PECM Issue 17 2015 | Page 19

technologies, collaborating with multiple start-ups leading to a recent joint venture agreement. Ian R. Simmons, Vice President of Business development and R&D at Magna International, explains the deepening connection: “Successful commercialization of innovation is one of Magna’s key targets. The Advanced Engineering Show in the UK is helping Magna to demonstrate that we are open for business to suppliers, universities and start up’s that have new or innovative technology. Future collaboration and partnerships will be key to Magna meeting the demands for the next wave of technologies for our global customers.” Magna International is one of the largest automotive suppliers in the world, with 319 manufacturing operations and 85 product development, engineering and sales centres in 29 countries. Katie Crocombe, Advanced Engineering UK Event Director, explains why the company’s involvement is so important: