Marelli Europe
{{Short description|Italian manufacturer of automotive components}}
{{Redirect|Marelli|the surname|Marelli (surname)}}
{{Infobox company
| name = Marelli Europe S.p.A.
| logo = Marelli logo.svg
| type = Subsidiary
| founded = {{Start date and age|1919}}
| location = Corbetta, Italy
| founder = Fiat and Ercole Marelli
| key_people = Ermanno Ferrari (CEO)
| industry = Automotive
| revenue = € 7.3 billion (2015){{Cite web |url=http://www.fcagroup.com/en-US/investor_relations/financial_reports/FiatDocuments/Bilanci/2013/2013_annual_report.pdf |title=2013 Annual Report |access-date=18 January 2020}}
| products = Automotive components
| num_employees = 40,500 (2015){{Cite web |url=http://www.magnetimarelli.com/company |title=Company |access-date=2013-08-04 |website=Magneti Marelli}}
| owner = KKR
| parent = Marelli Holdings
| subsid = AL-Automotive Lighting
Weber
| website = {{URL|https://www.marelli.com/}}
}}
{{Use dmy dates|date = July 2019}}
Marelli Europe S.p.A. (formerly Magneti Marelli S.p.A.) is a European subsidiary of Marelli Holdings which develops and manufactures components for the automotive industry. The firm is headquartered in Corbetta, Italy, and includes 86 manufacturing plants, 12 R&D centres, and 26 application centers in 19 countries, with 43,000 employees and a turnover of 7.9 billion euro in 2016.
{{Multiple image
| direction = vertical
| width = 250
| header = {{nobold|Historic Magneti Marelli products, preserved and exhibited at Museo nazionale della scienza e della tecnologia Leonardo da Vinci, Milan}}
| image1 = Musée Léonard de Vinci Milan 27.JPG
| caption1 = Car
| image2 = Televisori Magneti Marelli Museo scienza e tecnologia Milano.jpg
| caption2 = Television sets
}}
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 Stellantis) from 1967 onwards.
On 22 October 2018, FCA announced that Magneti Marelli was being bought by KKR, 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.{{cite web|url=https://www.cnn.com/2018/10/22/business/fiat-chrysler-auto-parts/index.html|title=Fiat Chrysler is selling its auto parts unit|first=Jethro Mulle|last=Business|website=CNN |date=22 October 2018 |access-date=23 October 2018}}{{cite web |url=https://www.just-auto.com/news/fca-to-sell-magneti-marelli-to-ck-holdings-for-eur62bn_id185200.aspx |website=Just-Auto.com| title=FCA to sell Magneti Marelli to CK Holdings for EUR6.2bn|date=22 October 2018 }}
In May 2019, Magneti Marelli and Calsonic Kansei merged to form Marelli.{{Cite web|url=https://www.magnetimarelli.com/press_room/news/calsonic-kansei-and-magneti-marelli-unite-under-new-worldwide-brand-%E2%80%93-marelli-%E2%80%93-part|title=Calsonic Kansei and Magneti Marelli unite under new worldwide brand – Marelli – as part of combined company's strategy to compete on a global scale|date=2019-05-01|access-date=2019-07-05}}
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,{{Cite web
| url=http://www.reghardware.co.uk/2008/11/20/f1_kers_debut/
| title=Formula One kinetic energy recovery rigs debut
| access-date=2009-01-31
| archive-url=https://web.archive.org/web/20090818065646/http://www.reghardware.co.uk/2008/11/20/f1_kers_debut/
| archive-date=18 August 2009
| url-status=dead
}} Grand Prix motorcycle racing and the World Rally Championship.{{Update after|2010|11}}
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.{{cite web
| title=Ford "Work Solutions" Makes Trucks Smart—Ford Smart
| date=6 February 2008
| publisher=Jalopnik.com, Ben Wojdyla, Feb 6 2008
| url=http://jalopnik.com/353119/ford-work-solutions-rethinks-what-trucks-do}}
In 2023, Magneti Marelli fired 140 workers at its Niehl plant near Cologne, Germany.
See also
{{stack|{{Portal|Italy|Companies}}}}
References
{{Reflist}}
External links
- {{Commons category-inline}}
- {{Official website|https://www.marelli.com/}}
{{Kohlberg Kravis Roberts}}
{{Automotive industry in Italy}}
{{Authority control}}
Category:Auto parts suppliers of Italy
Category:Technology companies established in 1919
Category:Italian companies established in 1919
Category:Multinational companies headquartered in Italy
Category:Manufacturing companies established in 1919
Category:2019 mergers and acquisitions