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    Waymo acquires UK-based AI firm Latent Logic
    Waymo has acquired Latent Logic, a spin-out of Oxford University in the United Kingdom developing scalable and efficient testing of autonomous vehicles using imitation learning to build realistic simulation of human behavior. The acquisition also marks the launch of Waymo’s first Europea...
    ams begins additional acceptance period of takeover offer for Osram
    Austrian sensor specialist ams has announced the start of the additional acceptance period of its all-cash takeover offer for German lighting supplier Osram Licht, according to ams press release on 11 December. ams has achieved an acceptance level of 59.3% during the main offer period, which expired...
    OCTO Telematics buys Nebula Systems
    OCTO Telematics has announced the acquisition of the entire share capital of Nebula Systems, a company press release on 4 December showed. Following the acquisition, Nebula technology will be integrated in the standard OCTO offering and all OCTO telematics devices will integrate these capabi...
    Repsol acquires Ibil's EV charging network
    Repsol has acquired Ibil’s charging network and energy commercialization services for electric vehicles (EV), the company announced in a press release on 4 December. Ibil will concentrate its activities in providing the market with technological and value-added services for installation and operat...
    ams’ tender offer for Osram crosses minimum threshold limit of 55%
    Austrian sensor specialist ams’ takeover offer for Osram Licht AG has crossed minimum threshold limit of 55%, the two companies announced in separate press releases on 6 December. ams informed that further steps to implement the transaction are expected to start in the very near future. The transa...
    GFG Alliance to buy aluminum plant in Belgium from Novelis
    GFG Alliance has reached an agreement with aluminum producer Novelis to buy the latter’s Duffel aluminum rolling mill in Belgium, subject to regulatory approval, Reuters reported on 6 December. The financial terms of the deal were not disclosed by the company. Significance: “The deal is consi...
    Umicore acquires cobalt refining and cathode precursor activities in Finland from Freeport Cobalt
    Umicocre has acquired the cobalt refining and cathode precursor activities from Freeport Cobalt in Finland, the company announced in a press release on 2 December. Umicore has invested USD203 million on a debt and cash free basis, including approximately USD50 million of net working capital. Umicore...
    STMicroelectronics completes acquisition of Sweden-based silicon carbide wafer supplier Norstel
    STMicroelectronics has announced the completion of the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB for a total consideration of USD137.5 million, a company press release dated 2 December showed. STMicroelectronics acquired the remaining 45% after acquiring the first ...
    Freudenberg to acquire materials company Filc
    German technology company Freudenberg has signed an agreement to fully acquire materials company Filc, the company announced in a press release on 27 November. Filc is a manufacturer of needle punch nonwoven textiles and laminated materials, with a focus on the automotive and construction industries...
    Panasonic to transfer semiconductor business to Nuvoton Technology
    Panasonic Corporation has sold off its semiconductor business to Taiwan-based Nuvoton Technology, the company announced via a press release on 28 November. The business was primarily operated by business unit Panasonic Semiconductor Solutions. Financial details of the stock and asset transfer agreem...
    Trelleborg signs agreement to acquire TriTec Seals
    Trelleborg has signed an agreement to acquire TriTec Seals, the company said in a press release on 25 November. The acquisition, to be done through Trelleborg’s Sealing Solutions business areas, is expected to complete before the end of next month. The US-based TriTec offer offers engineered po...
    Aptiv completes gabocom acquisition
    Aptiv has completed the acquisition of gabo Systemtechnik GmbH (gabocom) from Bregal Unternehmerkapital, the company announce in a press release on 19 November. gabocom provides cable management and protection solutions for the telecommunications industry. Going forward, gabocom will operate with...
    Indorama Ventures completes acquisition of Sinterama
    Indorama Ventures, a global chemical producer, has successfully completed the acquisition of Sinterama S.p.A, an Italy-based producer of polyester automotive interiors and high-performance colored yarns, according to a company press release on 20 November 2019. Subsequent to the acquisition, Sintera...
