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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    Schneider Electric acquires EV Connect
    Schneider Electric has acquired electric vehicle (EV) charging solution provider EV Connect for an undisclosed sum, according to a company press release on 21 June. Following the deal, CEO and founder Jordan Ramer will continue to lead EV Connect's operations as a distinct subsidiary along with the ...
    Meta Materials acquires nanocomposites specialist Optodot for USD48 million
    Canadian nanotechnology research company Meta Materials announced via press release on 17 June that it had signed a definitive agreement to acquire the assets and intellectual property (IP) of American nanocomposites company Optodot. The USD48.5 million acquisition amount comprises of USD3.5 mill...
    Solera bids USD443 million to acquire Australian automotive software company Infomedia
    Solera has bid AUD638.8 million (USD443 million) for Australian automotive software company Infomedia, Reuters reported on 20 June. Being the third company to make a bid, Solera’s AUD1.70 per share in cash offer is lower than Battery Ventures' AUD1.75 per share offer and at par with TA Associates-...
    Blink Charging acquires SemaConnect for USD200 million
    Blink Charging Company, one of the leading providers of electric vehicle (EV) charging networks in the United States, has signed a definitive agreement to acquire SemaConnect, Inc., a Maryland, US–based EV infrastructure company, for USD200 million, Blink said on 14 June 2022. The acquisition o...
    Inventronics to acquire ams OSRAM’s Digital Systems business in Europe, Asia
    Hangzhou-based Inventronics has announced via press release on 15 June that it concluded an agreement to acquire ams OSRAM’s Digital Systems business in Europe and Asia.   Dr. Gernot Steinlesberger, Head of OSRAM Digital Systems Europe and Asia, said, “We look forward to joining the Inve...
    GM’s BrightDrop acquires technology startup Marain’s AI software to help customer fleet operations
    BrightDrop has entered into an agreement with Marain, a California-based technology startup, to purchase its fleet optimization software, according to a press release on 10 June 2022. BrightDrop will include Marain's artificial intelligence-powered fleet optimization software into its ecosystem of l...
    Siemens acquires minority stake in wireless charging technology company WiTriCity
    German technology company focused on industry, infrastructure, and transport Siemens AG has acquired a minority stake in US-based wireless electric vehicle (EV) charging technology company WiTriCity, Siemens announced on 8 June 2022. It said that it has invested USD25 million in WriTriCity with...
    Renesas to acquire Reality Analytics to enhance endpoint AI capability
    Renesas Electronics Corporation has announced it has entered into a definitive agreement to acquire Reality Analytics, Inc. (Reality AI), in an all-cash transaction, according to a press release published Renesas on 9 June.   Hidetoshi Shibata, president and CEO of Renesas, said, “The impo...
    Japanese oil company Eneos to buy 6,100 EV chargers operated by NEC Corporation
    Japanese oil company Eneos has acquired the rights to operate about 4,600 electric vehicle (EV) chargers located across commercial facilities from electronics company NEC Corporation, a report published by the Japan-based newspaper The Asahi Shimbun said on 7 June 2022, citing the company announceme...
    MinRes acquires 25% interest in MQR’s Australian West Spargoville lithium project
    Australian mining company Marquee Resources (MQR) announced via press release on 2 June that it had entered into a partnership with Mineral Resources Limited (MinRes) regarding the rights to its West Spargoville lithium project (WSP) in Western Australia. According to the press release, the agree...
    Shell Malaysia to acquire 50% stake in ParkEasy operator Pixelbyte
    Shell Malaysia has announced a deal to acquire 50% shareholding in Pixelbyte, the company operating ParkEasy, according to a company press release on 3 June. ParkEasy is a mobile application software helping drivers park and offer a pre-booked slot for EV Charging. “Decarbonising Mobility and e...
    Lanxess and Advent to acquire DSM’s Engineering Materials business for USD4 billion
    German specialty chemicals company Lanxess announced via press release on 31 May that it would be partnering with US private equity investment company Advent to form a engineering polymers joint venture (JV) company that will acquire Dutch Corporation DSM’s Engineering Materials business. Accor...
