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    First quantitative assessment of the impact of the integrated circuit (IC) shortage on light vehicle production 
    In December 2020, IHS Markit published a comprehensive update on the impact of the semiconductor supply shortage on the automotive market, the link for which can be found here. Toward the end of 2020, it was evident that a shortage in the supply of semiconductors would disrupt the automotive indu...
    OEMs launching 5G-enabled cars years before the technology goes mainstream 
    The introduction of 5G telecommunication services is going to be a game-changer for the automotive industry. Its low latency properties will drive growth in connected and autonomous vehicle markets while enabling data and signal sharing in real time, which is crucial for maintaining safety in t...
    Illinois Tool Works to acquire MTS Test & Simulation business from Amphenol
    Illinois Tool Works Inc. (ITW) and Amphenol Corporation, a global provider of high-technology interconnect, antenna and sensor solutions, announced on 20 January that they have entered into an agreement under which ITW will acquire MTS Systems Corporation’s Test & Simulation business, fol...
    ACQUISITION: Elmos acquires electric drive specialist Online Engineering
    Elmos Semiconductor has announced the acquisition of Online Engineering, a company press release read on 18 January. The Dortmund, Germany-based company specializes in the development of hardware and software components for electric drives. Financial details of the deal were not disclosed. “We ...
    ACQUISITION: Motherson Sumi to acquire majority stake in Turkey-based Plast Met Group
    Samvardhana Motherson Automotive Systems Group BV (SMRPBV) is acquiring a majority stake in Plast Met Plastik Metal San. İmalatveTic.A.Ş.(PM-Bursa) and Plast Met Kalıp San.veTic.A.Ş.(PM-Istanbul)—together known as Plast Met group (Turkey)—through its subsidiary Samvardhana Motherson Reflecte...
    Sogefi sells filtration plant in Spain
    Sogefi has divested its filtration plant in Cerdanyola, Spain, to Fragola International Group, the company said in a press release on 15 January 2021. The transaction excludes the aftermarket activities in Spain, that will remain within Sogefi’s perimeter. Enterprise value for the transaction is e...
    ACQUISITION: Garrett Motion selects enhanced proposal from Centerbridge and Oaktree
    Swiss automotive powertrain components and systems manufacturer, Garrett Motion, has announced that it has selected an enhanced proposal put forward by a consortium of stockholders led by Centerbridge Partners, L.P., and Oaktree Capital Management, L.P., in order to reorganize the company. Accord...
    PPG to acquire coatings manufacturer Wörwag
    PPG Industries has reached a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications, according to a press release on 11 January. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. ...
    Bridgestone Americas divests Firestone Building Products business to focus on tire business
    South Korean tiremaker Bridgestone’s US division, Bridgestone Americas, has announced that it has divested Firestone Building Products, a commercial roofing and building envelope solutions provider, in order to focus on its tire business. According to a press release issued by Bridgestone Americas...
    ACQUISITION: Teledyne Technologies inks definitive agreement to acquire FLIR Systems
    Teledyne Technologies Incorporated has inked a definitive agreement to acquire FLIR Systems, Inc., according to a FLIR press release on 4 January 2021. Teledyne will acquire FLIR in a cash and stock transaction valued at approximately USD8 billion. Under the terms of the agreement, FLIR stockhold...
    Rico Auto acquires stake in Metalart Friction
    Indian auto parts supplier has acquired a stake in Metalart Friction Private Limited (MFPL), according to a BSE filing by Rico on 30 December. According to the filing, the company has completed the acquisition of 7,000 equity shares having a face value of INR10 each from its existing Promoter Shareh...
    Showa marginally reduces shareholding in Indian JV Munjal Showa to 24.9%
    Japan-based Showa Corporation has reduced shareholding in Indian joint venture (JV) Munjal Showa to 24.9%, according to a BSE filing by Munjal Showa on 30 December 2020. Showa has divested 4,39,973 number of equity shares comprising 1.10% of the paid-up share capital of the JV. After the said dispos...
    Sogefi sells filtration business in Brazil to Eagle Holdings
    Sogefi has inked a binding agreement to sell its Brazilian Filtration business to SA Eagle Holdings, the company announced in a press release on 17 December 2020. Enterprise value for the transaction is estimated around EUR2.3 million (USD2.8 million). The company expects the transaction to close by...
