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    Talking Heads: SAE J3016
    Among the many duties of The Society of Automotive Engineers (SAE International) is to provide a forum for engineers, governments, and other stakeholders to develop technical standards and best practices for the automotive sector. The SAE today houses over 9,900 documents that are the fruits of collaboration between some 15,000 experts and engineers worldwide. Among these standards, perhaps the most referenced and influential today is standard J3016. To most, J3016 is better known as the stan...
    All those in favor of smarter cockpits say AI
    With reports that consumers are starting to push back against the vogue for sleek looking, but frustrating to use, in-vehicle interfaces AI is set to be the vehicle interior designer’s secret weapon. AI could succeed in making more drivers and passengers receptive to their minimalist interiors and could banish buttons forever.  Click the link above to download the whole article.
    Titan Silicon can completely replace graphite from battery anode: Sila Nanotechnologies
    Sila’s anode material plant in Moses Lake, Washington, will produce enough material to serve up to 200,000 electric vehicles in its first phase. With Mercedes-Benz as its first official customer, Sila is working through an early qualification process with other potential customers. Sila’s innovative silicon materials can entirely replace graphite from battery anode. Berdichevsky gives a detailed account of how Sila was formed, the advantages of breakthrough silicon anodes in EV...
    Veoneer completes sale of Active Safety business to Magna
    According to a press release dated June 1, Veoneer has announced the completion of the sale of its Active Safety business to Magna, a mobility-technology company and one of the largest suppliers in the auto industry. The transaction was first announced Dec. 20, 2022. "Today is a great day for all stakeholders of Veoneer's Active Safety business. The combination with Magna will create a leading global supplier for [advanced driver assistance systems, or ADAS] and secure a compelling long-term ...
    In a bid to speed up electrification, Linamar plans to buy three battery factories for a total of $325 million
    On May 30, Linamar Corp. announced reaching a definitive agreement with Dura-Shiloh, a Middleground Capital portfolio company, to acquire its Battery Enclosures business for a total of $325 million in all-cash consideration. The deal includes three factory locations in Alabama, US; Czechia; and North Macedonia. The company said the deal is expected to close during the third quarter of 2023, subject to customary regulatory approval and other closing conditions. All three sites manufacture...
    Ansys plans to acquire Diakopto; expands multiphysics simulation portfolio for semiconductor designers
    According to a press release May 16, Ansys announced that it has entered into a definitive agreement to acquire Diakopto, a differentiated electronic design automation (EDA) solutions provider to accelerate integrated circuit (IC) development. Diakopto focuses on helping resolve critical issues caused by layout parasitics. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second quarter of 2023. It is not expected to have a m...
    Michelin plans to sell its activities in Russia to Power International Tires
    In a press release announcement May 26, Michelin said that it has signed an agreement with Power International Tires for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC. A known partner of Michelin, Power International Tires is one of the main tire distributors in Russia and has a presence throughout the country. The sale of the activities in Russia marks a major step in Michelin’s history, with the Group having been pre...
    Applied Intuition plans to acquire Embark Technology to enhance products for autonomous vehicle development
    Applied Intuition (Applied) and Embark Technology (Embark) announced that the companies have entered into a definitive merger agreement. Under the agreement, Applied will acquire Embark in an all-cash transaction with an equity value of approximately $71 million, according to a press release May 25. Founded in 2016, Embark has built an autonomous-software stack that uses machine-learning methodologies for perception while relying on a safety-redundant compute system. Embark also develope...
    Continental sells tire plant to S8 Capital in Russia
    In a press release announcement dated May 22, Continental has sold its plant in Kaluga, Russia, to Russian company S8 Capital. Continental has divested the majority of its activities in Russia as part of its announced controlled withdrawal from the Russian market. The transaction has been approved by the relevant authorities. Continental produced passenger tires at the plant in Kaluga. Air-conditioning and power steering lines as well as parts for air-suspension systems for the Russian m...
    Siemens to buy Mass-Tech Controls EV business to expand eMobility presence in India
    Eyeing the fast-growing demand for electric vehicle charging infrastructure in India, Siemens Ltd. (Siemens) signed an agreement May 19 to acquire the EV division of Mumbai, India-based Mass-Tech Controls Pvt. Ltd (Mass-Tech Controls). The division is engaged in design, engineering and manufacturing of a wide range of AC chargers, and 30 kW to 300 kW capacity DC chargers for various end applications for EVs. The cost of the acquisition is approximately 380 million Indian...
    Lear completes acquisition of I.G. Bauerhin
    Lear Corp. (Lear) has announced the completion of the acquisition of I.G. Bauerhin GmbH (IGB), according to a company press release April 26. The acquisition was initially announced in May 2022, when Lear had signed a definitive agreement to acquire IGB for €140 million on a cash and debt-free basis. “IGB is the final piece of Lear’s comprehensive strategy to develop and integrate its Thermal Comfort Systems for automotive seating. Lear is the most vertically integrated g...
    Helios Technologies signs definitive agreement to acquire i3 Product Development
    Helios Technologies, a motion-control and electronic-controls technology supplier, has announced an agreement to acquire i3 Product Development (i3), according to a press release on May 4. i3 is a custom engineering services firm specializing in electronics, mechanical, industrial, embedded and software engineering. Additionally, they specialize in working to transform customers’ ideas into industrial design solutions through rapid prototyping and creating 3D models in-house. Significanc...
    Qualcomm to buy Israeli auto-chip maker Autotalks – report
    Qualcomm announced it would buy Israel's Autotalks Ltd., which makes chips used in technology aimed at preventing vehicle crashes, as the US firm looks to deepen its automotive business, said a Reuters report dated May 8. With an increasing number of electric vehicles (EVs) and automatic features in cars, the number of chips used by automakers is surging, making the automotive market a key growth area for chipmakers. Autotalks makes dedicated chips used in the vehicle-to-everyt...
    Yokohama Rubber completes acquisition of Trelleborg Wheel Systems Holding
    In a press release on May 2, Yokohama Rubber announced that it has completed the acquisition of all outstanding shares of Trelleborg Wheel Systems Holding (TWS) from Trelleborg AB, which was previously announced on March 25, 2022. From the second quarter of fiscal 2023, Yokohama Rubber’s consolidated accounts will include TWS, the estimated impact of which is currently under examination. Under Yokohama Transformation 2023 (YX2023), the company's medium-term management strategy ...