    Tata Motors acquires Ford’s Sanand factory in Gujarat, India to expand production
    Indian automaker Tata Motors’ subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a tripartite memorandum of understanding (MoU) with Ford India Pvt Ltd (FIPL) and the Government of Gujarat for acquiring the latter’s passenger vehicle manufacturing plant in Sanand, Gujarat, news p...
    EV Metals Group acquires Johnson Matthey’s battery materials business, CAMX cathode license for USD63 million
    UK specialty chemicals company Johnson Matthey (JM) announced via a press release on 26 May that it had sold the bulk of its Battery Materials business to Australian materials company EV Metals Group for USD63 million (GBP50 million) in cash. According to the press release, the sale includes: ...
    Britishvolt acquires German battery cell technology company EAS
    Battery cell technology company Britishvolt has signed a sale and purchase agreement with the Monbat Group, which is one of Europe’s leading battery solutions companies, to acquire its subsidiary EAS, Britishvolt announced on 24 May 2022. The agreement values EAS, which is a Nordhausen, Germany-ba...
    Nano One signs binding agreement to acquire Johnson Matthey Battery Materials Canada
    Canadian battery materials company Nano One Materials Corporation has signed a binding agreement to acquire Johnson Matthey Canadian entity, Johnson Matthey Battery Materials (JMBM Canada) for about CAD10.25 million (close to USD8 million), the London-based multinational company said on 25 May 2022....
    ABB acquires controlling stake in Indian EV charging platform Numocity
    Zurich-based power equipment company ABB has agreed to acquire a controlling stake in India’s Numocity, a leading startup that has developed digital platform for electric vehicle charging, ABB announced on 25 May 2022. Interestingly, ABB plans to increase its shareholding to a controlling majority...
    Austrian supplier Miba acquires majority stake in battery maker Voltlabor
    Austrian supplier Miba has acquired a majority stake in the Mühlviertel-based battery specialist Voltlabor, the company said on 23 May 2022. The newly acquired company will be known as Miba Battery Systems, it added. Voltlabor is known for developing and producing battery systems for a wide rang...
    Leoni sells automotive cable solutions business group to STARK Corporation
    German automotive wires, cables and wiring system supplier Leoni has signed an agreement with STARK Corporation, a wire and cable supplier headquartered in Bangkok to sell its business group automotive cable solutions, according to an official press release on 23 May 2022. In the fiscal year 2021...
    ATC Drivetrain acquires Michigan-based Global Battery Solutions
    Michigan-based ATC Drivetrain, which is a leading independent global remanufacturer of automotive powertrain and drivetrain systems, has acquired Global Battery Solutions (GBS), a supplier of battery life-cycle management and EV component services, the company said on 18 May 2022. Global Battery ...
    Lear to acquire seating climate control specialist I.G. Bauerhin
    Lear Corporation has announced via press release that it entered into a definitive agreement to acquire seating climate control specialist I.G. Bauerhin (IGB) for EUR140 million (USD147.49 million), according to a press release published by Lear Corporation on 20 May.   Lear President and CE...
    Indian supplier Endurance Technologies acquires BMS company Maxwell Energy Systems
    India-based tier-1 automotive component supplier Endurance Technologies has entered into an agreement with ION Energy Inc. (ION) for acquisition of 100% stake in Maxwell Energy Systems Private Limited, the company said in a regulatory announcement on 18 May 2022. Maxwell Energy Systems, ION'S advanc...
    Lear Corporation acquires seating materials company Thagora Technology
    Lear Corporation has announced its acquisition of Romania-based seating materials specialist Thagora Technology SRL, according to a press release published by Lear Corporation on 19 May.   Frank Orsini, Lear executive vice president and president, Seating, said, “Thagora offers L...
    Antin infrastructure to invest in European EV charging points operator Power Dot
    Antin Infrastructure Partners has announced that it signed an investment agreement with Power Dot, Arié Group and other current shareholders to acquire a controlling stake in electric vehicle (EV) charging operator Power Dot, according to a press release published by Antin on 18 May. Nicolas Mal...