    Magna to buy Wipac Czech to expand lighting capabilities
    Magna has agreed to acquire Wipac Czech s.r.o., a Czech Republic–based supplier of premium automotive lighting products, according to a company press release on 20 November. The transaction is expected to close by this month-end. Wipac Czech s.r.o. designs and develops automotive forward lighti...
    Synopsys completes acquisition of DINI Group
    Synopsys has announced the completion of acquisition of DINI Group, a California-based company dealing in FPGA-based boards and solutions, according to a press release on 15 November. The terms of the deal were not disclosed but Synopsys added that the acquisition was not material to its financia...
    Stanley Electric acquires shares in Pakistan-based automotive lights supplier Electropolymers
    Stanley Electric has acquired shares in Pakistan-based automotive lights supplier Electropolymers (Private) Limited, the Japanese supplier announced on 7 November. The company informed that it received a portion of shares by means of a third-party allotment implemented by Electropolymers, bringing i...
    Stanley Electric establishes production base for automotive lights in Philippines
    Stanley Electric has established a new production base for automotive lights in the Philippines, according to a company press release last month. The company announced the establishment of a production subsidiary in the Philippines following a series of talks with Germany-based HELLA, one of its bus...
    Hitachi Automotive Systems, a global mega supplier in the making
    Automakers and suppliers are joining forces to deal with the immense challenges created by megatrends such as connected cars, electrification, and autonomous driving. Today, there are hardly any automakers which are not investing in these fields. For new innovations with regards to these megatrends ...
    Nidec completes acquisition of Omron’s automotive electronics business
    Nidec Corporation has completed the previously-announced acquisition of automotive electronics business from Omron Corporation, the company said in a press release. The acquisition was completed on 31 October. Nidec also acquired a set of Omron subsidiaries—Omron Automotive Electronics de Mexico S...
    Hella to divest relay business to Chinese relay manufacturer Hongfa
    Hella has decided to sell its relay business to Chinese relay manufacturer Hongfa for EUR10 million (USD11 million), the company said in a press release on 12 November. The idea behind the divestment is for Hella to streamline its businesses following market trends in electric mobility and autonomou...
    Osram recommends shareholders accept current takeover offer from ams
    Osram has announced that it has concluded a comprehensive business combination agreement (BCA) with Austrian sensor firm ams and recommends its shareholders accept the current takeover offer from ams, the two companies said in separate press releases on 12 November. “ams welcomes the positive reco...
    GM sells shuttered plant in US state Ohio to electric pickup truck start-up Lordstown Motors
    GM has completed the sale of its Lordstown Assembly Plant in Ohio, United States, to an electric vehicle (EV) start-up for an undisclosed amount, Reuters reported last week. The start-up, Lordstown Motors Corp (LMC), plans to revamp the shutter plant to begin production of an electric pick-up truck ...
    Cooper Tire to acquire 100% ownership of Mexican JV facility
    Cooper Tire & Rubber Company has announced plans to increase ownership in its Mexican joint venture (JV) tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58% to 100%, according to a press release earlier this month. To this end, Cooper Tire and Trabajadores Demo...
    ams announces start of acceptance period for new takeover offer for Osram
    Austrian sensor specialist ams has announced the start of acceptance period of an all-cash takeover offer for 100% of the share capital of Osram Licht AG at EUR41 per share, ams said in a press release on 7 November. Following clearance of the offer document, Osram shareholders are now able to tende...
    Aisin Seiki announces plan to merge with Aisin AW
    Japanese auto components and transmission manufacturer Aisin Seiki has announced a plan to merge with their automatic transmission production brand, Aisin AW, in a press statement released on October 31st. The planned management integration is being done in order to adapt to automotive industry disr...
    ABB to acquire major stake in China-based EV charging provider Chargedot
    Switzerland’s ABB is set to acquire a majority stake of 67% in Shanghai Chargedot New Energy Technology Co., Ltd. (Chargedot), a major Chinese e-mobility solution provider, the company announced on 28 October. The transaction is expected to be completed in next few months. ABB said it might increa...