    Honda and GS Yuasa plan $3 billion investment to build battery-cell plant in Japan
    Honda Motor and Japanese battery-maker GS Yuasa will set up a joint venture this 2023 and committed an investment of ¥400 billion (about $2.99 billion) to develop and mass-produce cells for electric vehicles (EVs) and homes in Japan, Nikkei Asia reported on April 28. As a first step, the companies will construct a domestic lithium ion (Li-ion) battery factory with a target capacity of 20 GWh or more. Japan's Ministry of Economy, Trade and Industry will provide a roughly ¥150 billion&nb...
    Bosch plans to acquire TSI Semiconductors, invest $1.5 billion to expand US output
    Germany's Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand US production of Silicon Carbide (SiC) chips for electric vehicles (EVs), according to a report published by Reuters on April 26. The acquisition price was not disclosed by Bosch or TSI. Bosch intends to invest $1.5 billion in retooling TSI's chip production facilities in Roseville, Calif., in order to begin manufacturing SiC chips by 2026. According ...
    Samvardhana Motherson Automotive Systems acquires Bolta US
    Samvardhana Motherson Automotive Systems Group has acquired the assets of Alabama-based Bolta US, it said in a press statement on April 18. The acquisition will be done through SMP Automotive Systems Alabama Inc., USA, an indirect wholly owned subsidiary of the company. SMP Alabama has bought $35.7 million worth of fixed assets (including $31.8 million of tangible assets and $3.9 million of intangible assets) and $4.7 million of inventory for around $16 million. Significance: Samvardhana M...
    Kneron acquires OTUS to accelerate autonomous vehicle applications
    Full-stack edge artificial intelligence (AI) company Kneron announced that it has acquired OTUS, a subsidiary of VIVOTEK (a Delta Group company). OTUS is a camera and imaging solutions provider specializing in applications for automotive, virtual reality and other panoramic scenarios. Over the past two years, the company has worked closely with Kneron to jointly commercialize several automotive applications. OTUS provides advanced driver assistance systems (ADAS) and driver monitori...
    Toyota Boshoku announces establishment of Toyota Boshoku Hirose Corp.
    Toyota Boshoku Corp. announced that the company spun off from Aisin Shiroki has been renamed to Toyota Boshoku Hirose Corporation and has become a subsidiary of Toyota Boshoku, according to a company press release on April 4. Toyota Boshoku has acquired 80% of Toyota Boshoku Hirose's shares on April 1. Toyota Boshoku Hirose manufactures automotive seat components. Significance: In June 2022, Toyota Boshoku, Aisin and Shiroki signed a production transfer contract to transfer Shi...
    Autoneum completes acquisition of Borgers Automotive
    Autoneum announced that it has completed the acquisition of the automotive business of Borgers, in a press release dated April 3. The agreement was initially announced in January 2023. Following the acquisition, Autoneum will operate 67 production facilities and employ around 16,100 people in 24 countries. Autoneum also announced its shareholders have approved the creation of a capital band to raise around CHF100 million for the long-term financing of the acquisition. “Borgers Automoti...
    Nanoxplore to purchase Martinrea’s 50% stake in VoltaXplore for US$7.3 million
    NanoXplore and Martinrea International have jointly announced NanoXplore’s purchase of Martinrea Innovation’s 50% equity stake in VoltaXplore joint venture for C$10 million, according to a March 27 press release. Following the acquisition, NanoXplore owns 100% of the equity and intellectual property in VoltaXplore. Martinrea has increased its existing stake in NanoXplore to 22.7% from 21.1%. NanoXplore will seek to finance its battery gigafactory within VoltaXplore. “We have joi...
    DEKRA acquires Onward Security to expand cybersecurity portfolio
    DEKRA announced its acquisition of Onward Security in Taiwan for an undisclosed amount, according to a company press release on March 28. Onward Security, founded in 2014, specializes in cybersecurity compliance solutions to clients in automotive and other markets. “The integration of Onward Security will allow us to broaden our cybersecurity services portfolio and add [research and development, or R&D] capabilities. DEKRA will be able to offer its clients comprehensive soluti...
    Germany’s dSpace makes operational changes for Indian market
    dSPACE is set to acquire DynaFusion and take charge of their distribution network, it said in a press release on March 22. Following the acquisition, the German company will be directly represented in India by a new sales company under the name dSPACE India Solutions Pvt. Ltd. “To this end, we will significantly invest in the local team’s size and expertise. We are very glad to welcome the employees of DynaFusion who are joining dSPACE India. This enables us to provide a smooth transition...
    Renesas to acquire fabless-semiconductor company Panthronics
    Renesas Electronics has entered into a definitive agreement to acquire Panthronics AG, a fabless-semiconductor company, it said in a press release dated March 22. Renesas will acquire Panthronics in an all-cash transaction. Panthronics specializes in high-performance wireless products. The acquisition is expected to close by the end of the calendar year 2023. “Connectivity has been a priority area of ours, expanding and differentiating the realm of solutions we offer. We see tremendous oppo...
    Applied Intuition acquires SceneBox platform to strengthen machine-learning data operations
    Applied Intuition, a simulation and software provider for autonomous vehicle development, has acquired SceneBox, a data management and operations platform, according to a press release on March 21. The core team of Caliber Data Labs, Inc., the creator of SceneBox, will join the Applied team. DLA Piper LLP (US) served as legal counsel to Applied Intuition. Fasken served as legal counsel to Caliber Data Labs. Qasar Younis, co-founder and CEO of Applied Intuition, said, “When we learned of Yas...
    Uno Minda plans to acquire 81.69% stake in Kosei Minda Aluminium, 50% stake in Kosei Minda Mould
    According to a report published by The Economic Times on March 20, Uno Minda said that its board has approved the acquisition of a 81.69% stake in Kosei Minda Aluminium and a 49.90% stake in Kosei Minda Mould from JV partner Kosei, Japan. The move will help the company consolidate its 4-wheel (4W) alloy business. The acquisition is anticipated to take place through a scheme of a merger with Uno Minda Ltd. involving an exchange of shares. According to the statement, the enterprise valu...