    Steel Dynamics acquires Mexican recycling company ROCA
    US steel manufacturer Steel Dynamics announced via press release on 16 May that it had entered into a definitive agreement to acquire Mexican ferrous and nonferrous scrap metals recycling company ROCA. According to the press release, the acquisition will allow Steel Dynamics to acquire 4 scrap pr...
    Northern Graphite acquires natural graphite mines in Quebec and Namibia
    North American mining company Northern Graphite announced via press release on 2 May that it had closed its acquisition of the Lac des Iles graphite mine (“LDI”) in Quebec and the Okanjande graphite deposit/Okorusu processing plant in Namibia. According to the press release, the company purch...
    Gentherm to acquire Alfmeier’s automotive seating business
    Gentherm has announced via press release on 4 May it entered into a definitive purchase agreement to acquire automotive seating business of Alfmeier Präzision SE (Alfmeier) for EUR177.5 million (USD186.69 million). Gentherm expects to achieve around USD10 million in annual run-rate cost savings ...
    Plastic Omnium acquires Varroc’s automotive lighting business
    Plastic Omnium has acquired Varroc’s automotive lighting business, Varroc Lighting Systems (VLS) for EUR600 million (USD635.43 million), according to a press release published by Plastic Omnium on 29 April. The transaction includes 100% ownership of VLS’ companies in Europe, Americas, and Nor...
    Blink Charging acquires UK’s EB Charging, consolidates global footprint
    US-based electric vehicle (EV) charging network provider Blink Charging Company announced on 26 April 2022 that its wholly owned subsidiary in Europe, Blink Holdings BV, has acquired UK’s Electric Blue Ltd. (also known as EB Charging). EB Charging is a provider of integrated EV charging and sus...
    Prospect sells stake in Arcadia lithium project to battery materials producer Huayou
    Australian battery minerals company Prospect Resources announced via press release on 20 April that it had sold its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of mainland Chinese lithium-ion (Li-ion) battery materials producer Zhejiang Huayou Cobalt. According to the ...
    ArcelorMittal acquires 80% stake in Voestalpine’s USD1billion steel pre-material plant in Texas
    Luxembourg-based steel company ArcelorMittal announced via press release on 14 April that it had signed an agreement to acquire an 80% shareholding in Austrian steel manufacturer voestalpine’s Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas, US. According to the press release, ...
    Bosch to acquire self-driving startup FIVE to advance software development for autonomous driving
    Bosch has announced that the company has signed an agreement at the beginning of April to acquire self-driving car startup Five to strengthen its software development for automated driving systems, according to Bosch’s press release on 12 April 2022. The company has not disclosed the financial det...
    Automotive software company CARIAD acquires mobility startup Voya
    Volkswagen’s software unit CARIAD has acquired travel technology startup Voya, it said in a press release on 1 April. Financial details of the deal were not disclosed. Voya offers a digital end-to-end platform that companies can use for the entire business trip process. Significance: CARIAD is ...
    Volkswagen unit CARIAD to acquire Intenta’s automotive division
    Volkswagen’s software unit CARIAD is set to acquire the automotive division of Intenta, it said in a press release on 8 April. The unit will take in more than 100 employees working on sensor data fusion. The acquisition is expected to be completed toward the end of 2022. “Our goal is to ...
    Kongsberg Automotive concludes sale light duty cables business to Suprajit Engineering
    Kongsberg Automotive has completed the sale of its Light Duty Cables (LDC) business unit to line cable manufacturer, Suprajit Engineering Limited, according to a press release on 6 April 2022. In October 2021, Kongsberg Automotive and Suprajit entered into a definitive agreement, and the deal closed...
    Qualcomm completes acquisition of Arriver business from SSW Partners
    Qualcomm Technologies has completed the acquisition of Arriver from US-based investment partnership SSW Partners, according to Qualcomm’s official press release on 4 April 2022. The company said that the acquisition would enhance Qualcomm Technologies’ ability to deliver open, fully integrated, ...
