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    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    Mainland China’s mobility service market to drive demand for autonomous driving technology
    Since the first autonomous car competition organized by the US Department of Advanced Research Project Agency (DARPA) in 2004, the United States has been at the center stage of autonomous driving. Alphabet’s Google Self-Driving Car Project, which later became an independent company called Waymo, w...
    14-Aug-2020 Insights Technology Trends Pinned
    Groupe PSA reduces stake in Faurecia to 39%
    Groupe PSA has announced the completion of the sale of 9,663,000 shares in Faurecia, representing approximately a 7% stake in the French supplier, via an institutional private placement, the automaker said in a press release on 28 October. The proceeds from the transaction amount to approximately EU...
    Continental mulls divesting its turbocharger business
    Continental is mulling to sell its turbocharger business as part of its ongoing restructuring program, Bloomberg reported on 22 October. Continental is reportedly in talks with prospective buyers. Significance: In 2019, Continental announced a long-term restructuring program "Transformation 2019...
    Mahle to acquire air conditioning business of Japanese supplier Keihin
    Mahle has inked a purchase agreement to acquire Keihin Corporation’s air conditioning business in Japan, Thailand, and the United States, the former announced in a press release on 23 October 2020. The implementation of the agreement, which is expected in the first quarter of 2021, requires the ap...
    ACQUISITION: KPS Capital raises stalking horse bid for Garrett Motion to USD2.6 billion
    In a press release dated 19 October, Garrett Motion has announced that it has received a higher stalking horse bid from KPS Capital Partners. KPS Capital has raised the bid by USD500 million to USD2.6 billion. KPS would also offer coinvestment in an aggregate amount of up to USD350 million, of which...
    Liberty Steel Group makes an offer to acquire thyssenkrupp Steel Europe
    LIBERTY Steel Group has made a non-binding indicative offer (NBIO) to thyssenkrupp to acquire the German steel major's assets in Europe, according to a press release on the website of LIBERTY Steel Group on 16 October. LIBERTY Steel’s proposal is subject to certain assumptions about the business. ...
    ACQUISITION: VOSS Group acquires HENZEL Automotive to strengthen presence in thermal management systems
    German automotive components supplier, VOSS Automotive, has announced its acquisition of Henzel Automotive GmbH. According to a press release issued by the Voss Group on 19 October, this will complement the Group’s development and production competencies in the automotive thermal management s...
    Acquisition: Lumax Auto to acquire JV partner stake in Lumax Gill-Austem
    Lumax Auto Technologies has acquired the entire shareholding held by erstwhile joint venture (JV) partner in Lumax Gill Austem Auto Technologies Private Limited (LGAAT), a subsidiary of the company, according to a regulatory filing by the company in 16 October. The deal is valued at INR7.3 million. ...
    Nippon Steel considers selling two automotive steel plants in US
    Nippon Steel is considering selling two of its automotive steel plants in the US state of Indiana, according to a report by The Japan Times on 14 October. Nippon Steel is thinking of following the suit after its partner ArcelorMittal, which jointly owns a company running the two plants, decided to s...
    DIVESTMENT: Valmet to sell Engineering Services Business to intensify focus on e-mobility
    Valmet Automotive has reached an agreement to divest its Engineering Services Business Line to Mutares SE & Co. KGaA, according to a company press release on 12 October. The divested engineering services business includes vehicle development, electrics/electronics, simulation and testing se...
    Acquisition: Autonomous vehicle safety company Foretellix to acquire startup Metamoto
    Israeli startup Foretellix has announced that it will acquire Metamoto for an undisclosed amount, a company press release read on 7 October. Foretellix target of offering OEMs and tier-1 suppliers with simulator agnostic verification and validation solution will be boosted by Metamoto’s experti...
    ACQUISITION: BorgWarner completes acquisition of Delphi Technologies
    American automotive components manufacturer, BorgWarner, has announced that it has completed the acquisition of Delphi Technologies. In a press release issued by BorgWarner on 2 October, the company stated that acquiring Delphi Technologies would reinforce BorgWarner’s electronics and power electr...