    Honda agrees to merge three affiliate suppliers with Hitachi Automotive Systems to create new mega supplier
    Honda has concluded a basic merger agreement with Hitachi Ltd to merge its three affiliated suppliers—Keihin Corporation, Showa Corporation and Nissin Kogyo Co Ltd—with Hitachi Automotive Systems to create a global mega supplier with consolidated sales of JPY1.7 trillion (USD15.6 billion), ...
    FCA, PSA Groupe agree to combine business in 50:50 merger
    Fiat Chrysler Automobiles (FCA) and Groupe PSA have agreed to combine their businesses in a 50:50 merger, the two automakers said in joint press release today (31 October). The Board of Directors of FCA and the Supervisor Board of PSA have given mandates to their respective senior management teams t...
    Veoneer to divest brake system JV operations in Japan and China
    Veoneer has inked agreements to sell its 51% stake in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture (JV) partner Nissin-Kogyo Co., Ltd. and Honda Motor Co Ltd, according to a company press release. The purchase price is ar...
    Lighting Suppliers strategy: Outlook
    ADAS (advanced driver assistance systems) and AD (autonomous driving) are now some of the main reasons for the automotive industry to improve safety for drivers and road users. Technologies such as laser, digital projections, and LED matrix are gathering momentum in the industry for both exterior an...
    Accenture acquires connected vehicle software provider FutureMove Automotive
    Accenture has acquired connected vehicles software provider FutureMove Automotive in a bid to offer more digital services to Chinese carmakers, the Yicai Global reported on 9 October. The deal will boost  Accenture's Industry X.0 framework and will offer digital consulting in smart connected in...
    General Motors, Tata Consultancy Services to collaborate on vehicle engineering
    In a press release issued on September 16th, Tata Consultancy Services (TCS) has announced their partnership with American automotive manufacturer, General Motors (GM). According to the agreement, TCS will acquire some specific assets at the GM Technical Center located in Bangalore, India. TCS will ...
    ams launches new takeover offer for Osram at EUR41 per share
    Austrian sensor specialist ams has launched a new takeover offer for German lighting major Osram Licht at EUR41 (USD45.8) per share with minimum acceptance threshold of 55%, the two companies announced in separate press releases on 18 October. Based on this new offer, Osram will be valued at ar...
    HT SAAE acquires majority shares in ERAE’s thermal business unit
    Shanghai Aerospace Automobile Electromechanical Co. Ltd. announced on 9 September that its previously separate brands SDAAC and ERAE Automotive will now operate as a single brand named ESTRA. This is a direct result of the acquisition of majority shares by HT-SAAE of Korean firm ERAE Automotive. ...
    Piston Group acquires Marion Industries, becomes brake supplier to Honda
    Detroit-based supplier of electronics assemblies and chassis components, Piston Group, has announced their acquisition of Marion Industries recently, which assembles brake modules for Honda America. The company was purchased by the Piston Group from Ernie Green Industries. In addition to becoming...
    Freudenberg acquires FRICTins’ technology for low-friction powertrain and chassis components
    Germany-based Freudenberg Technology Group, in a press release issued yesterday, has announced the acquisition of the activities of the FRICTins GmbH start-up. This includes in particular the technology developed by FRICTins to improve the friction coefficient of automotive components. This enables ...
    Faurecia acquires Continental’s stake in interior JV
    Faurecia has signed a Memorandum of Understanding (MOU) with Continental to acquire the German supplier’s 50% stake in their equally-owned joint venture (JV), SAS Automotive for EUR225 million (USD248 million), the company said in a press release on 14 October. SAS, founded in 1996, is a major sup...
    VW India companies merge to form Skoda Auto Volkswagen India Private Limited
    Volkswagen Group India has announced the consolidation of three of its passenger car subsidiaries after securing all the required statutory and regulatory approvals. The new entity will operate under the name of Skoda Auto Volkswagen Indian Private Limited (SAVWIPL). Significance: The compan...
    Minda Industries to acquire German lighting design and engineering company Delvis
    Minda Industries Ltd. (MIL) has entered into a definitive agreement with Germany-based automotive lighting design and engineering company, Delvis Gmbh, to acquire a 100% stake in the latter, according to a regulatory filing on 8 October 2019. The transaction is valued at EUR21 million (USD23 million...