    PPG acquires Italian powder coatings company Arsonsisi
    US specialty chemicals company PPG announced via press release on 1 April that it had completed its acquisition of Italian powder coatings manufacturing business, Arsonsisi. According to the press release, PPG will gain a highly automated, small- and large-batch capable, powder manufacturing plan...
    NI gains EV testing capability by acquiring Kratzer Automation’s systems testing business
    US automated test equipment company NI announced via press release on 31 March that it had entered into a definitive agreement to acquire Kratzer Automation’s systems testing business to strengthen its electric vehicle (EV) testing capabilities. Through the acquisition, NI will be able to test ...
    BorgWarner concludes acquisition of China’s Santroll Automotive Components
    Michigan-based global supplier of powertrain technologies and electric mobility solutions BorgWarner has completed its acquisition of China’s Santroll Automotive Components, the company updated on 1 April 2022. Notably, Santroll Automotive Components is a unit of Santroll’s eMotor business, w...
    SSW Partners completes acquisition of auto part supplier Veoneer
    The US-based investment partnership SSW Partners has concluded the acquisition of automotive parts supplier Veoneer for USD37 per share in an all-cash transaction of USD4.6 billion worth of equity, according to a press release on 1 April 2022. Veoneer's Arriver company is expected to be sold to Q...
    Ascend Performance acquires Indian engineering plastics manufacturer Formulated Polymers
    US synthetics manufacturing company Ascend Performance Materials announced via press release on 29 March that it had reached an agreement to acquire the compounding division of Indian engineered materials producer Formulated Polymers Limited (FPL). According to the press release, the deal, intend...
    Linamar takes over GF’s 50% share in US die-casting JV
    Canadian manufacturing company Linamar Corporation announced via press release on 31 March that it will be acquiring GF Casting Solution’s (GF) 50% interest in their joint venture, GF Linamar LLC, located in Mills River, North Carolina. According to the press release, Linamar will now assume 10...
    Plastic Omnium to acquire ACTIA Power, invests USD22 million in battery startup Verkor
    French automotive supplier Plastic Omnium announced on 29 March 2022 that it has entered into exclusive negotiations with ACTIA Group to acquire its ACTIA Power division, which specializes in the design and production of batteries, power electronics and electrification systems for electric vehicles ...
    SEMIKRON, Danfoss Silicon Power merger to focus on power electronics business
    SEMIKRON and Danfoss Silicon Power have announced a merger to form a Power Electronics business focused on power semiconductor modules. The company said that electricity will be the most essential energy source in the future. All power electronic solutions are built around the power semiconductor...
    Luokung Technology acquires big data company Beijing Hongda Jiutong in China
    Luokung Technology, a leading Spatial-Temporal intelligent big data services company and provider of interactive location-based services and High Definition (HD) maps in China, announced the signing of an agreement to acquire Beijing Zhong Chuan Shi Xun Technology Limited, according to a press relea...
    Otonomo to acquire connected insurance tech firm The Floow
    Otonomo Technologies has announced an agreement to acquire The Floow in a cash and stock deal worth about USD69 million, including a performance based earnout of up to USD37.5 million, a company press release dated 28 February read. The Floow offers Software-as-a-service (SaaS) for connect...
    Indian supplier Minda Industries acquires 100% stake in Harita Fehrer
    Indian automotive supplier Minda Corporation Ltd has acquired the remaining 49% equity stake in Harita Fehrer from F.S. Fehrer Automotive GmbH, the company said in a regulatory filing on 25 March. The transaction enables Minda Corp. to hold 100% stake of Harita Fehrer Ltd. Minda Industries thoug...
    Plastic Omnium to acquire ams Osram's automotive lighting business
    Plastic Omnium has announced the acquisition of lighting specialist ams Osram’s Automotive Lighting Systems GmbH (AMLS) business unit for EUR65 million (USD71.39 million), according to a press release published by ams Osram on 25 March. ams Osram will continue to supply automotive light emittin...
    Aequita acquires ZF's Electronic Interfaces product line
    Germany-based Aequita has concluded an agreement to acquire ZF’s Electronic Interfaces product line to further strengthen its portfolio, the company announced in a press release on 21 March. Commenting on the deal, Thomas Buda, head of the Electronic Interfaces product line, said, "Aequita...