    Hyundai Mobis acquires semiconductor division of Hyundai Autron
    Hyundai Mobis has announced has signed a contract to acquire the semiconductor division of Hyundai Autron, according to a company press release on 14 December. The acquisition cost was USD122 million. The acquisition will give Hyundai Mobis the capability to design, develop, and verify semiconductor...
    Hyundai to acquire 80% stake in Boston Dynamics from SoftBank
    Hyundai Motor Group (HMG) has reached an agreement with SoftBank Group to acquire controlling stake in Boston Dynamics in a deal that values the robotic company at USD1.1 billion, the South Korean automotive group said in a press release on 11 December. As part of the agreement, HMG will acquire aro...
    Varroc acquires partner’s stake in Romanian JV Varroc-Elba
    VarrocCorp Holding B.V. (VCHBV), a wholly owned subsidiary of Varroc, has acquired the balance 30% stake in Romanian joint venture (JV) Varroc-Elba Electronics S.R.L held by the other JV partner, ELBA SA, according to a filing by Varroc with BSE on 9 December. The deal is valued at EUR1.05 million (...
    LG Chem completes spin-off of battery business as 'LG Energy Solution'
    LG Chem has completed the spin-off of its battery business into a new company 'LG Energy Solution', the company announced in a press release on 1 December. LG Chem announced that Kim Jong Hyun has been appointed as the first president of LG Energy Solution. “LG Energy Solution pioneered with an un...
    Bosch to acquire minority stake in US-based startup Sfara
    In a bid to expand mobility service business, Bosch Service Solutions is acquiring a minority stake in Sfara Inc., a US-based startup, the German supplier said in a press release on 30 November. The companies have not disclosed financial details of the transaction. “With this investment in Sfar...
    MAHLE to sell shares in MAHLE König
    Germany-based automotive components and systems supplier, MAHLE, has announced that it will be selling all of its shares in MAHLE König. According to a press release issued by MAHLE on 26 November, the company states that this divestment will take effect from the end of November. Since 1999, MAH...
    Lumentum acquires certain technology assets of TriLumina
    Lumentum Holdings Inc. has acquired certain technology assets of and TriLumina Corporation, including its patents and other intellectual property, Lumentum announced in a press release on 16 November 2020. The companies did not disclose the terms of the transaction. Significance: Lumentum is a ma...
    Recticel to acquire Conxzetta Group’s foam solution company FoamPartner
    Recticel has entered into final agreements with Swiss Conzzeta AG to acquire FoamPartner in cash for an enterprise value of CHF270 million (USD296 million), CHF 20 million of the price being payable in January 2022, Recticel announced in a press release on 10 November. This represents an 8.6× avera...
    Sierra Wireless completes sale of automotive embedded module product line
    Sierra Wireless has completed the previously announced sale of its China-based automotive embedded module product line to Rolling Wireless (H.K.) Limited for USD165 million in cash, according to a press release on 18 November. The sale of the automotive product line includes approximately USD19 mill...
    Valmet Automotive completes divestment of engineering service business
    In a press release dated 16 November, Valmet Automotive has completed divestment of its engineering service business to Mutares SE & Co. KGaA. With the sale of the Engineering Services, Valmet Automotive has exited traditional vehicle development and combustion engine related technologies. Si...
    Uber explores selling autonomous driving unit
    Uber is in talks to sell its autonomous driving unit, Uber Advanced Technology Group (ATG), to Aurora Innovation, TechCrunch reported on 14 November citing three people familiar with the development. Terms of the deal are known but Uber has been talks with Aurora since October, the report claimed. &...
    TOTAL acquires EV charging solutions business from Germany-based Digital Energy Solutions
    Energy company TOTAL has acquired electric vehicle (EV) charging solutions business from Germany-based Digital Energy Solutions, TOTAL announced in a press release on 2 November. With the integration of the Charging Solutions business unit, TOTAL is taking over around 1,400 charging statio...
    ACQUISITION: Adler Pelzer Group acquires acoustic division of STS Group
    Adler Pelzer Group has acquired the acoustic division of STS Group, according to a company press release on 30 October. The company announced completion of the acquisition after receiving the green light from antitrust authorities and other closing conditions. "We are very proud of this mark...