    Acsia Technologies buys German automotive software services start-up Arctictern Solutions GmbH
    India’s Acsia Technologies Private Limited, a global automotive software technology and research company, has acquired Arctictern Solutions GmbH, a German automotive software services start-up, according to a report by news agency PTI, dated 11 March. Acsia, which delivers end-to-end solutions and services for automakers and Tier-1 suppliers for software-defined vehicles (SDVs), has acquired the German entity based out of Karlsruhe, Germany, and expects to partner with more carmakers a...
    Hyundai to purchase General Motors plant in India
    Hyundai Motor’s India unit is likely to acquire American automaker General Motors' plant in Talegaon, located in the western state of Maharashtra, India. Both the OEMs have agreed by signing a term sheet for a potential acquisition of the assets related to the plant, Hyundai said in a press release dated 13 March. The term sheet covered the proposed acquisition of land and buildings, and certain machinery and manufacturing equipment at the Talegaon plant. The proposed acquisition is su...
    Hankook acquires 3Secondz technology to develop intelligent tire solutions
    According to a press release by Business Korea on 7 March 2023, Hankook & Company, the holding company of Hankook & Company Group, acquired autonomous driving technology from driving data startup, 3Secondz. In June 2022, 3Secondz introduced an autonomous test driving vehicle that evaluated the traction and durability of tires on the 'Gravel Road,' a harsh condition test driving section of Hankook Technoring, and successfully commercialized autonomous driving technology for harsh ...
    NI acquires SET GmbH to accelerate power semiconductor
    In a press release dated 6 March 2023, NI has announced the acquisition of SET GmbH, a recent innovator in power semiconductor reliability test. Together, the companies will reduce time to market for critical, highly differentiated solutions and accelerate semiconductor-to-transportation supply-chain convergence with power electronic materials such as silicon carbide (SiC) and gallium nitrite (GaN). NI funded this transaction through cash on hand. NI initially disclosed a strategic ...
    Infineon Technologies plans to acquire GaN Systems
    Infineon Technologies and GaN Systems has announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for USD830 million, according to a press release on 2 March 2023. “GaN technology is paving the way for more energy efficient and carbon dioxide (CO2) saving solutions that support decarbonization. Adoption in applications like mobile charging, data center power supplies, residential solar inverters, and onboard chargers for electric vehicle...
    Cambridge Mobile Telematics acquires European telematics company Amodo
    Cambridge Mobile Telematics (CMT) has acquired telematics company Amodo, it said in a press release dated 1 March. The acquisition will give Amodo’s customers access to advanced telematics solutions for driver risk measurement, proactive crash and claims services, and behavioral modification to reduce driving risk. Amodo will be renamed to CMT. “We’re strengthening our European efforts by adding Amodo’s expansive market knowledge and deep relationships, and doubling our team...
    Martinrea International announces acquisition of Effenco Development assets
    Martinrea International, a global automotive supplier engaged in the design, development, and manufacturing of highly engineered, value-added lightweight structures and propulsion systems, has announced the acquisition of the assets of Montreal-based Effenco Development Inc., which were acquired in 2022, according to a press release on 27 February 2023. Effenco is a green-tech business that designs, manufactures and markets technologies for the electrification and connectivity of heavy-duty v...
    indie Semiconductor acquires German ICs specialist Silicon Radar
    US-based indie Semiconductor has acquired Silicon Radar, a Germany-based specialist in advanced system-on-chip (SoC) for automotive radars, the company said in a press release on 22 February. Established in 2006, Silicon Radar supplies high frequency integrated circuits (ICs) for radar solutions, phased-array systems, and wireless communications. The company’s ICs are suitable for 24 GHz to 140GHz radars. “The growing number of radars per vehicle require high-performance and highly integr...
    Cazoo to sell its German subscription business
    UK-based online car retailer, Cazoo has agreed to sell its German subscription business, Cluno GmbH, to ViveLaCar GmbH and The Platform Group GmbH & Co. KG, the company said in a press release dated 17 February. The financial terms of the transaction were not disclosed. The total portfolio includes several thousand cars in the German market. The agreement includes 100% of the capital and voting rights of the company Cluno GmbH and the Cluno brand along with the associated assets. All empl...
    Lumax Auto to acquire majority stake in IAC India
    Lumax Auto Technologies has signed an agreement to acquire majority stake in IAC International Automotive India Pvt. Ltd, from the International Automotive Components Group (IAC Group), it said in a press release on 20 February. The acquisition is valued at INR5.87 billion (USD103.4 million). Following the acquisition, IAC will continue to hold a 25% stake. The remaining 75% stake will be bought through a special acquisition vehicle at INR4.40 billion, which will be paid in cash funded by deb...
    Faurecia plans to sell ‘SAS’ cockpit modules division to Motherson Group
    Faurecia, a company of the FORVIA Group, has received a firm and binding commitment from the Motherson Group to acquire 100% of “SAS” Cockpit Modules division, based on an enterprise value of EUR540 million (USD577 million), according to a press release on 20 February 2023.  The transaction would complement its Modules and Polymer Products portfolio. Patrick Koller, CEO of Faurecia declared, "We have successfully developed and positioned SAS as one of the leading global providers of ...
    indie Semiconductor plans to acquire GEO Semiconductor
    indie Semiconductor has announced it has entered a definitive agreement to purchase GEO Semiconductor, according to a press release on 9 February 2023. Acquisition of GEO, a private fabless semiconductor supplier, adds immediate scale to indie’s image processing program and enables true sensor fusion of radar, lidar, ultrasound, and computer vision solutions in advanced driver assistance systems (ADAS) applications. The transaction is expected to close in the first quarter of 2023, subject ...
    Shell USA acquires Volta Charging for USD169 million
    Shell USA, Inc., a subsidiary of Shell plc, has signed a definitive agreement to acquire 100% stake in EV charging network company Volta Inc. in an all-cash deal valued at approximately USD169 million, Shell announced on 18 January 2023. The acquisition of Volta will give Shell access to its assets such as an existing public EV charging network of over 3,000 charge points at destination sites (shopping centers, grocery stores, pharmacies) across 31 US states and territories, a development pip...