    Bridgestone makes minority investment in autonomous driving startup May Mobility
    Bridgestone has made a minority investment in May Mobility, it said in a press release on 21 March. Through the partnership Bridgestone will integrate its digital and predictive tire-centric technologies into May Mobility autonomous vehicles for enhancing intelligence and safety. The financial detai...
    Luminar acquires high-performance laser manufacturer Freedom Photonics
    The US-based Luminar Technologies is acquiring high-performance laser manufacturer Freedom Photonics, according to an official press release on 21 March 2022. With this acquisition, Luminar now has access to next-generation chip-scale laser technology, intellectual property, and production capabilit...
    Vector Informatik acquires Gimpel Software
    Germany-based Vector Informatik GmbH has acquired Gimpel Software LLC to expand its strategic testing capabilities, according to a press release published by Vector Informatik on 18 March. The transaction includes the acquisition of 100% of Gimpel Software’s assets. Gimpel Software’s e...
    Solvay to split into two independent publicly traded companies
    Belgian multinational chemical company Solvay announced via press release on 15 March that it was reviewing plans to separate the company into two independent publicly traded companies, EssentialCo and SpecialtyCo, as a means towards sharping strategic focus. According to the press release, the m...
    Applied Intuition acquires vehicle dynamics simulation software provider Mechanical Simulation
    Applied Intuition has announced the acquisition of Mechanical Simulation Corporation, a company press release on 14 March read. Mechanical Simulation provides vehicle dynamics simulation software and is known for its flagship product, CarSim. The companies did not disclose the deal consideration. ...
    India’s Reliance New Energy acquires LFP battery company Lithium Werks
    Reliance New Energy Limited, which is a wholly owned subsidiary of Indian conglomerate Reliance Industries Ltd, has signed definitive agreements to acquire all the assets of lithium iron phosphate (LFP) battery maker Lithium Werks BV for USD61 million, Reliance said in a regulatory filing on 14 Marc...
    BorgWarner to acquire China’s Santroll Automotive Components for over USD220 million
    Michigan-based global supplier of powertrain technologies and electric mobility solutions BorgWarner has signed an equity transfer agreement with China’s Santroll Electric Auto and Santroll Automotive Components to acquire Santroll Automotive Components for CNY1.4 billion (USD220.65 million), the ...
    The Compound Company acquires Exxcelor Polymers from ESSO Deutschland GmbH
    The Compound Company announced the acquisition of Exxelor polymer resins from ESSO Deutschland GmbH, ExxonMobil in Cologne, Germany, according to a press release published by The Compound Company on 1 March. The transaction include production site, product portfolio, and existing customer base of Ex...
    Warburg Pincus acquires majority stake in India-based Imperial Auto
    Stone Plant Investments B.V., an affiliate of Warburg Pincus acquired a majority stake in Imperial Auto Industries Limited, according to a press release published by Warburg Pincus on 8 March. Mr. Tarun Lamba, managing director and CEO, Imperial, said, “This is a very interesting time in the au...
    Volex acquires majority stakes in Yantra Technologies
    Volex acquires 51% stake in inYantra Technologies Pvt Ltd. for USD13 million, according to a press release published by Volex on 7 March. The transaction includes purchase of land and the operational buildings used by inYantra, in Pune, India.   Nat Rothschild, executive chairman of Volex, s...
    ABC Technologies completes acquisition of Karl Etzel GmbH
    ABC Technologies completes previously announced acquisition of Karl Etzel GmbH from the Schürrle family for around USD95 million, according to a press release published by ABC Technologies on 4 March. Significance: ABC technologies through the acquisition will leverage Etzel’s knowhow in injec...
    AMD completes acquisition of Xilinx Semiconductor
    AMD completes the acquisition of Xilinx Semiconductors in an all-stock transaction that was announced on 27 October 2020, according to a press release published by AMD on 14 February 2022. The transaction creates a powerhouse that enables AMD with a significantly strong foothold. Dr Lisa Su,...