    Honda acquires California-based app developer Drivemode
    Honda has announced the acquisition of California-based Drivemode via its research and development unit Honda R&D to strengthen new value creation in its digital and connected mobility products, according to a company press release on 7 October. “We are confident that new value creation wil...
    Martinrea announces additional investment in NanoXplore
    Automotive lightweight metal parts supplier Martinrea International has announced an additional investment in NanoXplore, a manufacturer and supplier of high-volume graphene powder used in diverse industries, including automotive, the company said in a press release last month. Martinrea invested 10...
    08-Oct-2019 News Investments
    Volvo Cars, Geely announce plan to merge their combustion engine operations
    Volvo Cars and parent company Geely have announced their intention of merging their current internal combustion (IC) engine operations into a separate, stand-alone business unit. This is being done in order to create a new global supplier that develops next generation IC engines and hybrid powertrai...
    HCL Technologies to acquire Sankalp Semiconductor
    Software services provider HCL Technologies has announced an all-cash offer for the acquisition of Sankalp Semiconductor for INR1.80 billion (USD25.4 million), according to a press filing last month. Sankalp will operate as a 100% subsidiary of HCL. “Sankalp will complement our strong semicondu...
    ams offer for OSRAM did not achieve minimum acceptance threshold
    Austrian sensor specialist ams has announced that it did not meet the minimum acceptance threshold of 62.5% required in conjunction with the all-cash takeover offer for Germany-based lighting supplier Osram Licht AG, according to a company press release on 4 October. Only 51.6% of Osram shareholders...
    Impact of increasing sensor fitment on the in-vehicle network
    ADAS for Autonomous Driving is the major force for the automotive in-vehicle networking sensor market; especially for image and radar sensors. These devices are being integrated into several interior and exterior components of the vehicle, including radar into bumpers and grills, and image sensors i...
    ams increases direct shareholding in Osram to 19.99%
    Austrian sensor specialist ams has increased its direct shareholding German lighting supplier Osram Licht AG to 19.99%, it announced in a press release on 1 October. This shareholding includes Osram shares unconditionally bought by ams but does not include the shares already tendered into ams’ all...
    Novelis gets European Commission approval for proposed acquisition of Aleris
    Novelis has received conditional approval from European Commission (EC) to acquire Aleris, the company announced in a press release on 1 October. The approval is conditioned upon the sale of Aleris' plant in Duffel, Belgium, which produces aluminum for the automotive and specialties markets. Novelis...
    Aptiv acquires German micro duct maker gabo Systemtechnik
    Aptiv has reached a definitive agreement to acquire Germany-based gabo Systemtechnik from private equity firm Bregal Unternehmerkapital for USD310 million, the US-based supplier said in a press release on 2 October. gabo Systemtechnik, also known as gabocom, specialises in advanced cable management ...
    Elmos Semiconductor completes sale of Silicon Microstructures to TE Connectivity's subsidiary Measurement Specialties
    Elmos Semiconductor has completed the sale of Silicon Microstructures (SMI) to Measurement Specialties, a subsidiary of TE Connectivity, the company announced in a press release on 30 September.   The subsidiary was deconsolidated on October 1 and the parties expect to close the transactio...
    ams raises takeover offer for Osram to EUR41 per share
    Austrian sensor specialist ams has increased the price of its takeover offer for 100% of the share capital of Germany-based lighting supplier Osram to EUR41 per share, ams announced in a press release on 27 September. ams declared the bid to be its “best and final” offer, which continues to expi...
    UMC gets final approval for acquisition of Mie Fujitsu Semiconductor
    United Microelectronics Corporation (UMC) has announced that it has received relevant regulatory approvals to complete the acquisition of Mie Fujitsu Semiconductor (MIFS), according to a company press release on 25 September. The acquisition is expected to be completed on 1 October. The final tra...