    DIVESTMENT: Adient completes sale of fabric business to Sage Automotive Interiors
    Adient completed the previously announced sale of its automotive fabric manufacturing business to Sage Automotive Interiors on 30 September, the US-based automotive supplier said in a press release on 1 October. Sage Automotive Interiors, a wholly owned subsidiary of Japan-based Asahi Kasai Group pa...
    Novelis sells Belgium plant as part of Aleris acquisition
    Novelis, a major player in aluminum rolling and recycling, has sold the former Aleris plant in Duffel, Belgium, to ALVANCE, the aluminum business of the GFG Alliance, according to a company press release on 2 October 2020. The transaction is part of Novelis’s acquisition of Aleris. Significance...
    Total acquires EV charging company ‘Blue Point London’
    Energy company Total has acquired electric vehicle (EV) charging company ‘Blue Point London’ from the Bolloré Group, the company announced in a press release on 29 September. With this transaction, Total is taking over the management and operation of EV charging network Source London. This tran...
    DIVESTMENT: HELLA to sell front camera software business to Volkswagen’s Car.Software Org
    HELLA has announced that it will be selling its front camera software business to Volkswagen’s Car.Software Org, a company press release on 29 September read. The transaction is expected to result in an income of about EUR100 million (USD116.5 million) for HELLA. Following the closure of the tr...
    Diodes gets mainland China’s State Administration for Market Regulation approval for Lite-On Semiconductor acquisition
    Diodes has received approval from mainland China’s State Administration for Market Regulation (SAMR) for the acquisition of Lite-On Semiconductor, the company said in a press release on 23 September. The transaction is expected to close by the end of November 2020. Significance: In March, Diode...
    LeddarTech acquires assets of Phantom Intelligence
    LeddarTech has acquired the assets of Phantom Intelligence, including all of its intellectual property (IP) and technology, the company said in a press release on 22 September 2020. Phantom Intelligence, founded in 2011, specializes in signal processing and lidar technology that protects vulnerab...
    KPS Capital Partners enters agreement for potential acquisition of Garrett Motion’s business
    Swiss automotive powertrain components manufacturer Garrett Motion announced that it has signed a stock and asset purchase agreement with US-based private equity firm KPS Capital Partners, wherein the company, through an affiliate, would acquire substantially all of the assets of Garr...
    SPIN-OFF: LG Chem announces plan to spin off its battery business
    LG Chem has announced plans to spin off its battery business, a company press release read on 17 September. The decision has been approved by the board and is subject to shareholder approval. LG Chem says that it will be a physical division in which LG Chem will possess all of the stocks issued b...
    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    ACQUISITION: HELLA acquires plastics technology specialist FWB Kunststofftechnik
    HELLA GmbH & Co. KGaA has acquired Germany-based plastics technology specialist FWB Kunststofftechnik GmbH (FWB), according to a HELLA press release on 15 September 2020. HELLA already has a 25% stake in FWB. With the complete takeover, which took place on 14 September 2020, HELLA intends to sec...
    ACQUISITION: NVIDIA agrees to acquire ARM for USD40 billion
    NVIDIA has reached a definitive agreement to acquire the UK-based chip designer ARM Limited from SoftBank Group in a transaction valued at USD40 billion, the company said in a press release on 13 September. The transaction is expected to conclude in 18 months, subject to customary closing conditions...
    Wallbox acquires EV charging app Electromaps
    In a press release dated 8 September, Wallbox announced that it has acquired a majority stake in Electromaps electric vehicle (EV) charging app. Electromaps will continue to develop and operate its platform under the same brand through the leadership of its founding partners Xavier Cañadell and Jor...
    ACQUISITION: Bosch acquires 26% stake in Indian e-mobility company SUN Mobility
    German auto parts supplier Bosch, through its investment vehicle Robert Bosch Investment Nederland B.V., has acquired a 26% stake in Indian e-mobility company SUN Mobility, according to a report by ET Auto on 4 September. The companies did not disclose the financial terms of the transaction. “B...
    Yandex, Uber to spin off autonomous unit
    Yandex N.V., a Russian internet giant, will spin off its autonomous vehicle business and form a new company -called Yandex Self Driving Group B.V. (Yandex SDG) with Uber, Yandex announced in a press release on 4 September 2020. Before the spin-off, Yandex’s self-driving car business unit was part ...
