Global Auto Parts Maker Linamar, Israel’s SoftWheel Form Strategic Partnership
April 2, 2018 | Global manufacturing company Linamar, the second largest Canadian manufacturer of auto parts traded on the Toronto Stock Exchange, announced it has signed a strategic cooperation agreement with Israeli startup SoftWheel, according to a statement. “The cooperation exemplifies the vision of smart urban transportation that SoftWheel’s technology represents,” the statement said. Linamar will set up a production line for SoftWheel products in North America. The production line will produce current and future product designs and increase SoftWheel production capacity to accelerate its entrance into the global market. Founded in 2011, the Tel Aviv-based SoftWheel has developed a unique suspension technology with the suspension mounted within the wheel itself. Their products have been adopted by a variety of transportation sectors including wheelchairs and bicycles. Linamar already has 59 factories and six product development centers in 15 countries around the world, manufacturing parts for the global automotive industry at large.