    CIE Automotive acquires Italy-based gears maker Somaschini
    CIE Automotive has acquired 100% of the share capital of Italian supplier Somaschini S.p.A for EUR79.6 million (USD87.4 million), the Spain-based automotive supplier said on 25 September. CIE will fund the acquisition through its available cash upon the closing date. The company expects to conclude ...
    Osram receives indicative offer from Advent and Bain Capital
    A consortium comprising Bain Capital and Advent has indicated a willingness to prepare a new takeover bid for Osram Licht, the German lighting supplier said on 25 September. In the coming weeks, the consortium intends to conduct confirmatory due diligence before deciding on a binding offer. In its l...
    Woodbridge buys out its JV with GSK Corporation
    Woodbridge has bought the entire stake in its Chinese joint venture (JV), Woodbridge GSK High Polymer Technology (WGSK), from its partner GSK Corporation, the company announced in a press release on 23 September. The acquisition includes molded foam manufacturing operations in China in Wuhan (WGSK),...
    Rheinmetall Automotive acquires minority stake in Carbon Truck & Trailer
    Rheinmetall Automotive, through its subsidiary KS Kolbenschmidt GmbH, has acquired a minority stake of 24.9% in Carbon Truck & Trailer GmbH (CarbonTT), according to a company press release on 11 September. Germany-based CarbonTT is a start-up company founded in 2013 with 12 employees. The compan...
    Osram publishes reasoned opinion on takeover offer from ams
    Osram’s executive board and the majority of its supervisory board have published their reasoned opinion on takeover offer from Austrian sensor company ams. According to an Osram press release on 16 September, the company board recommend in their reasoned opinion that Osram shareholders accept the ...
    ZF considers options to divest stake in Haldex
    ZF is considering options to divest its 20% stake in Haldex, the company announced on 12 September. The German automotive supplier is the largest shareholder in the Sweden-based braking system manufacturer for commercial vehicles owning 8.9 million shares through its through its subsidiary, ZF ...
    Calsonic Kansei, Magneti Marelli to officially change name to MARELLI next month
    Calsonic Kansei and Magneti Marelli will officially change their respective legal company names to MARELLI from next month, the two companies said in a joint press release on 9 September.  While Calsonic Kansei Corporation will change its name to MARELLI Corporation, Magneti Marelli S.p.A will ...
    Mahindra & Mahindra acquires 55% stake in Meru Cabs in India
    Indian automaker Mahindra & Mahindra (M&M) has agreed to acquire 55% stake in local car rental company Meru Cabs, the company said in a filing to the Bombay Stock Exchange (BSE) on 31 August. M&M will pay INR1.03 billion (USD14.25 million) for the controlling stake in Meru. The paym...
    ams announces start of acceptance period of takeover offer for OSRAM Licht
    Austrian electronics company ams has announced the start of the acceptance period of its offer for all outstanding shares of OSRAM Licht through its wholly-owned subsidiary Opal BidCo GmbH, according to an ams press release on 3 September. The offer document was approved by the German Federal Financ...
    Teijin completes acquisition of Benet Automotive
    Teijin Limited has completed its previously announced acquisition of Benet Automotive s.r.o. (Benet), a major automotive composite and component supplier in the Czech Republic, from Jet Investment, according to a company press release on 2 September. The acquisition was completed on 30 August. Be...
    Telenav to transfer Thinknear location-based digital advertising operations to inMarket Media
    Telenav will transfer its Thinknear location-based digital advertising operations assets to inMarket Media in exchange for a minority equity interest in the latter company, the company announced in a press release on 8 August. The transaction is expected to be completed during Telenav’s fiscal qua...
    India’s Sona Group partners with Comstar Automotive to develop EV focused automotive technology platform
    India-based Sona BLW Precision Forging Ltd. and Blackstone’s automotive portfolio company Comstar Automotive Technologies Ltd. have announced the completion of a transaction that forges a partnership between the firms, Blackstone said in a press release on 30 August. The partnership will create an...