    ACQUISITION: Magna to acquire majority ownership of Chinese seat supplier Honglizhixin
    Magna has signed an agreement to acquire majority ownership of Honglizhixin, a major seat supplier to Chinese automakers, the Canadian automotive parts supplier announced in a press release on 3 September 2020. At the same time, Magna will acquire a majority stake in its existing seating joint ventu...
    ACQUISITION: Delfingen acquires Schlemmer’s European and African operations
    Delfingen, a supplier of electrical cable protection systems and solutions for the automotive industry, has completed the acquisition of Schlemmer’s business in Europe/Africa, according to a company press release on 1 September. Schlemmer’s Asian perimeter was sold to its Chinese partner, the Fe...
    ACQUISITION: Allegro MicroSystems acquires lidar manufacturer Voxtel
    Allegro MicroSystems has announced the acquisition of Voxtel, a company dealing with advanced photonic and 3D imaging technology including long-range, eye-safe lidar, a company press release read on 28 August. The rationale behind the acquisition is utilizing Voxtel’s laser and imaging products wi...
    DIVESMENT: Panasonic completes transfer of semiconductor business to Nuvoton Technology
    Panasonic has announced the completion of transfer of its semiconductor business to Winbond Electronics’ unit Nuvoton Technology, a company press release read on 1 September. Initially 1 June was was deemed as the completion date, but it was postponed due to the COVID-19 pandemic delaying the clea...
    nd Group acquires majority share in EV startup e.GO Mobile
    nd Group’s nd Industrial Investments has acquired a majority share in electric vehicle (EV) startup e.GO Mobile for an undisclosed amount, e.GO Mobile announced in a press release on 31 August. On September 1, Next.e.GO Mobile SE took over the entire business of e.GO Mobile AG including all subsid...
    M&A: Shiloh enters stock and asset purchase agreement with Grouper Holdings
    Shiloh Industries, Inc., a global supplier of lightweighting, noise and vibration solutions, has entered into a ‘stalking horse stock and asset purchase agreement’ with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC, Shiloh announced in a press release on 30 August 2020. As per ...
    Hella mulls sale of driver-assistance software unit
    Hella is planning to sell its driver-assistance software unit, Bloomberg reported on 27 August, citing people familiar with the development. The German supplier is working with its advisors to gauge interest in the business which could fetch several hundred million euros, the people told Bloomberg, ...
    SPIN-OFF: Hexagon Composites to spin off e-mobility business into a new company
    Hexagon Composites is planning to spin off and list its e-mobility business into a new entity, called Hexagon Purus, the company announced in a press release on 24 August. The Private Placement will allow the e-mobility Business to be listed with the required capital to fund its initial development ...
    DIVESTMENT: Adient completes sale of interior business to Yanfeng Automotive
    Adient has completed the previously announced divestment of its stake in automotive interior joint venture, Yanfeng Global Automotive Interior Systems (YFAI) to its Chinese partner, Yanfeng Automotive Trim Systems, the company said in a press release on 21 August. The US-based automotive supplier re...
    Bridgestone announces proposal to close South African tire production facility
    Japanese tire manufacturer Bridgestone’s South Africa division has announced that it plans to shut down its bias tire production plant located in Port Elizabeth, South Africa. In a press release issued by Bridgestone Southern Africa on 20 August, the company stated that this move is aligned with t...
    SPIN-OFF: Alfa’s shareholders approve spin-off of Nemak
    Nemak, S.A.B. de C.V. has announced that shareholders of its parent company Alfa S.A.B. de C.V. have approved a proposal to spin off its entire ownership stake in Nemak, S.A.B. de C.V., according to a company press release on 17 August. The proposal includes transfer Alfa’s entire share ownership ...
    Porsche invests in connected car startup Aurora Labs
    Porsche Automobil Holding has acquired a minority stake in Israel-based startup Aurora Labs for USD2.5 million, the company said in a press release on 13 August. The venture capital arm of Porsche has already invested in two U.S-based 3-D printing specialists Markforged and Seurat Technologies an...
    M&A: Veoneer completes divestiture of US brake control business to ZF
    Swedish automotive technology provider, Veoneer, has announced that it has completed the divestment of its US-based brake control business unit. According to a press release issued by Veoneer on 11 August, the company stated that its US brake control business unit has been divested to German automot...