    Acquisition: Telenav agrees to be acquired by V99
    Telenav has entered into a definitive agreement to be acquired by V99, Inc., in an all-cash transaction that values Telenav at about USD241 million, the US-based said in a press release on 3 November. V99 is a US-based company established by HP Jin, cofounder, president, and CEO of Telenav. Jin, alo...
    DIVESTMENT: Modine signs agreement to sell majority of automotive business to Dana
    Thermal management technology and solutions provider, Modine Manufacturing Company, has announced that it has signed a definitive agreement with Dana Incorporated to sell the liquid-cooled portion of its automotive business. According to a press release issued by Modine on 2 November, the company st...
    LG Chem shareholders approve spin-off of battery business
    LG Chem shareholders have approved spinning off its battery business as a standalone company, The Korea Times reported on 30 October. The new company will be named LG Energy Solution and will be established as a fully-owned subsidiary of LG Chem on 1 December 2020.  Significance: LG Chem fir...
    Groupe PSA reduces stake in Faurecia to 39%
    Groupe PSA has announced the completion of the sale of 9,663,000 shares in Faurecia, representing approximately a 7% stake in the French supplier, via an institutional private placement, the automaker said in a press release on 28 October. The proceeds from the transaction amount to approximately EU...
    Continental mulls divesting its turbocharger business
    Continental is mulling to sell its turbocharger business as part of its ongoing restructuring program, Bloomberg reported on 22 October. Continental is reportedly in talks with prospective buyers. Significance: In 2019, Continental announced a long-term restructuring program "Transformation 2019...
    Mahle to acquire air conditioning business of Japanese supplier Keihin
    Mahle has inked a purchase agreement to acquire Keihin Corporation’s air conditioning business in Japan, Thailand, and the United States, the former announced in a press release on 23 October 2020. The implementation of the agreement, which is expected in the first quarter of 2021, requires the ap...
    ACQUISITION: KPS Capital raises stalking horse bid for Garrett Motion to USD2.6 billion
    In a press release dated 19 October, Garrett Motion has announced that it has received a higher stalking horse bid from KPS Capital Partners. KPS Capital has raised the bid by USD500 million to USD2.6 billion. KPS would also offer coinvestment in an aggregate amount of up to USD350 million, of which...
    Liberty Steel Group makes an offer to acquire thyssenkrupp Steel Europe
    LIBERTY Steel Group has made a non-binding indicative offer (NBIO) to thyssenkrupp to acquire the German steel major's assets in Europe, according to a press release on the website of LIBERTY Steel Group on 16 October. LIBERTY Steel’s proposal is subject to certain assumptions about the business. ...
    ACQUISITION: VOSS Group acquires HENZEL Automotive to strengthen presence in thermal management systems
    German automotive components supplier, VOSS Automotive, has announced its acquisition of Henzel Automotive GmbH. According to a press release issued by the Voss Group on 19 October, this will complement the Group’s development and production competencies in the automotive thermal management s...
    Acquisition: Lumax Auto to acquire JV partner stake in Lumax Gill-Austem
    Lumax Auto Technologies has acquired the entire shareholding held by erstwhile joint venture (JV) partner in Lumax Gill Austem Auto Technologies Private Limited (LGAAT), a subsidiary of the company, according to a regulatory filing by the company in 16 October. The deal is valued at INR7.3 million. ...
    Nippon Steel considers selling two automotive steel plants in US
    Nippon Steel is considering selling two of its automotive steel plants in the US state of Indiana, according to a report by The Japan Times on 14 October. Nippon Steel is thinking of following the suit after its partner ArcelorMittal, which jointly owns a company running the two plants, decided to s...
    DIVESTMENT: Valmet to sell Engineering Services Business to intensify focus on e-mobility
    Valmet Automotive has reached an agreement to divest its Engineering Services Business Line to Mutares SE & Co. KGaA, according to a company press release on 12 October. The divested engineering services business includes vehicle development, electrics/electronics, simulation and testing se...
    Acquisition: Autonomous vehicle safety company Foretellix to acquire startup Metamoto
    Israeli startup Foretellix has announced that it will acquire Metamoto for an undisclosed amount, a company press release read on 7 October. Foretellix target of offering OEMs and tier-1 suppliers with simulator agnostic verification and validation solution will be boosted by Metamoto’s experti...