    KYOCERA AVX Components acquires ROHM Semiconductor’s business
    KYOCERA AVX acquires ROHM Semiconductor’s tantalum and polymer capacitor business assets, according to a press release published by GlobeNewsWire on 4 March. The transfer of assets is scheduled to be executed on 5 August 2022. Johnny Sarvis, CEO, KYOCERA AVX, said, “KYOCERA AVX is excite...
    Gauzy raises USD60 million in Series D funding and announces acquisition of Vision Systems
    Israeli nanotechnology and electrical systems company Gauzy acquires Vision Systems following a successful USD60 million Series D investment round, according to a press release published by Gauzy on 8 February. The new merger will enable Gauzy to leverage on Vision Systems’ cockpit shading solutio...
    onsemi divests semiconductor wafer manufacturing facility
    onsemi signed a definitive agreement with Diodes Incorporated on the divestiture of its Maine fab, according to a press release published by onsemi on 28 February. The company previously closed on the sale of its wafer fabrication facility in Oudenaarde, Belgium.   Hassane El-Khoury, preside...
    ABC Technologies completes acquisition of dlhBOWLES
    ABC Technologies completes the previously announced acquisition of dlhBOWLES from Morgenthaler Private Equity (MPE) Partners for cash consideration of around USD255 million, according to a press release published by ABC Technologies on 1 March.    Significance: Technical plastics and li...
    Lear completes acquisition of Kongsberg Automotive’s ICS business unit
    Kongsberg Automotive (KA) announces completion of sale of its Interior Comfort Systems (ICS) business unit to Lear Corporation, following European Commission’s approval on 25 February 2022, according to a press release published by Kongsberg Automotive on 28 February.    Joerg Buchhei...
    Bosch acquires map specialist Atlatec
    Bosch has announced the acquisition of Atlatec GmbH, it said in a press release on 24 February. Atlatec will become part of the Bosch Cross-Domain Computing Solutions division as an independently operated company. The consideration for the deal was not disclosed. “The planned acquisition of Atl...
    Volkswagen in talks to acquire Huawei's autonomous driving unit
    Volkswagen is reportedly in talks with mainland Chinese technology company Huawei to acquire its autonomous driving unit for billions of euros, Reuters reported on 17 February, citing Manager Magazin. According to the report, company executives have been negotiating the deal for several months no...
    Apollo Global Management acquires Tenneco for USD7.1 billion
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced via press release on 23 February that it had entered into a definitive agreement to be acquired by New York–based global asset management firm Apollo Funds in an all-cash transaction valu...
    Cummins acquires commercial vehicle supplier Meritor for USD3.7 billion
    US automotive powertrain manufacturing company Cummins announced via press release on 22 February that it would be acquiring Michigan-based commercial vehicle systems manufacturer Meritor for USD3.7 billion in a cash and assumed debt deal. According to the press release, Cummins will pay USD36.5 ...
    Nippon Steel acquires Thai steel companies G Steel and GJ Steel
    Japanese steel company Nippon Steel Corporation announced via press release on 21 January that it had decided to enter into a share purchase agreement to acquire 49.99% shares and 49.90% shares in Thai steel companies G Steel Public Company Limited and G J Steel Public Company Limited respectiv...
    Celanese acquires majority share in DuPont’s Mobility & Materials business
    Global chemical and specialty materials company, Celanese Corporation announced the signing of a definitive agreement to acquire most of the Mobility & Materials (M&M) business of DuPont for USD11 billion in, according to a company press release on 18 February. Lori Ryerkerk, chairman and...
    Intel acquires Tower Semiconductor for USD5.4 billion
    Intel Corporation acquires Tower Semiconductor representing total enterprise value of approximately USD5.4 billion, the company announced in a press release on 15 February. Dr. Randhir Thakur, president of Intel Foundry Services, said, “We are thrilled to welcome the Tower team to Intel. Their ...
    Spinny acquires Indian connected car startup Scouto
    Spinny, a pre-owned car retailing platform has acquired a 100 percent stake in artificial intelligence-powered connected car startup Scouto, Business line reported on 10 February. The consideration was not mentioned. “As part of the acquisition, Scouto’s founders will become an integral part ...
