manufactures components such as bodies, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems, and modules.
- Website
- Social
- Email ID
- @magna.com
- Phone Number
- +1
Legal entities associated with Magna
Magna is associated with 18 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Oct 02, 1992 | - | 813 | 796 | |
Aug 23, 2012 | - | 976 | 530 | |
Mar 19, 2003 | - | 435 | 452 | |
Aug 21, 2000 | - | 767 | 896 | |
Jun 10, 2011 | - | 909 | 406 | |
Mar 24, 2023 | - | 228 | 193 | |
Jan 28, 2019 | - | 467 | 947 | |
Oct 17, 2018 | - | 998 | 599 | |
Nov 24, 2017 | - | 119 | 432 | |
Mar 06, 2012 | $1.53M (as on Dec 31, 2023) | 853 | 343 | |
Jan 16, 2019 | $157K (as on Dec 31, 2023) | 662 | 432 | |
Sep 09, 2013 | $65.4M (as on Dec 31, 2022) | 731 | 673 | |
Jul 18, 2010 | $435 (as on Dec 31, 2022) | 576 | 621 | |
Sep 28, 2022 | - | 960 | 819 | |
Sep 26, 2019 | $1 (as on Dec 31, 2019) | 332 | 685 | |
Dec 31, 2022 | $42.8B (as on Dec 31, 2023) | 535 | 675 | |
Dec 31, 1999 | - | 648 | 956 | |
May 06, 2009 | $236M (as on Mar 31, 2022) | 799 | 246 |
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Magna's funding and investors
Magna has raised funding over 31 rounds. Its first funding round was on Nov 13, 1961. Its latest funding round was a Grant (prize money) round on Apr 26, 2024 for $43.8K. 1 investor participated in its latest round, which include , , and .
Magna has 6 institutional investors including , and .
Here is the list of recent funding rounds of Magna:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Apr 26, 2024 | $43.8K | Grant (prize money) | 8337750 | 9947969 | |
Mar 04, 2024 | $61.6K | Grant (prize money) | 3318195 | 6236214 | |
Mar 01, 2024 | $153K | Grant (prize money) | 4513084 | 1733888 |
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Magna's founders and board of directors
The founders of Magna is . is the CEO of Magna.
View details of Magna's Founder profiles and Board Members
Magna's employee count trend
Magna has 77 employees as of Jun 24. The total employee count is 4.9% lower than what it was in Jun 23. Here is Magna's employee count trend over the years:
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Top competitors of Magna include Cummins, Illinois Tool Works and Hyundai Mobis. Here is the list of Top 10 competitors of Magna, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Cummins 1919, Columbus (United States), Public | Manufacturer of gas-powered construction equipment | - | , Ìý&²¹³¾±è;Ìý | 80/100 |
2nd | Illinois Tool Works 1912, Glenview (United States), Public | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | - | , IKP Knowledge ParkÌý&²¹³¾±è;Ìý | 66/100 |
3rd |  1957, Aurora (Canada), Public | Manufacturer and supplier of automotive components to OEMs | - | , Ìý&²¹³¾±è;Ìý | 63/100 |
4th | Hyundai Mobis 1977, Seoul (South Korea), Public | Manufacturer and supplier of major auto components to OEMs | - | - | 61/100 |
5th |  Tenneco 1999, Lake Forest (United States), Acquired | Manufacturer and distributor of clean air and ride performance products to OEMs | - | , Ìý&²¹³¾±è;Ìý | 54/100 |
6th | Spectra Premium 1989, Boucherville (Canada), Late Stage | Manufactures & supplier of major auto components to OEMs and aftermarket | $35.1M | 51/100 | |
7th |  Joyson Electronics 2004, Ningbo (China), Public | Manufacturer of electronic control units, washer, sensor & mirror systems, and steering wheel | - | 51/100 | |
8th | SL Corporation 1954, Gyeongsan si (South Korea), Public | Manufacturer and supplier of body and chassis components to OEMs | - | 48/100 | |
9th | Manufacturer of automotive wheels, tires, nuts & other accessories | $7.4M | OSK Ventures International Berhad, Cento VenturesÌý&²¹³¾±è;Ìý | 47/100 | |
10th | Unique Fabricating 1975, Auburn Hills (United States), Public | Automotive die-cut and molded parts fabricator to OEMs | - | 38/100 |
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Magna's Investments and acquisitions
Magna has made 24 investments in companies including Cartken and NationA. Magna has also acquired 19 companies including Veoneer and Optimus Ride. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 04, 2024 | Investments | 2019 | ||
Jun 21, 2024 | Investments | 2022 | Seoul, South Korea | |
Feb 22, 2024 | Investments | 2017 | Bengaluru, |
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Reports related to Magna
Here is the latest report on Magna's sector:
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News related to Magna
Media has covered Magna for a total of 54 events in the last 1 year, 24 of them have been about company updates and 6 about partnerships.
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GlobeNewswire•Apr 09, 2025•Magna
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lsa-conso.fr•Apr 01, 2025•, Magna
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Deadline•Mar 26, 2025•Magna
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Benzinga•Feb 14, 2025•Magna
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