    ACQUISITION: BorgWarner completes acquisition of Delphi Technologies
    American automotive components manufacturer, BorgWarner, has announced that it has completed the acquisition of Delphi Technologies. In a press release issued by BorgWarner on 2 October, the company stated that acquiring Delphi Technologies would reinforce BorgWarner’s electronics and power electr...
    DIVESTMENT: Adient completes sale of fabric business to Sage Automotive Interiors
    Adient completed the previously announced sale of its automotive fabric manufacturing business to Sage Automotive Interiors on 30 September, the US-based automotive supplier said in a press release on 1 October. Sage Automotive Interiors, a wholly owned subsidiary of Japan-based Asahi Kasai Group pa...
    Novelis sells Belgium plant as part of Aleris acquisition
    Novelis, a major player in aluminum rolling and recycling, has sold the former Aleris plant in Duffel, Belgium, to ALVANCE, the aluminum business of the GFG Alliance, according to a company press release on 2 October 2020. The transaction is part of Novelis’s acquisition of Aleris. Significance...
    Total acquires EV charging company ‘Blue Point London’
    Energy company Total has acquired electric vehicle (EV) charging company ‘Blue Point London’ from the Bolloré Group, the company announced in a press release on 29 September. With this transaction, Total is taking over the management and operation of EV charging network Source London. This tran...
    DIVESTMENT: HELLA to sell front camera software business to Volkswagen’s Car.Software Org
    HELLA has announced that it will be selling its front camera software business to Volkswagen’s Car.Software Org, a company press release on 29 September read. The transaction is expected to result in an income of about EUR100 million (USD116.5 million) for HELLA. Following the closure of the tr...
    Diodes gets mainland China’s State Administration for Market Regulation approval for Lite-On Semiconductor acquisition
    Diodes has received approval from mainland China’s State Administration for Market Regulation (SAMR) for the acquisition of Lite-On Semiconductor, the company said in a press release on 23 September. The transaction is expected to close by the end of November 2020. Significance: In March, Diode...
    LeddarTech acquires assets of Phantom Intelligence
    LeddarTech has acquired the assets of Phantom Intelligence, including all of its intellectual property (IP) and technology, the company said in a press release on 22 September 2020. Phantom Intelligence, founded in 2011, specializes in signal processing and lidar technology that protects vulnerab...
    KPS Capital Partners enters agreement for potential acquisition of Garrett Motion’s business
    Swiss automotive powertrain components manufacturer Garrett Motion announced that it has signed a stock and asset purchase agreement with US-based private equity firm KPS Capital Partners, wherein the company, through an affiliate, would acquire substantially all of the assets of Garr...
    SPIN-OFF: LG Chem announces plan to spin off its battery business
    LG Chem has announced plans to spin off its battery business, a company press release read on 17 September. The decision has been approved by the board and is subject to shareholder approval. LG Chem says that it will be a physical division in which LG Chem will possess all of the stocks issued b...
    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    ACQUISITION: HELLA acquires plastics technology specialist FWB Kunststofftechnik
    HELLA GmbH & Co. KGaA has acquired Germany-based plastics technology specialist FWB Kunststofftechnik GmbH (FWB), according to a HELLA press release on 15 September 2020. HELLA already has a 25% stake in FWB. With the complete takeover, which took place on 14 September 2020, HELLA intends to sec...
    ACQUISITION: NVIDIA agrees to acquire ARM for USD40 billion
    NVIDIA has reached a definitive agreement to acquire the UK-based chip designer ARM Limited from SoftBank Group in a transaction valued at USD40 billion, the company said in a press release on 13 September. The transaction is expected to conclude in 18 months, subject to customary closing conditions...
    Wallbox acquires EV charging app Electromaps
    In a press release dated 8 September, Wallbox announced that it has acquired a majority stake in Electromaps electric vehicle (EV) charging app. Electromaps will continue to develop and operate its platform under the same brand through the leadership of its founding partners Xavier Cañadell and Jor...