    HARMAN acquires automotive technology company Apostera
    HARMAN International has acquired Apostera, a Germany-based automotive technology company, the Samsung unit said in a press release on 10 February. The acquisition will boost HARMAN’s automotive product offerings and position due to Apostera’s augmented reality (AR) and mixed reality (MR) softwa...
    ABB acquires controlling stake in US-based EV infrastructure startup InCharge Energy
    Zurich-headquartered electrification and automation technology company ABB has acquired a controlling stake in US-based EV charging infrastructure startup InCharge Energy, the company said on 27 January. ABB said that that the addition of InCharge Energy will strengthen its ‘E-mobility’ div...
    Bosch India to acquire 14% stake in connected mobility startup Zeliot
    Bosch India is set to acquire a 14% stake in connected mobility solutions startup Zeliot, the supplier said in a press release on 9 February. The transaction is worth around INR40 million (USD0.53 million) in an all-cash consideration. The company expects to complete the transaction by April 2022. ...
    Faurecia's and HELLA’s combined group to be known as Forvia
    The combined company from the merger between Faurecia and HELLA will be known as Forvia, and will be the seventh largest automotive supplier in the world, the company announced in a press release on 7 February. The new brand reflects both the companies’ evolving innovation and ...
    Solera to acquire connected vehicle intelligence firm Spireon
    Solera has announced that the company has signed a definitive agreement to acquire Spireon, according to a company press release dated 1 February. Solera will acquire the telematics and connected vehicle intelligence company from Greenbriar Equity Fund IV, L.P. “This acquisition is strategicall...
    Westlake acquires Hexion’s epoxy business for USD1.2 billion
    Westlake Chemical Corporation acquires Hexion’s global epoxy business for USD1.2 billion in an all-cash transaction, the company announced in a press release on 2 February.  The epoxy business to be branded as Westlake Epoxy.    Westlake President and Chief Executive Officer Albe...
    SABIC acquires 50% stake in specialty chemicals company Clariant
    SABIC purchases Clariant’s 50% stake for USD130 million in specialties company Scientific Design, which is currently a 50/50 joint venture (JV) with SABIC, the company announced in a press release on 2 February. SABIC Vice Chairman and CEO, Yousef Al-Benyan said, “Catalysts are the found...
    Faurecia completes acquisition of lighting and electronics supplier HELLA
    Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the...
    ABC technologies announces acquisition of Karl Etzel GmbH
    ABC Technologies Holdings announced a definitive agreement to acquire Karl Etzel GmbH from the Schürrle family for around USD95 million, the company said in a press release on 21 January. Etzel entails a strong foothold as a leading tier-1 and tier-2 supplier to luxury German OEM.    T...
    Hanwha Solutions acquires part of wireless module business from Samsung Electro-Mechanics
    Hanwha Solutions announced on 30 December that it signed an agreement with Samsung Electro-Mechanics to acquire its wireless module business unit responsible for manufacturing Wi-Fi and 5G mmWave antenna modules by using organic substrate, the company said in a press release on 4 January. According ...
    ABC Technologies enters into a definitive agreement to acquire dlhBOWLES from MPE Partners
    ABC Technologies announced that it had entered into a definitive agreement to acquire dlhBOWLES from Morgenthaler Private Equity (MPE Partners) for around USD255 million, the company said in a press release on 6 January.   Todd Sheppelman, president and CEO of ABC Technologies, said, ...
    CCL Industries acquires McGavigan Holdings
    CCL Industries announces acquisition of automotive interior company McGavigan Holdings, a supplier of in-mould decorated components for vehicle interior applications. Geoffrey T. Martin, president and CEO of CCL Industries Inc., said, “We have known McGavigan and its key people for many ye...
    Aptiv acquires software company Wind River
    Aptiv has announced a definitive agreement to acquire Wind River from TPG Capital for USD4.3 billion, a company press release dated 11 January read. Aptiv said it would finance the deal, which is expected to close mid-2022, through a combination of cash and debt. The acquisition will enable Aptiv ex...