    Toray concludes agreement to acquire Alva Sweden
    Toray Industries has concluded an agreement with AB Anders Westerlind to acquire a Swedish manufacturer of cushions for automotive airbag systems Alva Sweden AB (Alva), the Japanese supplier said on 28 August. The agreement includes acquisition of all of the shares of Alva Sweden AB and it...
    Dana acquires e-Powertrain integrator Nordresa
    Dana has completed the acquisition of Canada-based Nordresa Motors, an integration and application engineering expert for the development and commercialization of electric powertrains for commercial vehicles. The acquisition will help Dana better integrate its complete portfolio of electric vehicle ...
    Energy company Statkraft acquires German EV charging company E-Wald GmbH
    Norway-based energy company Statkraft has fully acquired German electric vehicle (EV) charging company E-Wald GmbH, the company announced in a press release on 23 August. The acquisition will further strengthen Statkraft’s position in the German and European EV charging market.  “E-WALD ...
    DoorDash acquires self-driving startup Scotty Labs
    DoorDash, a US-based on-demand food delivery service provider, has acquired self-driving startup Scotty Labs, TechCrunch reported on 21 August. The acquisition was confirmed by Tobenna Arodiogbu, co-founder and CEO of Scotty Labs on a blog post on Medium. “I’m excited to announce that Scotty Lab...
    Blue World Technologies acquires 15% stake in fuel cell component manufacturer Danish Power Systems
    Blue World Technologies has acquired a 15% stake in fuel cell component manufacturer Danish Power Systems, the company announced in a press release on 21 August. Blue World is planning to use MEA (membrane electrode assembly) for its methanol fuel cell systems. Blue World also announced that it...
    ams to launch takeover offer following cooperation agreement with OSRAM Litch
    Austrian electronics company ams will formally launch a takeover offer for OSRAM Licht at EUR38.5 per OSRAM share following waiver of standstill agreement by the latter, the two companies announced in separate press releases on 21 August. OSRAM said that it has waived an agreement that so far has pr...
    PPG completes acquisition of Dexmet
    Coatings supplier PPG has completed its acquisition of Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications, according to a company press release on 14 August. The company didn’t disclose the financial terms of the transaction....
    Asia Electric, DrivAMP merge operations, launch new EV charging company 'BrightBlu' in India
    Asia Electric and DrivAMP have merged operations to launch a new electric vehicle (EV) charging company called ‘BrightBlu’ in India, BrightBlu announced in a press release on 13 August. BrightBlu will offer an integrated suite of hardware solutions, cloud services, and support for EV drivers as ...
    Indian ride-hailing company Ola acquires AI startup Pickup.ai to develop advanced mobility solutions
    Ola has acquired Pickup.ai, an artificial intelligence (AI) startup developing advanced technology solutions for mobility, the Indian ride-hailing company said in a press release on 13 August. Pickup.ai, based in Bangalore, India, uses autonomous technologies such as AI, computer vision, and se...
    OSRAM, ams hold discussions on business combination agreement
    OSRAM and ams have held discussions on a business combination agreement and on other topics after the Austrian sensor specialist submitted a proposal to acquire the German lighting company on 11 August, the two companies confirmed in separate press releases on 14 August. The business combination agr...
    Sumitomo Chemical acquires Turkish plastic compounder Emas Plastik
    Sumitomo Chemical, through its subsidiary Sumika Polymer Compounds Europe Ltd., has acquired Turkish plastic compounder Emas Plastik A.S. and its affiliated companies (the Emas Group), according to a company press release on 5 August. Subsequent to the acquisition, Sumitomo Chemical has made the Ema...
    ams submits proposal for takeover offer to OSRAM
    Austrian electronics company ams has submitted an all-cash offer to acquire OSRAM in a deal that values the Germany-based lighting supplier at EUR3.7 billion (USD4.1 billion), the company said in a press release on 11 August. ams is offering to pay EUR38.50 per share to acquire 100% of the share cap...
    Varroc Engineering acquires majority stake in telematics firm CarIQ
    India-based Varroc Engineering has acquired 74% equity stake in home-grown telematic solutions provider CarIQ Technologies, the company said in a regulatory filing last week. CarIQ specialises in integrated connected vehicle solutions for automakers, fleet owners, and insurance companies. The compan...