    M&A: MiddleGround Capital acquires majority ownership in US supplier Dura Automotive
    MiddleGround Capital has acquired a majority stake in Dura Automotive Systems, the US-based supplier said in a press release on 6 August. The US-based private equity firm bought the stake in Dura from Bardin Hill Investment Partners. Dura Automotive specializes in highly-integrated mechatronic sy...
    PLANT CLOSURE: Marelli Automotive Lighting to permanently close plant in Michigan, US
    Marelli has announced plans to permanently close its Michigan lighting plant. According to a Worker Adjustment and Retraining Notification (WARN) notice on 27 July on the website of Mighigan.gov. Marelli Automotive Lighting USA will close its Clarkston, Michigan factory, affecting 263 employees. The...
    M&A: Fastned acquires EV charging network MisterGreen
    Dutch electric vehicle (EV) charging stations operator Fastned has acquired the fast-charging network of local vehicle leasing company MisterGreen Electric Lease, Fastned announced in a press release on 1 July. Fastned has acquired 100% of the shares in The Fast Charging Network B.V. from Misterg...
    M&A: dSPACE acquires real-time software developer Intempora
    Germany-based dSPACE has acquired real-time software developer Intempora, the Germany-based company said in a press release on 9 July. France-based Intempora has over 20 years of expertise in providing advanced software solutions for automotive industry. The company offers RTMAPS, a modular tool kit...
    M&A: French automotive supplier Delfingen to buy Schlemmer’s activities in Europe/Africa
    Delfingen has entered into a negotiation for the acquisition of Schlemmer’s business activities in Europe/Africa, the company said in a press release on 17 July. The acquisition would give Delfingen acccess to five factories in Germany, Romania, Russia, Morocco, and Tunisia which will have 1000 em...
    M&A: STMicroelectronics to acquire UWB specialist BeSpoon and cellular IoT connectivity assets of Riot Micro
    STMicroelectronics (ST) has announced two acquisitions to strengthen the wireless connectivity capabilities of its STM32 microcontrollers (MCUs), the company said in a press release on 16 July. ST has reached an agreement to acquire the entire share capital of BeSpoon, a France-based company special...
    Mullen Technologies raises funding to acquire EV manufacturing plant in the US
    Mullen Technologies has signed a letter of intent with Axiom Financial to raise USD135 million to acquire an electric vehicle (EV) manufacturing plant in the United States, the company announced in a press release on 13 July. The company expects to begin production by 2022 and enter the electric spo...
    FCAꟷGroupe PSA merged entity will be named ‘Stellantis’
    Groupe PSA and Fiat Chrysler Automobile (FCA) have announced that the name of the entity that will be created when the two companies merge will be ‘Stellantis’. In a press release issued by Groupe PSA dated 15 July, the company revealed the name in a step toward the planned merger that was ...
    M&A: Fisker Inc to go public through merger with Spartan Energy Acquisition
    In a press release dated 13 July, electric vehicle (EV) startup Fisker announced that it is set to list on New York Stock Exchange (NYSE) through merger with Spartan Energy Acquisition Corp, which is a special purpose acquisition company sponsored by an affiliate of Apollo Global Management. The dea...
    M&A: Analog Devices to acquire Maxim Integrated Products in an all-stock transaction
    Analog Devices (ADI) has signed an agreement to acquire Maxim Integrated Products in an all-stock transaction, the company said in a press release on 13 July. Under the agreement, Maxim stockholders will receive 0.630 of ADI stock for each Maxim share at the closing of the transaction. Upon closing,...
    M&A: Austrian supplier ams completes acquisition of Osram
    Austrian sensor specialist ams has announced the successful closing of Germany-based OSRAM Licht AG acquisition, ams said in a press release on 9 July 2020. “The takeover offer has been fully settled today and the offer price paid to the holders of the tendered shares,” according to a compa...
    M&A: LeddarTech buys Israeli sensing software company VayaVision
    Leddartech has acquired sensor fusion and perception software company VayaVision for an undisclosed amount, the company said in a press release on 7 July. VayaVision will become a wholly owned subsidiary of LeddarTech. “The acquisition of VayaVision adds a vital building block by combining thei...