    BorgWarner sells Mississippi plant to Atar Capital as part of its Charging Forward strategy
    Michigan-based global supplier of powertrain technologies BorgWarner said on 5 January 2022 that the company has sold its Water Valley, Mississippi facility to Atar Capital. The company said that the sale of the said plant is consistent with its accelerated electrification strategy, which it refers ...
    JBM Auto company acquires 51% stake in JBM Green Energy to increase localization of EV batteries, aggregates
    JBM Auto Limited, one of the leading vehicle manufacturers in India, has acquired 51% stake in JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited through its subsidiary JBM Electric Vehicles Private Limited, the company said in a regulatory notification on 10 January 2022...
    JBC Tech acquires Colorado-based Die Cut Technologies
    Ohio-based flexible materials converter JBC Technologies announced via press release on 13 December that it had acquired Die Cut Technologies, an ISO-9001, TS-16940, and MIL-I-45208A certified converter located in Denver, Colorado. According to the press release, the acquisition will expand ...
    India’s Reliance New Energy Solar to acquire sodium-ion battery company Faradion
    Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd., has signed definitive agreements to acquire 100% shareholding in sodium-ion battery technology company Faradion Limited for an enterprise value of GBP100 million (over USD135.2 million), the company said on...
    Bridgestone sells mainland Chinese synthetic tire rubber business to LCY Chemical
    Japanese tire manufacturer Bridgestone Corporation announced via press release on 1 December that the company had completed selling all shares of stock of its mainland Chinese synthetic rubber manufacturing subsidiary Bridgestone (Huizhou) Synthetic Rubber Co., Ltd. (BSRC) to Taiwanese petrochemical...
    ZF increases its stake in Rane TRW to become majority shareholder
    Technology company ZF announced that the company has become a majority shareholder in the joint venture (JV) with TRW, according to a press release by Autocar Professional on 29 December. The JV will now operate under the name ZF Rane Automotive India. Suresh KV, president of ZF India, said, “T...
    Feintool acquires motor parts supplier Kienle + Spiess from Sumitomo Corp
    Swiss fineblanking and lamination stamping company Feintool announced via press release on 7 December that it had acquired German motor core manufacturer Kienle + Spiess from Japanese trading company Sumitomo Corporation. According to the press release, Feintool expects to significantly expa...
    Auto parts supplier Huayu sells stake in JV with Valeo
    Shanghai SIIC Transportation Electric Co., Ltd. (STEC), subsidiary of China’s automotive parts supplier Huayu Automotive Systems Company Limited, agreed for a stake transfer agreement with Valeo International Holdng, the company announced in a statement released by Gasgoo on 28 December. Signif...
    Worthington acquires Tempel for USD255 million
    Ohio metal manufacturing company Worthington announced via a press release on 1 December that its Steel Processing Unit has acquired motor and transformer lamination manufacturer Tempel Steel Company for USD255 million. According to the press release, the acquisition adds five manufacturing ...
    Rio Tinto signs binding agreement to acquire Rincon Mining’s lithium project
    Global metals and mining company Rio Tinto has signed a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining for USD825 million, the company announced on 21 December 2021. Rincon Mining is a company owned by funds managed by the private equity group Sentient Equ...
    ZF acquires stakes in Embotech to enhance operational safety
    According to an official press release dated 16 December, ZF announced a strategic partnership with Swiss-based Embotech, a pioneering developer of decision-making software that supports automated driving systems. The partnership will develop customer-tailored automated solutions to support multiple...
    ZF acquires 5% stake in software startup Apex.AI
    ZF has acquired a 5% stake in the software company Apex.AI, it said in a press release on 14 December. In addition to the financial support, ZF will also develop software solutions based on the Apex.OS meta-operating system. “Based on the Apex.OS, we can offer our customers an additional ZF Mid...
    Continental acquires stake in software specialist Apex.AI
    According to a Business Wire press release dated 14 December, Continental has joined as a strategic investor in Apex.AI, a German-US software specialist. In doing so, the technology company emphasizes the critical importance of intelligent software applications for future vehicle generations. Contin...
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