    Synopsys to acquire QTronic to accelerate vehicle system and software development
    Synopsys has signed a definitive agreement to acquire QTronic, a Germany-based firm specializing in simulation, test tools and services for automotive software and system development, the US-based company said in a press release on 6 August. QTronic offers tools such as Silver, an electronic control...
    European Commission approves Hitachi’s acquisition of Chassis Brakes International
    The European Commission (EC) has approved, under the ‘EU Merger Regulation’, the acquisition of Chassis Brakes International (CBI) by Hitachi, through its subsidiary Hitachi Automotive Systems, Ltd. (HIAMS), according to a press release on 2 August on the official website of the European Commiss...
    Indorama Ventures acquires Italian polyester yarn supplier Sinterama
    Indorama Ventures has acquired Sinterama, an Italy-based company specializing in colored polyester threads and yarns, for an undisclosed amount, the company said in a press release on 30 July. Founded in 1969, Sinterama operates five production facilities in Italy, Brazil, China, and Bulgaria, emplo...
    Volkswagen partners with EV charging station software company has·to·be
    Volkswagen Group, through its subsidiary Elli, has acquired a minority stake in electric vehicle (EV) charging station software company has·to·be, the automaker announced in a press release on 31 July. The two companies will work together to expand the pan-European charging network. “Simple a...
    Ford Smart Mobility acquires software firm Journey Holding
    Ford Smart Mobility (FSM), a Ford’s subsidiary focusing on new mobility solutions, has acquired Journey Holding Corporation, a company that specialises in vehicle tracking software and app-based technology for public transportation, the US automaker said in a press release on 30 July. As part of F...
    Ford acquires Quantum Signal to accelerate self-driving car development program
    Ford has acquired Quantum Signal, a US-based company specializing in mobile robotics, simulation and modelling, the automaker said in a press release on 30 July. Quantum Signal is known for its work in ANVEL (Autonomous Navigation Virtual Environment Laboratory) modelling and simulation, which has b...
    CFIUS approves UQM Technologies’ merger with Danfoss subsidiary
    The Committee on Foreign Investment in the United States (CFIUS) has given approval to UQM Technologies’ merger with Danfoss Power Solutions, a subsidiary of Danfoss, UQM announced in a press release on 25 July. In accordance with the merger agreement, the companies have agreed that the closing wi...
    PPG to acquire specialty materials manufacturer Dexmet
    PPG has signed a definitive agreement with private equity firm Sverica Capital Management LP to acquire Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications, according to a company press release on 22 July. The transaction is exp...
    Velodyne acquires mapping and localization software specialist Mapper.ai
    Velodyne Lidar has acquired Mapper.ai, a US-based company specializing in mapping and localization software for autonomous driving applications, the company said in a press release on 23 July. The acquisition is expected to help Velodyne to accelerate development of Vella software which the US-based...
    Toyota plans to transfer shares in Yutaka Seimitsu Kogyo to JTKET
    Toyota and JTEKT have agreed to start consideration toward the transfer of Toyota-owned shares of Yutaka Seimitsu Kogyo, Ltd. (Yutaka Seimitsu) to JTEKT by January 2020, the two companies announced in separate press releases on 10 July. Upon completion of the transaction, all Yutaka Seimitsu operati...
    Sumitomo to acquire stake in automotive brake parts maker Asama Giken from Honda
    Sumitomo Corporation has reached an agreement with Honda Motor to acquire shares of Asama Giken Co Ltd. from the automaker, Sumitomo announced in a press release on 8 July. Financial terms were not disclosed. Significance: The company said that the market for brake discs and drums, which are...
    Autokiniton Global Group to acquire Tower International
    Autokiniton Global Group has inked a definitive agreement with Tower International to acquire the latter for USD31 per share in cash, Tower International said in a press release on 12 July.  The transaction represents a 70% premium to Tower's closing stock price on 11 July 2019.  Including...
