Magneti Marelli

Magneti Marelli S.p.A. (pronounced [maɲˈɲɛːti maˈrɛlli]) is an Italian developer and manufacturer of components for the automotive industry. The firm was, and is, headquartered in Corbetta, Italy, and included 86 manufacturing plants, 12 R&D centres and 26 application centers in 19 countries,[2] with 43,000 employees and a turnover of 7.9 billion euro in 2016.[2]

Historic Magneti Marelli products, preserved and exhibited at Museo nazionale della scienza e della tecnologia Leonardo da Vinci, Milan
Car
Television sets
Magneti Marelli S.p.A.
TypeSubsidiary
IndustryAutomotive
Founded1919 (1919)
FounderFiat and Ercole Marelli
HeadquartersCorbetta, Italy
Key people
Ermanno Ferrari (CEO)
ProductsAutomotive components
Revenue€ 7.3 billion (2015)[1]
Number of employees
40,500 (2015)[2]
ParentKKR[3]
SubsidiariesAL-Automotive Lighting
Weber
Websitewww.magnetimarelli.com

Subsidiaries and brands of the company include AL-Automotive Lighting, Carello, Cromodora, Cofap, Ergom Automotive, Jaeger, Mako Elektrik, Paraflu, Securvia, Seima, Siem SpA, Solex, Veglia Borletti, Vitaloni, and Weber.

History

Founded in 1919 as Fabbrica Italiana Magneti Marelli (FIMM), a joint-venture between Fiat and Ercole Marelli (1891–1993), an Italian electrical manufacturing company, the firm initially made ignition magnetos for the automotive and aviation industries, with its first plant in Sesto San Giovanni near Milan.

It was a subsidiary of FIAT (now FCA Italy) from 1967 onwards.

On 22 October 2018, FCA announced that Magneti Marelli was being bought by KKR fund through its holding company CK Holdings, to be merged with the Japanese automotive company Calsonic Kansei for $7.2 billion, a deal that would create one of the world's largest auto parts suppliers.[4][5]

In May 2019, Magneti Marelli and Calsonic Kansei merged to form Marelli.[3]

Current work

As of 2019, Magneti Marelli deals with intelligent systems for active and passive vehicle safety, and with powertrain systems. Business lines include automotive lighting systems, body control systems, powertrain control systems, electronic instrument clusters, telematics systems, and computers, suspension systems and components, exhaust systems, and motorsport, wherein Magneti Marelli develops specific electronic systems for Formula One,[6] Grand Prix motorcycle racing and the World Rally Championship.

Magneti Marelli worked with Ford Motor Company and Microsoft (Windows Embedded Automotive, formerly Microsoft Auto), to develop an in-dash computer (carputer) for Ford's work truck division introduced in 2008, with a built-in 6.5-inch, high-resolution touch screen and Bluetooth, USB connectivity, GPS navigation, voice recognition, and general office applications, e.g., word processing, contact, and calendar.[7]

See also
  • List of Italian companies

References
  1. "2013 Annual Report" (PDF). Retrieved 18 January 2020.
  2. "Company". Magneti Marelli. Retrieved 4 August 2013.
  3. "Calsonic Kansei and Magneti Marelli unite under new worldwide brand – Marelli – as part of combined company's strategy to compete on a global scale". 1 May 2019. Retrieved 5 July 2019.
  4. Business, Jethro Mulle. "Fiat Chrysler is selling its auto parts unit". Retrieved 23 October 2018.
  5. "FCA to sell Magneti Marelli to CK Holdings for EUR6.2bn". Just-Auto.com.
  6. "Formula One kinetic energy recovery rigs debut". Archived from the original on 18 August 2009. Retrieved 31 January 2009.
  7. "Ford "Work Solutions" Makes Trucks Smart—Ford Smart". Jalopnik.com, Ben Wojdyla, Feb 6 2008.
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