    SPIN-OFF: Motherson Sumi Systems creates new subsidiary for wiring harness business in India
    Indian auto components major Motherson Sumi Systems Ltd. has incorporated on 2 July 2020 a wholly owned subsidiary called ‘Motherson Sumi Wiring India Limited (MSWIL),’ according to a filing with the Bombay Stock Exchange (BSE). The new subsidiary will be the transferee entity into which the dom...
    M&A: Austrian sensor firm ams receives EU approval for Osram acquisition
    Austria-based sensor specialist ams has received unconditional regulatory approval on 6 July from the EU commission for the acquisition of Germany-based Osram Licht AG, ams said in a press release. “The EU regulatory approval constituted the last remaining condition precedent for closing the trans...
    M&A: Daimler to acquire 3% stake in battery maker Farasis
    Daimler has entered into a strategic partnership with mainland Chinese battery maker Farasis Energy, including a stake acquisition, Daimler announced in a press release today (3 July). Daimler Greater China is investing a multi-million-euro amount as part of Farasis's IPO to acquire a 3% stake. This...
    M&A: Velodyne confirms reverse merger agreement with Graf Industrial
    Velodyne Lidar has entered a definite merger agreement with Graf Industrial, a US-based, publicly traded, special purpose acquisition company (SPAC), the two companies said in a joint press release on 2 July. The proforma market capitalization of the merged company will be around USD1.8 billion. ...
    M&A: Faurecia acquires Canadian startup IRYStec to enhance in-vehicle user experience
    Faurecia has acquired Canadian startup IRYStec Software to enhance user experience of cockpit display systems, the company said in a press release on 1 July. IRYStec has developed a software platform using perception and physiology to optimize user experience of display systems. The software platfor...
    M&A: Recticel completes divestment of Automotive Interior business
    Recticel has completed the previously-announced divestment of its Automotive Interior division, the company said in a press release on 1 July. The Belgium-based company has also divested its 50% stake in joint venture (JV) company Eurofoam Flexible Foam to JV partner Greiner AG. Recticel generated n...
    M&A: Delphi Technologies’ shareholders approve acquisition by BorgWarner
    Delphi Technologies PLC announced during a special meeting of its shareholders conducted on 25 June, the planned acquisition of the company by American powertrain components manufacturer, BorgWarner, has been approved by the majority of Delphi’s shareholders. The two companies are working ...
    M&A: Amazon acquires autonomous driving startup Zoox
    Amazon has signed an agreement to acquire Zoox, a US-based startup developing autonomous driving technology for ride-hailing services, the company said in a press release on 26 June. The completion of the deal is subject to customary closing conditions. The two companies did not disclose the financi...
    M&A: Siemens acquires analytics solutions firm UltraSoC
    Siemens has signed an agreement to acquire UltraSoC Technologies, the company said in a press release on 23 June. Financial details of the deal were not disclosed. The rationale behind the acquisition is that it will enable a unified data-driven infrastructure to improve product quality, safety a...
    JOINT VENTURE: Adient modifies divestment agreement with Chinese partner Yanfeng Automotive
    Adient has agreed to modify its previously announced definitive agreement with Yanfeng Automotive Trim System for the sale of its 30% stake in YAFAI, the company said in a press release on 24 June. The US-based seating supplier will now receive USD369 million for selling its stake in YFAI, USD10 mil...
    M&A: EU opens in-depth investigation into PSA-FCA merger
    The European Commission (the Commission) has opened an in-depth investigation into the proposed merger of PSA and FCA under the European Union (EU) Merger Regulation, the Commission said in a press release on 17 June 2020. The Commission expressed concerned that the proposed transaction may reduce c...
    M&A: Facebook acquires mapping startup Mapillary
    Facebook has acquired Sweden-based crowdsourcing mapping startup Mapillary, Jan Erik Solem, cofounder and CEO of Mapillary confirmed in a company blog post on their website on 18 June. Founded in 2013, Mapillary is building a street-level imagery platform that allows everyone to get the imagery...
    Evergrande acquires remaining shares of NEVS
    Evergrande has acquired the remaining 17.6% stake in all-electric Swedish startup NEVS, the company announced in a press release on 10 June. Evergrande Health Industry Group has paid National Modern USD379.5 million. The acquisition was completed on 12 June 2020. Following the acquisition, NEVS has ...
    Mitsubishi Electric to acquire Sharp’s factory in Japan to expand power device business
    Mitsubishi Electric has announced that it will acquire a plant in Fukuyama, Hiroshima Prefecture in Japan from Sharp Fukuyama Semiconductor, a wholly owned subsidiary of Sharp Corporation, a company press release on 11 June read. Mitsubishi will process wafers in the plant, used for the manufacture ...
    Ascend Performance Materials acquires assets of two materials company in mainland China
    Ascend Performance Materials, an integrated producer of polyamide 66 resin, has signed an agreement to acquire the assets of NCM (Changshu) Co., Ltd., and Tehe Engineering Plastic (Suzhou) Co., Ltd., located in Changshu Yushan High-tech Industrial Park in mainland China, according to a company press...
    M&A: Minda Industries’ planned merger of four subsidiaries gets court approval
    Minda Industries’ planned merger of four subsidiaries receives court approval, the company said in a regulatory filing on 2 June. The company has informed that the National Company Law Tribunal (NCLT), Special Bench, New Delhi, has made the pronouncement of the order on 1 June 2020, sanctioned the...
    M&A: Mitsubishi, NTT complete joint acquisition of 30% stake in HERE Technologies
    HERE Technologies has announced that Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation (NTT) have completed a joint acquisition of a 30% stake in the company, according to a press release on 2 June. The investment was made via the two companies’ jointly owned COCO Tech Holdi...
    M&A: Knorr-Bremse completes acquisition of R.H. Sheppard Co.
    Knorr-Bremse has completed the acquisition of R.H. Sheppard from WABCO Holdings Inc., United States, which sold Sheppard in connection with the acquisition of WABCO by ZF Friedrichshafen AG, Knorr-Bremse announced in a press release on 2 June. Bendix Commercial Vehicle Systems LLC, a North America...
    Volkswagen ups stake in JAC Volkswagen, acquires 26% stake in battery maker Gotion High-Tech
    In a press release dated 29 May, Volkswagen has confirmed that it has increased its stake in its joint venture (JV) JAC Motors, JAC Volkswagen, from 50% to 75%. The company has also acquired 50% in JAG, the parent company of the Volkswagen partner JAC. Volkswagen has invested EUR1 billion toward&nbs...
    M&A: ZF completes acquisition of WABCO
    German automotive supplier ZF Friedrichshafen AG has announced that it has completed the acquisition of WABCO, a US automotive components manufacturer. According to a press statement issued by ZF on 29 May, the company has received all required regulatory approvals and has commenced the integration ...
    M&A: Indian regulator approves merger of Takata India with KSS Abhishek Safety Systems
    The Chennai division bench of the National Company Law Tribunal (NCLT) has approved the merger of India-based KSS Abhishek Safety Systems (KSSA) with Takata India, according to a report by ET Auto on 30 May. The new amalgamated entity will be called Joyson Anand Abhishek Safety Systems (JAASS). All ...
    Volkswagen in talks to invest in two EV companies in mainland China
    Volkswagen is planning to invest in two electric vehicle (EV) companies in mainland China and is already in the last stages of the talk, Reuters reported on 27 May citing sources. Volkswagen is planning to buy a 50% stake in Anhui Jianghuai Automobile Group Holding for CNY3.5 billion (USD490 million...
    Amazon in talks to acquire autonomous vehicle startup Zoox
    Amazon.com Inc. is in advanced talks to acquire autonomous vehicle startup Zoox Inc., according to a report by Wall Street Journal (WSJ) on 26 May. The two companies are discussing a deal that would value Zoox at less than the USD3.2 billion, a level attained after its last funding round in 2018, WS...
    Mobileye CEO expects ‘great consolidation’ in autonomous driving
    The budding autonomous driving industry needs to consolidate as it is too difficult for separate companies to cooperate in developing self-driving vehicles, Amnon Shashua, CEO of Intel-owned Mobileye, was quoted as saying by Reuters. According to Shashua, the current strategy of individual companies...
    M&A: ZF, WABCO receive regulatory clearance in mainland China for proposed merger
    German auto components supplier ZF Friedrichshafen and American auto parts manufacturer WABCO have announced that the companies have received a vital regulatory clearance for their planned merger. According to a joint press statement issued on 15 May, WABCO and ZF have stated that the companies...
    M&A: JTEKT acquires Canadian R&D facility to reinforce ECU development
    Japanese auto component manufacturer JTEKT has announced that it has strengthened its presence in the research and development (R&D) space with the acquisition of a Canada-based R&D facility. According to a press release issued on 13 May, JTEKT has stated that it has taken over an R&D ce...
    M&A: Freudenberg completes acquisition of performance materials firm Low & Bonar
    Freudenberg has completed the acquisition of performance materials firm Low & Bonar, the company announced in a press release on 12 May. Low & Bonar PLC will be delisted from the London Stock Exchange on May 13. The company will be integrated in the Freudenberg Performance Materials Business...
    BorgWarner consents to Delphi’s revolver draw down, amends acquisition agreement
    Automotive powertrain components manufacturers BorgWarner and Delphi Technologies have announced that certain terms of the definitive transaction agreement the companies entered into, under which BorgWarner was to acquire Delphi Technologies in an all-stock transaction, have been amended. In a pr...
    M&A: Intel acquires transit app Moovit for USD900 million
    Intel has acquired Moovit, as Israel-based startup specializing in Mobility-as-a Service (MaaS), for around USD900 million, the US-based chipmaker said in a press release on 4 May. Moovit, founded in 2012, has developed an urban mobility app that offers commuters the best multimodal trip planni...
    M&A: Intel in talks to acquire Israeli start-up Moovit
    Intel is in the advanced stage of talks to acquire Moovit, an Israel-based startup specializing in Mobility-as-a-Service (MaaS) for USD1 billion, Globes reported on 3 May. Moovit, founded by Nir Erez, Roy Bick, and Yaron Evron in 2011, has developed a public transport journey planner and mobility ap...
    M&A: BorgWarner plans to complete acquisition of Delphi Technologies in second half of 2020
    American multinational automotive components supplier, BorgWarner, has announced its intention to close its acquisition of Delphi Technologies in the second half of this year. According to a report filed by news agency Reuters, the company stated that although final terms have not been decided yet, ...
    Fortum sells majority share in EV charging company Fortum Recharge to Infracapital
    Fortum has agreed to sell a majority stake of 63% in electric vehicle (EV) charging point operator (CPO), Fortum Recharge AS to Infracapital, according to a company press release on 27 April. The transaction is expected to close in the second quarter of 2020. Subsequent to this transaction, Fortu...
    M&A: Freudenberg gets European Commission's approval for acquisition of Low & Bonar
    Freudenberg has received approval from the European Commission (EC) for the acquisition of high-performance materials company Low & Bonar, the company announced in a press release on 17 April. The Commission has granted an unconditional Phase 1 clearance under the EU Merger Regulation (EUMR). Co...
    M&A: USA Rare Earth acquires rare earth permanent magnet manufacturing capability from Hitachi
    USA Rare Earth has acquired the neodymium iron boron (NdFeB) permanent magnet manufacturing equipment formerly owned and operated in North Carolina, US, by Hitachi Metals America, USA Rare Earth announced in a press release on 7 April. According to the company, the equipment purchased by USA Rare Ea...
    M&A: AEM Canada acquires high purity alumina Producer Orbite Technologies
    AEM Canada Group has acquired the assets of high purity alumina (HPA) Producer Orbite Technologies Inc. AEM Canada announced in a press release in early April. Orbite has been under the protection of the Companies' Creditors Arrangement Act since April 2017. The assets AEM Canada is buying from...
    M&A: Hitachi Automotive Systems completes acquisition of automotive device software developer seneos
    Hitachi Automotive Systems has announced the completion of acquisition of Germany-based automotive device software developer seneos, a company press release on 16 April read. Financial details of the deal were not disclosed. seneos offers system engineering services for automotive electronics des...
    M&A: Infineon completes acquisition of Cypress Semiconductor
    Infineon has announced that it has completed the acquisition of Cypress Semiconductor, according to a company press release on 16 April. The acquisition is funded through a combination of cash on hand and a financing facility given by a consortium of 20 national and international banks. Infineon ...
    COVID-19 pandemic impact: Japanese suppliers Nippon Shokubai, Sanyo Chemical postpone merger
    Japan-based chemical companies Nippon Shokubai and Sanyo Chemical have postponed their previously announced plans to merge their respective businesses and establish a joint holding company amid the uncertainty due to the coronavirus disease 2019 (COVID-19) pandemic, the two companies said in a joint...
    M&A: Novelis completes acquisition of Aleris
    Novelis has completed the acquisition of Aleris Corporation, the company announced in a press release on 14 April. Novelis will acquire Aleris’ 13 plants across North America, Europe, and Asia. However, to satisfy regulatory conditions, the company is required to divest Aleris’ plants in Lewispo...
    M&A: Software engineering firm Luxoft completes acquisition of CMORE Automotive
    Luxoft, a DXC technology company, has completed its previously announced acquisition of CMORE Automotive, a Germany-based company specializing in the development and validation of AI-driven mobility systems, according to a company press release on 9 April 2020. CMORE operates a network of advance...
    M&A: Novelis receives last clearance from European Commission for acquisition of Aleris
    Novelis Inc. has received the final clearance from the European Commission for its proposed acquisition of Aleris Corporation, a global supplier of rolled aluminum products, Novelis announced in a press release on 8 April. Novelis secured final approval from the Commission for the sale of Aleri...
    M&A: Infineon gets final regulatory approvals to acquire Cypress Semiconductor
    Infineon Technologies has announced it has received all necessary regulatory approvals for its acquisition of Cypress Semiconductor Corp, a company press release on 7 April showed. Infineon expects to close the transaction within five business days. The transaction will be funded through a combin...
    M&A: Recticel divests controlling stake in Automotive Interiors division, 50% stake in Eurofoam JV
    Recticel has entered into a definitive agreement with a Germany-based private investment firm Admetos GmbH to partially divest its ownership in Automotive Interior business, the company said in a press release on 6 April. Under the agreement, Recticel’s Automotive Interior division will be transfe...
    M&A: BorgWarner-Delphi acquisition clears regulatory hurdle
    US-based automotive powertrain components supplier BorgWarner’s planned acquisition of Delphi Technologies has received the requisite antitrust clearance from the Federal Trade Commission. The acquisition is being monitored closely since it came under risk when Delphi drew down its full USD500 mil...
    M&A: Austrian sensor specialist ams completes USD1.8 billion share sale to fund Osram acquisition
    ams has announced that it has completed a CHF1.75 billion (USD1.81 billion) share sale to partially fund the acquisition of Germany-based Osram Licht, according to a company press release on 31 March. ams shareholders exercised the subscription rights for 117.5 million new shares, corresponding to 6...
    M&A: BorgWarner issues statement regarding breach of agreement by Delphi Technologies
    American powertrain components manufacturer BorgWarner has issued a statement regarding its impending acquisition of Delphi Technologies. According to a press release issued by the company on 31 March, BorgWarner has stated that Delphi Technologies PLC provided notice to the lenders pursuant to its ...
    Diodes gets approval from Taiwanese authorities for acquisition of Lite-On Semiconductor
    Diodes has announced that it has been granted approval by authorities in Taiwan for the acquisition of Lite-On Semiconductor (LSC), according to a company press release on 30 March. Approvals from the authorities include the Taiwan Fair Trade Commission and the Foreign Investment Approval from the I...
    Ube Industries to acquire compound manufacturer Premium Composite Technology North America
    Japan-based Ube Industries has announced its decision to acquire Premium Composite Technology North America, Inc. (PCTNA), a consolidated subsidiary of Toyota Tsusho Corporation, according to a company press release on 23 March. Ube Industries and Toyota Tsusho entered into a share transfer agreemen...
    Austrian sensor firm ams expects to close Osram deal in Q2 2020
    ams has announced that, with respect to the acquisition of Germany-based Osram Licht, it expects the public offer to close in the second quarter of fiscal 2020. In a press release dated 19 March, the Austrian company has said it has increased its direct shareholding in OSRAM to 23.4%, funded from ex...
    TDK absorbs its wholly-owned subsidiary TDK-EPC Corporation
    TDK has decided to absorb and merge its wholly-owned subsidiary TDK-EPC Corporation, the company announced in a press release on 25 March. TDK Corporation will be the surviving company and TDK-EPC Corporation will be dissolved. The effective date of merger is scheduled to be 1 July 2020. Sig...
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