    ACQUISITION: Bosch acquires 26% stake in Indian e-mobility company SUN Mobility
    German auto parts supplier Bosch, through its investment vehicle Robert Bosch Investment Nederland B.V., has acquired a 26% stake in Indian e-mobility company SUN Mobility, according to a report by ET Auto on 4 September. The companies did not disclose the financial terms of the transaction. “B...
    Yandex, Uber to spin off autonomous unit
    Yandex N.V., a Russian internet giant, will spin off its autonomous vehicle business and form a new company -called Yandex Self Driving Group B.V. (Yandex SDG) with Uber, Yandex announced in a press release on 4 September 2020. Before the spin-off, Yandex’s self-driving car business unit was part ...
    ACQUISITION: Magna to acquire majority ownership of Chinese seat supplier Honglizhixin
    Magna has signed an agreement to acquire majority ownership of Honglizhixin, a major seat supplier to Chinese automakers, the Canadian automotive parts supplier announced in a press release on 3 September 2020. At the same time, Magna will acquire a majority stake in its existing seating joint ventu...
    ACQUISITION: Delfingen acquires Schlemmer’s European and African operations
    Delfingen, a supplier of electrical cable protection systems and solutions for the automotive industry, has completed the acquisition of Schlemmer’s business in Europe/Africa, according to a company press release on 1 September. Schlemmer’s Asian perimeter was sold to its Chinese partner, the Fe...
    ACQUISITION: Allegro MicroSystems acquires lidar manufacturer Voxtel
    Allegro MicroSystems has announced the acquisition of Voxtel, a company dealing with advanced photonic and 3D imaging technology including long-range, eye-safe lidar, a company press release read on 28 August. The rationale behind the acquisition is utilizing Voxtel’s laser and imaging products wi...
    DIVESMENT: Panasonic completes transfer of semiconductor business to Nuvoton Technology
    Panasonic has announced the completion of transfer of its semiconductor business to Winbond Electronics’ unit Nuvoton Technology, a company press release read on 1 September. Initially 1 June was was deemed as the completion date, but it was postponed due to the COVID-19 pandemic delaying the clea...
    nd Group acquires majority share in EV startup e.GO Mobile
    nd Group’s nd Industrial Investments has acquired a majority share in electric vehicle (EV) startup e.GO Mobile for an undisclosed amount, e.GO Mobile announced in a press release on 31 August. On September 1, Next.e.GO Mobile SE took over the entire business of e.GO Mobile AG including all subsid...
    M&A: Shiloh enters stock and asset purchase agreement with Grouper Holdings
    Shiloh Industries, Inc., a global supplier of lightweighting, noise and vibration solutions, has entered into a ‘stalking horse stock and asset purchase agreement’ with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC, Shiloh announced in a press release on 30 August 2020. As per ...
    Hella mulls sale of driver-assistance software unit
    Hella is planning to sell its driver-assistance software unit, Bloomberg reported on 27 August, citing people familiar with the development. The German supplier is working with its advisors to gauge interest in the business which could fetch several hundred million euros, the people told Bloomberg, ...
    SPIN-OFF: Hexagon Composites to spin off e-mobility business into a new company
    Hexagon Composites is planning to spin off and list its e-mobility business into a new entity, called Hexagon Purus, the company announced in a press release on 24 August. The Private Placement will allow the e-mobility Business to be listed with the required capital to fund its initial development ...
    DIVESTMENT: Adient completes sale of interior business to Yanfeng Automotive
    Adient has completed the previously announced divestment of its stake in automotive interior joint venture, Yanfeng Global Automotive Interior Systems (YFAI) to its Chinese partner, Yanfeng Automotive Trim Systems, the company said in a press release on 21 August. The US-based automotive supplier re...
    Bridgestone announces proposal to close South African tire production facility
    Japanese tire manufacturer Bridgestone’s South Africa division has announced that it plans to shut down its bias tire production plant located in Port Elizabeth, South Africa. In a press release issued by Bridgestone Southern Africa on 20 August, the company stated that this move is aligned with t...
    SPIN-OFF: Alfa’s shareholders approve spin-off of Nemak
    Nemak, S.A.B. de C.V. has announced that shareholders of its parent company Alfa S.A.B. de C.V. have approved a proposal to spin off its entire ownership stake in Nemak, S.A.B. de C.V., according to a company press release on 17 August. The proposal includes transfer Alfa’s entire share ownership ...
    Porsche invests in connected car startup Aurora Labs
    Porsche Automobil Holding has acquired a minority stake in Israel-based startup Aurora Labs for USD2.5 million, the company said in a press release on 13 August. The venture capital arm of Porsche has already invested in two U.S-based 3-D printing specialists Markforged and Seurat Technologies an...
    M&A: Veoneer completes divestiture of US brake control business to ZF
    Swedish automotive technology provider, Veoneer, has announced that it has completed the divestment of its US-based brake control business unit. According to a press release issued by Veoneer on 11 August, the company stated that its US brake control business unit has been divested to German automot...
    M&A: MiddleGround Capital acquires majority ownership in US supplier Dura Automotive
    MiddleGround Capital has acquired a majority stake in Dura Automotive Systems, the US-based supplier said in a press release on 6 August. The US-based private equity firm bought the stake in Dura from Bardin Hill Investment Partners. Dura Automotive specializes in highly-integrated mechatronic sy...
    PLANT CLOSURE: Marelli Automotive Lighting to permanently close plant in Michigan, US
    Marelli has announced plans to permanently close its Michigan lighting plant. According to a Worker Adjustment and Retraining Notification (WARN) notice on 27 July on the website of Mighigan.gov. Marelli Automotive Lighting USA will close its Clarkston, Michigan factory, affecting 263 employees. The...
    M&A: Fastned acquires EV charging network MisterGreen
    Dutch electric vehicle (EV) charging stations operator Fastned has acquired the fast-charging network of local vehicle leasing company MisterGreen Electric Lease, Fastned announced in a press release on 1 July. Fastned has acquired 100% of the shares in The Fast Charging Network B.V. from Misterg...
    M&A: dSPACE acquires real-time software developer Intempora
    Germany-based dSPACE has acquired real-time software developer Intempora, the Germany-based company said in a press release on 9 July. France-based Intempora has over 20 years of expertise in providing advanced software solutions for automotive industry. The company offers RTMAPS, a modular tool kit...
    M&A: French automotive supplier Delfingen to buy Schlemmer’s activities in Europe/Africa
    Delfingen has entered into a negotiation for the acquisition of Schlemmer’s business activities in Europe/Africa, the company said in a press release on 17 July. The acquisition would give Delfingen acccess to five factories in Germany, Romania, Russia, Morocco, and Tunisia which will have 1000 em...
    M&A: STMicroelectronics to acquire UWB specialist BeSpoon and cellular IoT connectivity assets of Riot Micro
    STMicroelectronics (ST) has announced two acquisitions to strengthen the wireless connectivity capabilities of its STM32 microcontrollers (MCUs), the company said in a press release on 16 July. ST has reached an agreement to acquire the entire share capital of BeSpoon, a France-based company special...
    Mullen Technologies raises funding to acquire EV manufacturing plant in the US
    Mullen Technologies has signed a letter of intent with Axiom Financial to raise USD135 million to acquire an electric vehicle (EV) manufacturing plant in the United States, the company announced in a press release on 13 July. The company expects to begin production by 2022 and enter the electric spo...
    FCAꟷGroupe PSA merged entity will be named ‘Stellantis’
    Groupe PSA and Fiat Chrysler Automobile (FCA) have announced that the name of the entity that will be created when the two companies merge will be ‘Stellantis’. In a press release issued by Groupe PSA dated 15 July, the company revealed the name in a step toward the planned merger that was ...
    M&A: Fisker Inc to go public through merger with Spartan Energy Acquisition
    In a press release dated 13 July, electric vehicle (EV) startup Fisker announced that it is set to list on New York Stock Exchange (NYSE) through merger with Spartan Energy Acquisition Corp, which is a special purpose acquisition company sponsored by an affiliate of Apollo Global Management. The dea...
    M&A: Analog Devices to acquire Maxim Integrated Products in an all-stock transaction
    Analog Devices (ADI) has signed an agreement to acquire Maxim Integrated Products in an all-stock transaction, the company said in a press release on 13 July. Under the agreement, Maxim stockholders will receive 0.630 of ADI stock for each Maxim share at the closing of the transaction. Upon closing,...
    M&A: Austrian supplier ams completes acquisition of Osram
    Austrian sensor specialist ams has announced the successful closing of Germany-based OSRAM Licht AG acquisition, ams said in a press release on 9 July 2020. “The takeover offer has been fully settled today and the offer price paid to the holders of the tendered shares,” according to a compa...
    M&A: LeddarTech buys Israeli sensing software company VayaVision
    Leddartech has acquired sensor fusion and perception software company VayaVision for an undisclosed amount, the company said in a press release on 7 July. VayaVision will become a wholly owned subsidiary of LeddarTech. “The acquisition of VayaVision adds a vital building block by combining thei...
    SPIN-OFF: Motherson Sumi Systems creates new subsidiary for wiring harness business in India
    Indian auto components major Motherson Sumi Systems Ltd. has incorporated on 2 July 2020 a wholly owned subsidiary called ‘Motherson Sumi Wiring India Limited (MSWIL),’ according to a filing with the Bombay Stock Exchange (BSE). The new subsidiary will be the transferee entity into which the dom...
    M&A: Austrian sensor firm ams receives EU approval for Osram acquisition
    Austria-based sensor specialist ams has received unconditional regulatory approval on 6 July from the EU commission for the acquisition of Germany-based Osram Licht AG, ams said in a press release. “The EU regulatory approval constituted the last remaining condition precedent for closing the trans...
    M&A: Daimler to acquire 3% stake in battery maker Farasis
    Daimler has entered into a strategic partnership with mainland Chinese battery maker Farasis Energy, including a stake acquisition, Daimler announced in a press release today (3 July). Daimler Greater China is investing a multi-million-euro amount as part of Farasis's IPO to acquire a 3% stake. This...
    M&A: Velodyne confirms reverse merger agreement with Graf Industrial
    Velodyne Lidar has entered a definite merger agreement with Graf Industrial, a US-based, publicly traded, special purpose acquisition company (SPAC), the two companies said in a joint press release on 2 July. The proforma market capitalization of the merged company will be around USD1.8 billion. ...
    M&A: Faurecia acquires Canadian startup IRYStec to enhance in-vehicle user experience
    Faurecia has acquired Canadian startup IRYStec Software to enhance user experience of cockpit display systems, the company said in a press release on 1 July. IRYStec has developed a software platform using perception and physiology to optimize user experience of display systems. The software platfor...
    M&A: Recticel completes divestment of Automotive Interior business
    Recticel has completed the previously-announced divestment of its Automotive Interior division, the company said in a press release on 1 July. The Belgium-based company has also divested its 50% stake in joint venture (JV) company Eurofoam Flexible Foam to JV partner Greiner AG. Recticel generated n...
    M&A: Delphi Technologies’ shareholders approve acquisition by BorgWarner
    Delphi Technologies PLC announced during a special meeting of its shareholders conducted on 25 June, the planned acquisition of the company by American powertrain components manufacturer, BorgWarner, has been approved by the majority of Delphi’s shareholders. The two companies are working ...
    M&A: Amazon acquires autonomous driving startup Zoox
    Amazon has signed an agreement to acquire Zoox, a US-based startup developing autonomous driving technology for ride-hailing services, the company said in a press release on 26 June. The completion of the deal is subject to customary closing conditions. The two companies did not disclose the financi...
    M&A: Siemens acquires analytics solutions firm UltraSoC
    Siemens has signed an agreement to acquire UltraSoC Technologies, the company said in a press release on 23 June. Financial details of the deal were not disclosed. The rationale behind the acquisition is that it will enable a unified data-driven infrastructure to improve product quality, safety a...
    JOINT VENTURE: Adient modifies divestment agreement with Chinese partner Yanfeng Automotive
    Adient has agreed to modify its previously announced definitive agreement with Yanfeng Automotive Trim System for the sale of its 30% stake in YAFAI, the company said in a press release on 24 June. The US-based seating supplier will now receive USD369 million for selling its stake in YFAI, USD10 mil...
    M&A: EU opens in-depth investigation into PSA-FCA merger
    The European Commission (the Commission) has opened an in-depth investigation into the proposed merger of PSA and FCA under the European Union (EU) Merger Regulation, the Commission said in a press release on 17 June 2020. The Commission expressed concerned that the proposed transaction may reduce c...
    M&A: Facebook acquires mapping startup Mapillary
    Facebook has acquired Sweden-based crowdsourcing mapping startup Mapillary, Jan Erik Solem, cofounder and CEO of Mapillary confirmed in a company blog post on their website on 18 June. Founded in 2013, Mapillary is building a street-level imagery platform that allows everyone to get the imagery...
    Evergrande acquires remaining shares of NEVS
    Evergrande has acquired the remaining 17.6% stake in all-electric Swedish startup NEVS, the company announced in a press release on 10 June. Evergrande Health Industry Group has paid National Modern USD379.5 million. The acquisition was completed on 12 June 2020. Following the acquisition, NEVS has ...
    Mitsubishi Electric to acquire Sharp’s factory in Japan to expand power device business
    Mitsubishi Electric has announced that it will acquire a plant in Fukuyama, Hiroshima Prefecture in Japan from Sharp Fukuyama Semiconductor, a wholly owned subsidiary of Sharp Corporation, a company press release on 11 June read. Mitsubishi will process wafers in the plant, used for the manufacture ...
    Ascend Performance Materials acquires assets of two materials company in mainland China
    Ascend Performance Materials, an integrated producer of polyamide 66 resin, has signed an agreement to acquire the assets of NCM (Changshu) Co., Ltd., and Tehe Engineering Plastic (Suzhou) Co., Ltd., located in Changshu Yushan High-tech Industrial Park in mainland China, according to a company press...
    M&A: Minda Industries’ planned merger of four subsidiaries gets court approval
    Minda Industries’ planned merger of four subsidiaries receives court approval, the company said in a regulatory filing on 2 June. The company has informed that the National Company Law Tribunal (NCLT), Special Bench, New Delhi, has made the pronouncement of the order on 1 June 2020, sanctioned the...
    M&A: Mitsubishi, NTT complete joint acquisition of 30% stake in HERE Technologies
    HERE Technologies has announced that Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation (NTT) have completed a joint acquisition of a 30% stake in the company, according to a press release on 2 June. The investment was made via the two companies’ jointly owned COCO Tech Holdi...
    M&A: Knorr-Bremse completes acquisition of R.H. Sheppard Co.
    Knorr-Bremse has completed the acquisition of R.H. Sheppard from WABCO Holdings Inc., United States, which sold Sheppard in connection with the acquisition of WABCO by ZF Friedrichshafen AG, Knorr-Bremse announced in a press release on 2 June. Bendix Commercial Vehicle Systems LLC, a North America...
    Volkswagen ups stake in JAC Volkswagen, acquires 26% stake in battery maker Gotion High-Tech
    In a press release dated 29 May, Volkswagen has confirmed that it has increased its stake in its joint venture (JV) JAC Motors, JAC Volkswagen, from 50% to 75%. The company has also acquired 50% in JAG, the parent company of the Volkswagen partner JAC. Volkswagen has invested EUR1 billion toward&nbs...
    M&A: ZF completes acquisition of WABCO
    German automotive supplier ZF Friedrichshafen AG has announced that it has completed the acquisition of WABCO, a US automotive components manufacturer. According to a press statement issued by ZF on 29 May, the company has received all required regulatory approvals and has commenced the integration ...
    M&A: Indian regulator approves merger of Takata India with KSS Abhishek Safety Systems
    The Chennai division bench of the National Company Law Tribunal (NCLT) has approved the merger of India-based KSS Abhishek Safety Systems (KSSA) with Takata India, according to a report by ET Auto on 30 May. The new amalgamated entity will be called Joyson Anand Abhishek Safety Systems (JAASS). All ...
    Volkswagen in talks to invest in two EV companies in mainland China
    Volkswagen is planning to invest in two electric vehicle (EV) companies in mainland China and is already in the last stages of the talk, Reuters reported on 27 May citing sources. Volkswagen is planning to buy a 50% stake in Anhui Jianghuai Automobile Group Holding for CNY3.5 billion (USD490 million...
    Amazon in talks to acquire autonomous vehicle startup Zoox
    Amazon.com Inc. is in advanced talks to acquire autonomous vehicle startup Zoox Inc., according to a report by Wall Street Journal (WSJ) on 26 May. The two companies are discussing a deal that would value Zoox at less than the USD3.2 billion, a level attained after its last funding round in 2018, WS...
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