    Indian supplier Bharat Gears acquires Xlerate Driveline
    Indian supplier Bharat Gears has acquired local clutch plate manufacturer Xlerate Driveline India from Raunaq EPC International Limited (REIL), the company said in a filing to the Bombay Stock Exchange (BSE) last week. “Board of Directors, on July 2, approved the acquisition of 14,877,038 equity s...
    AB Dynamics acquires vehicle simulation software specialists rFpro
    AB Dynamics has acquired rFpro, a company specializing in driving simulation for advanced driver assistance systems (ADAS), autonomous systems and vehicle dynamics, the company said in a press release last week. The acquisition strengthens AB Dynamics' position in the simulation-based verification m...
    Adell Group strengthens automotive presence in North America with two acquisitions
    Adell Group Inc, a portfolio company of Kinderhook Industries, LLC (Kinderhook), has acquired US-based Powerflow Inc. and Powerflow Products Ltd., and Canada-based Gestion Solutions Plastik Inc., according to a press release by Kinderhook last month. The terms of the deal were not disclosed. Subsequ...
    Teijin to acquire composite parts supplier Benet Automotive
    Japan-based Teijin Limited has agreed to acquire Benet Automotive s.r.o. (Benet), a major automotive composite and component supplier in the Czech Republic (Czechia), from Jet Investment, according to a company press release on 4 July. The company did not disclose the terms of the acquisition. He...
    OSRAM confirms receiving binding offer from Bain Capital, Carlyle Group
    OSRAM has received a binding offer from private equity (PE) firms Bain Capital and Carlyle Group to acquire the company at EUR35 per share, the German lighting supplier said in a press release on 3 July. The takeover bid puts an equity value on OSRAM of EUR3.4 billion (USD3.8 billion). The company...
    Auto supplier NYX acquires injection molder and toolmaker Beach Mold & Tool
    Auto supplier NYX Inc. has acquired the operations of US-based injection molder and toolmaker Beach Mold & Tool Inc., according to a report by Plastics News on 1 July. Terms of the deal were not disclosed. "This transaction provides growth opportunity and job stability for all our employees, ...
    Hexpol acquires rubber compounder Preferred Compounding
    Sweden-based Hexpol has announced the acquisition of rubber compounder Preferred Compounding from a US-based Private Equity firm Audax Group, according to a company press release on 1 July. The deal is valued at approximately USD232 million on a cash and debt-free basis and is funded by a combinatio...
    WABCO shareholders approve acquisition by ZF Friedrichshafen
    WABCO Holdings has announced that its shareholders have approved the company’s acquisition by ZF Friedrichshafen, the two companies said in separate press releases. In a shareholder vote held on 27 June, 68.44 % of WABCO's outstanding share capital voted in favor of the transaction agreed by ZF an...
    Uber acquires Mighty AI to accelerate self-driving car development
    Uber has acquired Mighty AI, a US-based startup which develops training data for computer vision models, The Information reported on 26 June. The acquisition includes Mighty AI’s intellectual property, tooling, tech talent and labeling community. About 40 employees of Mighty AI will join Uber at i...
    Apple acquires self-driving startup Drive.ai
    Apple has acquired self-driving startup Drive.ai for an undisclosed amount, CNBC reported on 25 June. The acquisition comes a few days ahead the US-based startup gearing up to close its operations by this Friday, according to WARN document filed with the Employment Development Department of Californ...
    Getaround acquires Norwegian peer-to-peer car-sharing platform Nabobil
    Getaround has acquired Norway-based peer-to-peer car-sharing platform Nabobil for USD12 million, the company said in a press release on 25 June. The acquisition further expands the US-based company’s peer-to-peer car-sharing operations to seven European countries, which apart from Norway, includes...
    CIE Automotive acquires Precision Machined Companies of Mexico and Precision Courts of Mexico
    CIE Automotive has acquired 100% of the share capital of two Mexico-based companies—Maquinados de Precisión de México S. de R.L de C.V. and Cortes de Precisión de Mexico S. de R.L de C.V., according to a company press release on 24 June. The deal is valued at USD65.5 million (about EUR58 millio...
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