    Volvo completes acquisition of autonomous driving software supplier Zenseact
    According to a report published by Reuters on 31 December 2022, Volvo Car has acquired full ownership of its autonomous driving (AD) software development subsidiary Zenseact. Zenseact became a wholly owned subsidiary of Volvo Cars when the Swedish manufacturer purchased 13.5% of Zenseact's shares from ECARX. According to Volvo Cars, Zenseact will stay in business and continue to run independently. The continuing partnership conversations between Zenseact and ECARX will proceed as scheduled, a...
    TAFE acquires Group Forvia's Indian interior systems business Faurecia
    According to a report published by Business Standard on 30 December 2022, TAFE (Tractors and Farm Equipment Ltd) has acquired the Indian interior business of Group Forvia, Faurecia. Faurecia serves major automotive customers such as Mobis-Kia, Mobis-Hyundai, Volkswagen, FCA and TATA. The agreement includes Faurecia's activities in Tamil Nadu, Andhra Pradesh, and Chakan, Maharashtra. The deal for Chakan and Anantapur is completed, and the one for Tamil Nadu is probably likely to conclude soon....
    Stellantis plans to acquire stake in Faurecia-backed hydrogen mobility company Symbio
    Stellantis has begun exclusive negotiations with Faurecia and Michelin to acquire a significant stake in Symbio, a Faurecia – Michelin joint-venture (JV) company focused on zero-emission hydrogen mobility, the carmaker announced on 23 December 2022. The transaction is expected to be wrapped up in the first half of 2023 and is subject to customary closing conditions, including regulatory approvals, Stellantis said. “Symbio’s technical roadmap perfectly matches with Stellantis’ ...
    Aptiv completes Wind River acquisition
    Aptiv has completed the acquisition of Wind River, it said in a press release on 23 December. The transaction is valued at USD3.5 billion, instead of the initial purchase price of USD4.3 billion agreed to in January 2022. “The automotive industry in particular continues to be transformed by the accelerated shift to software-defined vehicles. Empowering our customers to capitalize on this transition requires not only a next-generation hardware architecture, but also a cloud-native software a...
    ABC Technologies plans to acquire WMG Technologies
    ABC Technologies, a manufacturer and supplier of plastics and lightweighting, has announced that it has entered into a definitive agreement to acquire WMG Technologies (WMGT) from the Bierer family for USD165 million with potential earn-out payments that may become payable upon the achievement of specified profitability targets over the next 24 months, according to a press release on 22 December 2022. The Company plans to withdraw from its Credit Facilities to pay for the Initial Close (as he...
    Stellantis completes acquisition of autonomous driving startup aiMotive
    Stellantis has announced that it has finalized the acquisition of aiMotive, a developer of advanced artificial intelligence and autonomous driving software, according to Stellantis’s press release on 22 December 2022.  “The acquisition of aiMotive will accelerate our journey to become a sustainable mobility tech company and deliver our Dare Forward 2030 goals,” said Yves Bonnefont, Stellantis Chief Software Officer. “Thanks to aiMotive’s world-class expertise, we will enhance o...
    Magna to acquire Veoneer's active safety business
    The automotive technology company Veoneer has announced that it has entered into an agreement with Magna International to acquire Veoneer's Active Safety business from SSW Partners, a New York based investment partnership for USD1.525 billion in cash, subject to working capital and other customary purchase price adjustments, according to a press release on 20 December 2022. Veoneer's expertise in active safety and product portfolio, combined with Magna's Advanced Driver Assistance Systems (AD...
    HELLA officially exits HBPO JV
    HELLA has completed the exit from the joint venture HBPO Beteiligungsgesellschaft, it said in a press release dated 12 December. Following approval from the authorities, 33.33% share in the joint venture has been successfully transferred to the previous coshareholder Plastic Omnium. The purchase price amounts to EUR290 million (USD305 million), with a dividend of about EUR8 million. Significance: The deal was first announced in July this year. Plastic Omnium acquired AMLS on 25 March 2022 to ...
    Cognex acquires Germany-based lighting technology supplier SAC
    Cognex Corporation, a machine vision company has acquired SAC Sirius Advanced Cybernetic, a lighting technology company. The acquisition expands Cognex’s footprint across industries that manufacture at high speed with minimal tolerance for safety-critical failures, such as automotive. Cognex plans to feature SAC’s Trevista products with its Vision Pro software offering. Cognex plans to feature SAC’s Trevista products with its Vision Pro software offering. Founded in 1996 in Karlsruhe, G...
    ArcelorMittal secures supply of scrap steel with acquisition of Dutch recycler Riwald
    Global steelmaking giant ArcelorMittal announced via a press release on 6 December that it had acquired Dutch state-of-the-art ferrous scrap metal recycling business Riwald Recycling. According to the press release, Riwald currently processes 330,000 tons of ferrous scrap metal annually, sourced from OEMs, demolition companies, traders, car dismantling companies, and regional and national governments. The company also uses high-specification technical equipment in the separation of materials ...
    BorgWarner to spin-off Fuel Systems and Aftermarket business into separate company
    Michigan-based global supplier of powertrain technologies, BorgWarner, has announced its intention to execute a tax-free spinoff of its fuel systems and aftermarket segments into a separate, publicly traded company (“NewCo”), according to a press release dated 6 December. “The intended separation supports optimizing our combustion portfolio and advancing our electrification journey while NewCo would be able to pursue growth opportunities in alternative fuels, such as hydrogen, and in Af...
    BorgWarner acquires Switzerland-based Drivetek AG
    Michigan-based global automotive component supplier BorgWarner Inc. has acquired Switzerland-headquartered Drivetek AG for CHF35 million (USD37.31 million), the company announced on 2 December 2022. BorgWarner said that while it has paid CHF25 million (USD26.65 million) at the closing of the transaction, the remaining amount of CHF10 million  would be paid in the form of contingent payments over the next three years. Commenting on the acquisition, Frédéric Lissalde, President and CE...
    Aptiv completes acquisition of Intercable Automotive Solutions
    Aptiv has completed the acquisition of an 85% equity stake in Intercable Automotive Solutions from Intercable S.r.l, according to a press release on 1 December 2022. As an industry leader in high-voltage power distribution and interconnect technology, Intercable Automotive Solutions will enhance Aptiv's position as a global leader in vehicle architecture systems. The transaction is valued at EUR595 million, subject to customary post-closing adjustments, and is expected to be accretive to earn...
    Software firm CARIAD to acquire paragon semvox
    CARIAD has announced that it is set to acquire artificial intelligence (AI) company paragon semvox, in a press release dated 1 December. The transaction is expected to close by the spring of 2023. Following the acquisition, Currently, CARIAD will retain the over 140 employees who currently work at the semvox sites in Limbach and Nuremberg. The paragon development teams in India and mainland China will also continue to support semvox. “With today's signing of the purchase agreement regarding...
    onsemi completes sale of Niigata, Japan, facility to JS Foundry K.K
    onsemi has completed the sale of its Niigata, Japan facility to JS Foundry K.K., it said in a press release on 1 December. JS Foundry K.K. will use the site as the foundation for its new foundry business in Japan. onsemi has also entered into a wafer supply agreement with JS Foundry to continue existing wafer fabrication at the site. “After an in-depth search for a buyer for the last two years, we are confident to have found the right partner for the facility in JS Foundry K.K. As always, w...
    Trelleborg to acquire Injectoplast’s USD7 million elastomer boots manufacturing business
    Swedish polymer tech company Trelleborg announced via press release on 25 November that it had signed an agreement to acquire the automotive boots manufacturing business of India-based privately owned company Injectoplast to strengthen its own position in the global boots market. According to the press release, assets involved in the acquisition include a head office and a manufacturing center in the Indian state of Uttar Pradesh located strategically close to a light vehicle manufacturing cl...
    Stellantis to acquire AI and autonomous driving software company aiMotive
    Stellantis has signed an agreement to acquire aiMotive, it said in a press release on 17 November. The acquisition will add to Stellantis’ artificial intelligence and autonomous driving core technology and boost the midterm development of the STLA AutoDrive platform. “Acquiring aiMotive’s world-class artificial intelligence and autonomous driving technology is an important contribution to becoming a sustainable mobility tech company. aiMotive’s class-leading expertise and startup spir...
    Arconic sells Russian aluminum business for USD230 million
    US materials supplier Arconic announced via press release on 15 November that it had completed the sale of its Russian assets to Promyshlennye Investitsii OAO for USD230 million. Arconic CEO Tim Myers discussed the sale, stating, “The assets of our Russian business have been restricted since prior to our emergence as a standalone company in April 2020. Operating in Russia only became more difficult and our ability to operate going forward became increasingly uncertain in light of the curren...
    Volvo Cars to divest 33% holding in Aurobay to parent company Geely Holding
    Swedish carmaker Volvo Cars plans to divest its 33% stake in Aurobay to parent company Geely Holding as part of its corporate strategy to develop only electric cars by 2030, the company announced on 8 November 2022. “The divestment is yet another important step in its transformation towards becoming a fully electric car manufacturer,” the company said in its official statement Tuesday. It added that the divestment also makes Volvo Cars the first car manufacturer to fully exit its par...
    Volkswagen sells WeShare to Berlin-based car sharing company MILES Mobility
    The Volkswagen Group has entered into a partnership with car sharing company MILES Mobility to sell UMI Urban Mobility International GmbH and WeShare car sharing business, according to Volkswagen’s press release on 1 November 2022. Both parties have agreed not to disclose the purchase price. Also in the context of the new partnership, MILES has ordered more than 10,000 all-electric vehicles from the Audi, Seat/Cupra and Volkswagen Passenger Cars brands, which are scheduled for delivery from...
    Celanese completes EUR11 billion acquisition of DuPont’s engineering materials business
    US chemical company Celanese announced via press release on 1 November that it had completed the EUR11 billion (USD10.8 billion) acquisition of a majority of DuPont’s Mobility & Materials (M&M) business lines. According to the press release, the takeover of business lines involves acquisition of DuPont’s broad portfolio of engineered thermoplastics and elastomers, industry-renowned brands and intellectual property, and global production assets. Celanese CEO Lori Ryerkerk discus...
    Leather upholstery maker Pecca Group to acquire 80% stake in PT Gemilang Maju Kencana
    Malaysia-based automotive leather upholstery maker Pecca Group has announced that it signed a memorandum of understanding (MOU) with PT Gemilang Maju Kencana (GMK) to acquire 80% stake in GMK, The Star reported on 1 November. Foo Ken Nee, CEO, Pecca Group, said, "Indonesia is expected to be an important engine of growth for Pecca as it strives to enlarge its foreign presence in the automotive industry.” According to the report, Pecca is expected to invest IDR2.4 billion (USD157,714). ...
    Vishay Intertechnology acquires MaxPower Semiconductor
    Vishay Intertechnology has announced that it acquired MaxPower Semiconductor for USD50 million, according to a press release published by GlobeNewsWire on 31 October. Marc Zandman, executive chair of the Board, Vishay, said “As Vishay orients the company for growth, innovation will play an important role, and we plan to intensify business development activities focused on acquiring technologies that offer attractive opportunities to expand our product portfolio and strengthen our competitiv...
    Bridgestone to exit Russia, initiates process to find buyer for local assets
    Japanese tire manufacturer Bridgestone announced via press release on 31 October that it had initiated the process to find a local buyer for its Russian assets in line with its plans to exit the country due to the general uncertainty and supply issues. According to the press release, the process of finding a buyer and closing the sale deal is expected to take several months. Significance: The Japanese tire manufacturer had in March announced that it would be suspending local manufacturing ...
    Nokian Tyres to sell Russian operations to Tatneft for EUR400 million
    Finnish tire manufacturer Nokian announced via press release on 28 October that it had signed an agreement to sell its Russian operations to Russian oil and gas company Tatneft PJSC for EUR400 million (USD398 million). According to the press release, the tire manufacturer will be ending all its operations in the country upon closing of the transaction. The company stated that that the discontinued supply of tires from Russia is expected to adverse impact its sales in Central Europe for the...
    Ford, VW-backed autonomous vehicle technology startup Argo AI to shut operations
    Volkswagen and Ford backed autonomous technology joint venture ‘Argo AI’ is shutting down as the automakers shift their strategies for self-driving cars, according to a report published by Bloomberg on 26 October 2022. Ford concluded that rather than Argo's aim of driving with little human interaction, it needed to invest in driver-assistance technology that was more achievable in the short term. “Profitable, fully autonomous vehicles at scale are a long way off and we won’t necess...
    Renesas completes acquisition of India-based radar specialist Steradian Semiconductors
    Renesas Electronics has announced that it has completed the acquisition of Steradian Semiconductors Private Limited, a fabless semiconductor company providing 4D imaging radar solutions, according to a press release on 17 October 2022. Automotive sensor fusion is becoming more and more popular as advanced driver assistance systems (ADAS) technology advances in the automotive industry. This technology combines data from various sensors, including cameras, radar, and lidar, to precisely and acc...
    Solvay takes over full ownership of Japanese rare earths joint venture
    Belgian chemical company Solvay announced via press release on 10 October that it had taken full ownership of its Japanese rare earths company Solvay Special Chem Japan (SSCJ) that was held jointly with Japanese alloy manufacturing company Santoku.  According to the press release, the facility operated by the JV currently manufactures rare earths applicable for automotive emission control systems, the semiconductor manufacturing processes, and emerging technologies such as solid oxide fu...
    Velodyne Lidar acquires AI software company Bluecity
    Velodyne Lidar has announced in a press release on 4 October 2022, the comapny has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic, and infrastructure issues. The company said that all-stock purchase highlights Velodyne's dedication to helping customers succeed by offering AI-driven autonomous vision solutions. The addition of Bluecity is expected to be immaterial to operating expenses and cas...
    Bosch plans to acquire radio frequency specialist ItoM
    According to Bosch’s press release announcement on 22 September 2022, Bosch has planned to acquire the Netherlands-based radio frequency specialist ItoM. Bosch is growing its team of ‘System on chip’ (SoC) specialists. SoC, or special semiconductors, are being employed more often in the control systems for the automobile sector. The technology company seeks to bolster its development competence for high-frequency processing SoC with the anticipated purchase of Semiconductor Ideas to the...
    Samvardhana Motherson to acquire Japan-based Ichikoh Industries’ mirror business
    Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has announced via press release on 26 September that it acquired Japan-based Ichikoh Industries’ mirror business for JPY5.2 billion (USD36.25 million).   Mr. Vivek Chaand Sehgal, chairman, Motherson said, “Inorganic growth is an integral part of our Vision 2025. With this acquisition, Motherson will acquire design and manufacturing footprint in Japan enabling closer coordination and stronger relationship with Japanese custome...
    MapmyIndia acquires stake in trip planner startup kogo to develop automotive navigation
    Digital maps provider MapmyIndia is set to acquire 26.37% stake in travel startup kogo Tech Labs to develop a travel and hyper-local platform integrated with maps and navigation for automotive companies, Economic Times reported on 21 September. MapmyIndia has invested USD1.25 million in kogo and has the option to raise the stake to 50% in two years. “There is a lot more planned as part of the partnership for the future, that will also deliver integration solutions and apps to consumers, the...
    KPIT acquires automotive software company Technica Engineering
    KPIT Technologies has announced the acquisition of Technica Engineering, it said in a press release on 21 September. The deal is expected to close by the end of October 2022, following which Technica Engineering will be fully owned by KPIT Technologies. The deal will be EPS accretive. “Mobility industry is using software to drive innovation and is creating a post-vehicle sale business model driven by delivering services to end consumers. We are constantly looking for possibilities to help a...
    BorgWarner to acquire EV charging solutions company Hubei Surpass Sun Electric
    Michigan-based global supplier of powertrain systems and electric mobility solutions BorgWarner has acquired China-based EV charging solutions provider Hubei Surpass Sun Electric (SSE) for CNY410 million (USD58.44 million), the company announced on 20 September 2022. “The company has entered into an equity transfer agreement under which it has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of SSE,” BorgWarner said in a statement Tuesday. The com...
    Lumax Industries acquires Czech Republic-based Damberty Real
    Lumax Industries has announced that it acquired 100% stakes in Czech Republic-based Damberty Real, IIFL reported on 15 September. As a result, Lumax Industries Czech s.r.o. became the company's wholly owned subsidiary. Significance: The acquisition enables Lumax industries to provide/receive services relating to the design and development of new technologies for automotive lighting systems for the company's existing and new clients in Indian and international markets, as well as assistance in...
    Aptiv to acquire 85% equity stake Intercable Automotive Solutions for USD602 million
    According to Aptiv’s press release announcement on 13 September 2022, Aptiv has signed a definitive agreement to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for EUR595 million (USD599 million), subject to customary post-closing adjustments. The acquisition is expected to be completed by the end of 2022, subject to regulatory approval and other standard closing conditions. Intercable Automotive will operate as a separate business unit wi...
    HARMAN acquires in-cabin radar sensing developer CAARESYS
    HARMAN International has announced the acquisition of CAARESYS, an Israel-based company founded in 2017 that develops vehicle passenger monitoring systems powered by contactless, low-emission radar, according to a press announcement by HARMAN on 6 September 2022. Building on the company's robust consumer-focused advanced driver assistance system (ADAS) and Digital Cockpit solutions, HARMAN's automotive product portfolio will be strengthened by the in-cabin radar sensor and algorithm solution ...
    Self-driving technology startup Aurora Innovation plans sale to Apple or Microsoft
    According to a report published by Bloomberg on 2 September 2022, the CEO of Aurora Innovation has recently outlined a range of options for the self-driving business to address deteriorating market conditions and partners pushing back timelines, including a potential sale to Apple or Microsoft. In a memo titled "board discussion pre-read", Chris Urmson, cofounder of Aurora Innovations discussed cost savings and suggested options including taking the business private, spinning o...
    Renesas to acquire India-based radar specialist Steradian Semiconductors
    Renesas Electronics has announced that it has entered into a definitive agreement to acquire Steradian Semiconductors Private Limited, a fabless semiconductor company based in Bengaluru, India, that provides 4D imaging radar solutions, in an all-cash transaction, according to a press release on 31 August 2022. Automotive sensor fusion is becoming more and more popular as advanced driver assistance systems (ADAS) technology advances in the automotive industry. This technology combines data fro...
    Neo Performance acquires exploration license for Greenland rare earth minerals project
    Canadian chemical manufacturing company Neo Performance Materials announced via press release on 22 August that it had acquired an exploration license covering the Sarfartoq Carbonatite Complex in southwest Greenland from Canadian mining company Hudson Resources. According to the press release, Hudson will receive a nonrefundable initial cash payment of USD250,000 and an additional USD3.25 million (upon closing) for the Sarfartoq project that reportedly hosts mineral deposits enriched in...
    Schuler acquires Sovema Group to become leading systems supplier of cell manufacturing solutions
    Germany based Schuler Group has acquired the Italian mechanical engineering company Sovema Group as part of its larger corporate strategy to become a leading system supplier in battery cell production for the automotive industry and other sectors, the company announced on 23 August 2022. In a press note issued on Tuesday, Schuler said that together with Sovema, it plans to develop machines and systems that giga factories around the world need for the mass production of lithium-ion (Li-ion) ba...
    Kordsa acquires majority stake in Italian carbon fiber specialist Microtex Composites
    Turkish textile manufacturing company Kordsa announced via a Material Event Disclosure that it had acquired a 60% stake in Italian composites manufacturer Microtex Composites for USD25 million (EUR24.6 million). According to a previous press release, the company stated that acquisition of Microtex Composites will allow the company to add super-luxury automotive and motorsport OEMs its customer portfolio. Significance: Microtex specializes in manufacturing dry and prepeg composite materials...
    Korea’s SK Inc. and SK Energy acquire EV-focused US startup Atom Power for USD150 million
    South Korea’s SK Inc. and SK Energy have acquired the management rights of US startup Atom Power Inc., for USD150 million, the company announced on 18 August 2022. Atom Power, which was set up 2014, developed the solid-state circuit breaker (SSCB), which is controlled by power semiconductors. Atom Power uses the technology in operating EV charging and energy solution businesses in the US. Interestingly, Atom Power’s SSCB technology also takes the role of measuring and collecting electrici...
    Webasto acquires Luxembourg-based glass specialist Carlex
    Webasto has announced that it acquired glass specialist Carlex Glass Luxembourg SA, it said in a press release on 18 August. Commenting on the acquisition, Dr. Holger Engelmann, Chairman of the Management Board of Webasto SE, said, “Investing in our own glass manufacturing facility is an important strategic step for us in strengthening the competitiveness of our top-selling business unit—and consequently of the entire Webasto Group.” According to press release, the site, which previo...
    Wallbox acquires EV charging installation service COIL
    Wallbox has announced that it has acquired COIL, electric vehicle (EV) charging installation service in the US, for an undisclosed amount, according to a company press release on 10 August. Wallbox also expects production to begin in their factory in Arlington, Texas, later in 2022. “We are thrilled to bring the COIL team, their industry expertise and leading installation services into the Wallbox family. This acquisition allows us to further enhance our service offerings to our customers i...
    Covestro sells polymer 3D printing business to Stratasys for USD44 million
    German chemical company Covestro announced via press release on 8 August the divestment of its additive manufacturing business to American-Israeli 3D printing company Stratasys. According to the press release, divestment of the 3D printing business will allow Stratasys to acquire: Covestro’s research and development facilities, production assets and offices in the Netherlands, Germany, the US and China Access to Covestro’s large network of partners globally Products from th...
    Ricardo divests software business unit for USD20.5 million
    Ricardo has announced that it has completed the sale of its software business unit to FOG Software Group, a division of Constellation Software, according to a company press release on 2 August. The maximum cash consideration for the divestment is USD20.5 million. The company will initially receive a cash consideration of USD17.5 million which could increase by USD3 million based on Ricardo Software achieving certain revenue targets in the 12-month period post deal completion. “The divestmen...
    BorgWarner acquires Rhombus Energy Solutions, expands EV charging portfolio
    Michigan-based global supplier of powertrain components and electric mobility solutions, BorgWarner Inc. announced on 3 August 2022 that the company has acquired California-headquartered Rhombus Energy Solutions for USD185 million. “The transaction has an enterprise value of up to USD185 million, which is being funded primarily with cash balances,” the company said in an official statement Wednesday, adding that approximately USD130 million was delivered at closing and up to USD55 million...
    Gentherm Completes acquisition of Alfmeier’s automotive seating business
    Gentherm has announced that it completed the acquisition of automotive business of Alfmeier Präzision SE (Alfmeier), following its announcement on 4 May 2022, according to a press release published by Gentherm on 1 August.    Phil Eyler, Gentherm's president and CEO, said, “This transaction aligns well with global consumer demand for expanded offerings in vehicle passenger comfort. Combining Alfmeier’s technological advancements in physiotherapy with Gentherm’s expertise in t...
    Hyundai Motor considers acquiring South Korea-based lidar startup 42dot
    Hyundai Motor is exploring raising its share in or fully acquiring the South Korea based autonomous mobility platform 42dot Inc. This is the latest indication of Hyundai Motor's growing interest in the rapidly expanding industry, according to a report published by TechCrunch on 1 August 2022. A 42dot representative confirmed that the company is in discussions with Hyundai Motor but cautioned that parameters, such as investment size and deal pricing, hadn't yet been finalized. Hyundai Motor...
    HELLA agrees to sell 33.33% stake in HBPO to Plastic Omnium
    Plastic Omnium has announced in a press release on 28 July that it has signed an agreement with HELLA to acquire remaining 33.33% stake of modules business HBPO GmbH for an equity value of EUR290 million (USD306.70 million) enabling Plastic Omnium with complete ownership.   Laurent Favre, CEO, Compagnie Plastic Omnium SE, said, “The acquisition of the remaining 33.33% of HBPO will allow Plastic Omnium to implement its growth strategy by broadening the range of modules offered. Thanks t...
    USCM to invest in US Critical Metals’ Montana and Idaho rare earths projects
    US Critical Metals Corp. (USCM) announced via press release on 26 July that its wholly owned subsidiary US Energy Metals Corp. will invest in US rare earth projects currently held by US Critical Materials Corp. (Materials Corp). According to the press release, USCM will acquire the right to a 50% equity in US Rare Elements Corp. (USRE), a new entity created to hold a 100% interest in the Sheep Creek Property in Ravalli County, Montana (Sheep and the Lemhi Pass Trail Property in Lemhi County, ...
    Slate acquires majority stake in EV charging infrastructure operator amperio
    Slate Asset Management has announced the acquisition of a majority stake in amperio, a specialist planner and operator of electric vehicle (EV)-charging infrastructure in Germany. In a press release dated 22 July, Slate said that the company created Slate Mobility GmbH & Co. KG as a part of the transaction. The entity will finance and own EV-charging equipment for Slate and potential third parties and receive management services from amperio. “To achieve the German government’s t...
    Renesas acquires AI solutions provider Reality Analytics
    Renesas Electronics has completed the acquisition of Reality Analytics (Reality AI), it said in a press release on 20 July. Reality Analytics develops embedded AI solutions. Following the completion, Reality AI became an indirect wholly owned subsidiary with Renesas now employing Reality AI's team of AI experts and possessing an AIoT research and developmen (R&D) center-of-excellence in Maryland, US. Significance: Though the consideration amount was not disclosed, it was an all-cash ...
    AkzoNobel to acquire Lankwitzer Lackfabrik’s wheel coatings business
    Dutch performance coatings company AkzoNobel announced via press release on 6 July that it had decided to acquire the wheel liquid coatings business of German coatings company Lankwitzer Lackfabrik GmbH. According to the press release, the acquisition would involve Lankwitzer Lackfabrik’s existing coatings facility in Leipzig, Germany and operates laboratories in Germany (Leipzig) and Türkiye. AkzoNobel CEO Michael Friede stated, “Acquiring this attractive business will complement our...
    Allego acquires European high power charging network Mega-E
    Allego N.V., a leading pan-European public electric vehicle (EV) fast-charging operator has acquired the charging network provider Mega-E for EUR33 million (USD33.28 million), Allego said on 11 July 2022. Mega-E, which stands for Metropolitan Greater Areas Electrified, was an initiative led by Allego and other companies with an aim of setting up high power charging stations across Europe. The acquisition of Mega-E will consolidate the latter’s network of EV charging stations into Allego’s...
    Sensata Technologies concludes acquisition of Dynapower for USD580 million
    Sensata Technologies has announced that it has completed the previously announced acquisition of Dynapower Company LLC, a provider of energy storage and power conversion solutions from private equity firm Pfingsten Partners for USD580 million in cash, according to a press release on 13 July 2022. “We are very pleased to bring Dynapower’s leading energy storage and power conversion solutions into Sensata’s portfolio through this acquisition,” said Jeff Cote, CEO and president of Sensat...
    Ganfeng acquires Argentinian Salta province brines for USD962 million
    The Financial Times reported on 12 July that Chinese lithium producer Ganfeng Lithium had agreed to buy Argentina-focused mining group Lithea and its existing lithium assets for USD962 million. According to the press release, the acquisition involves rights to the Pozuelos and Paston Grandes salt lake brines located in the Saltas province in Argentina. Lithea was previously owned by Canadian company LSC Lithium Corporation that in turn was owned by Dutch energy company Pluspetrol Reso...
    Michelin acquires road infrastructure images analysis company RoadBotics
    Michelin has acquired Roadbotics for an undisclosed amount, it said in a press release on 11 July. Roadbotics is a US-based company specialized in road infrastructure images analysis. "This new acquisition is in line with Michelin’s growth strategy around tires. With the acquisition of RoadBotics, Michelin strengthens its expertise in artificial intelligence supporting a smarter and safer mobility. Combining its unique knowledge of tire/vehicle uses, driving behavior analysis and Roadbotics...
    South Korea-based POSCO Group acquires silicon anode startup Tera Technos
    POSCO Group has announced that the company acquired silicon anode materials startup Tera Technos with an investment of KRW47.8 billion (USD36.79 million), Green Car Congress reported on 9 July. According to the report, traditional silicon anode materials degrade owing to volume expansion during charge and discharge cycles, but Tera Technos' silicon oxide (SiOx) is a nano-mixture structure that minimizes volume expansion and fracture, ensuring battery capacity and stability. Additionally, the ...
    Volkswagen concludes Europcar transaction, plans to offer autonomous vehicle rides by 2025
    According to a press release on 5 July, The Volkswagen Group has announced that the Europcar acquisition has been completed. Volkswagen's goal is to use technology and analytics to drive Europcar Mobility Group's transformation into a leader in sustainable mobility. Through its NEW AUTO strategy, the firm will maintain its present alliances while also becoming a cornerstone of Volkswagen's future mobility platform. Europcar Mobility Group's solution will meet a wide range of customers' mobili...
    Owners of Schaeffler Group raise stake in Vitesco Technologies to almost 50%
    The owners of Germany’s Schaeffler Group, the Schaeffler family, has raised their stake in Continental’s former powertrain division Vitesco Technologies AG to just under 50%, MarketWatch reported on 4 July 2022, citing the family’s holding company IHO. According to the report, the Schaeffler family, which controls the automotive components supplier Schaeffler AG, has acquired around 1.6 million shares in Vitesco Technologies, bringing its shareholding to 39.99%, from 35.89% previou...
    Zijin invests USD269 million to acquire a 71% stake in Chinese lithium mining company Houdao
    Chinese company Zijin announced via a stock exchange release on 29 June that it had entered into an equity transfer agreement worth USD269 million (CNY1.8 billion) to acquire a 71.14% stake in Chinese mining company Houdao mining. According to the release, the investment was primarily driven for access by the Xiangyuan Lithium Polymetallic Mine in Dao County, Hunan Province, held currently by Houdao. The mine in question is a large-scale greisen-type low-grade lithium deposit that c...
    Sensata Technologies sells Qinex semiconductor test, thermal business to Boyd
    Sensata Technologies has announced that it has sold its Qinex semiconductor thermal test and control business to Boyd Corporation for total consideration of USD219 million, including a small secondary closing, according to a press release on 1 June 2022. The Qinex division of Sensata produces thermal control products and sockets for semiconductor burn-in tests. In 2012, Sensata's semiconductor interconnect division and Wells-CTI combined to establish the company. Prior to this transaction, Se...
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