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    Is Tesla’s application of LFP cathode technology indicative of price over performance?
    A recent development has got the automotive industry talking about a battery chemistry which, over the last half-a-decade, has been steadily losing market share in the electric vehicle (EV) segment—lithium iron phosphate (LFP). Tesla recently received an approval from the Mainland Chinese governme...
    Consumer Survey: Will we see an increase in anti-microbial coating in automotive due to the COVID-19 pandemic?
    The coronavirus disease 2019 (COVID-19) pandemic has caused severe disruptions in the global automotive supply chain. With no immediate solution in sight, federal governments around the world issued stay-at-home orders and called for the closure of non-essential businesses. This forced OEMs to suspe...
    15-Jun-2020 Insights COVID-19 Pinned
    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...
    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...
    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...
    ZF, WABCO expect to complete merger in Q2 2020
    According to a press release issued on 24 March, American auto parts maker WABCO and German auto components supplier ZF Friedrichshafen have stated that both companies have received all the requisite approvals from relevant regulatory authorities, with the exception of the Chinese State Administrati...
    ABB acquires majority stake in EV charging provider Chargedot
    Switzerland’s ABB has completed its acquisition of a majority stake of 67% in Chargedot Shanghai New Energy Technology Co., Ltd. (Chargedot), according to a company press release on 17 March. The transaction was first announced in October 2019. Significance: Chargedot supplies AC and DC chargin...
    M&A: TE Connectivity acquires majority stake in sensor maker First Sensor AG
    TE Connectivity (TE) has acquired a majority stake in sensor specialist First Sensor AG, according to a company press release on 12 March 2020. TE, through its wholly owned subsidiary TE Connectivity Sensors Germany Holding AG, holds a total of 71.87% stake in First Sensor. First Sensor is a tech...
    M&A: Accenture to acquire automotive embedded software developer ESR Labs
    Accenture has agreed to acquire ESR Labs, a Germany-based company that develops embedded software for leading German car brands and suppliers, Accenture said in a press release on 10 March. Financial terms of the deal were not disclosed. The completion of the acquisition is subject to customary clos...
    M&A: Luxoft to acquire AI mobility systems developer CMORE Automotive
    Luxoft has reached an agreement to acquire CMORE Automotive, a Germany-based company specializing in the development and validation of artificial intelligence (AI)-driven mobility systems, DXC Technology, the parent company of Luxoft, said in a press release on 5 March. CMORE operates a network of a...
    M&A: Cypress gets CFIUS clearance for merger with Infineon Technologies
    Cypress Semiconductor Corp has announced the Committee on Foreign Investment in the United States (CFIUS) has, on completion of its review of the proposed merger transaction between Cypress and Infineon Technologies AG, determined that there are no unresolved national security concerns. The ...
    STMicroelectronics to acquire majority stake in GaN specialist Exagan
    STMicroelectronics has signed an agreement to pick up a majority stake in French Gallium Nitride (GaN) specialist Exagan, the company announced via a press release on 5 March. Exagan will continue to execute its product targets while STMicroelectronics will help with the deployment. STMicroelectr...
    Adient enters agreement to sell fabric business to Sage Automotive
    Adient has entered into a definitive agreement to sell its automotive fabric business, including its lamination business, to Sage Automotive Interiors for USD175 million, the company said in a press release on 5 March. The planned sale include 11 facilities, mainly in Europe, with 1,300 employees. A...
    Punch Group acquires General Motors' propulsion engineering center in Italy
    Punch Group and General Motors (GM) have announced an agreement wherein, Punch Group has acquired GM’s propulsion engineering center in Turin, Italy, GM said in a press release on 27 February. The transaction between the two companies includes an engineering services agreement to support GM’s gl...
    Envision AESC to merge Envision AESC Energy Devices with Envision AESC Japan
    Envision AESC Group (EA Group) announced that it has decided to merge its subsidiaries Envision AESC Energy Devices (EA Energy Devices) with Envision AESC Japan (EA Japan) in a press release dated 26 February. EA Japan will be the surviving company and the merger's effective date is April 1, 2020. E...
    EDF acquires EV charging company Pod Point
    EDF has acquired a majority stake in Pod Point, one of the major electric vehicle (EV) charging companies in the United Kingdom, EDF said in a press release on 13 February. The acquisition is part of EDF’s newly formed joint venture (JV) with Legal & General Capital. As part of the JV, Legal &...
    Volvo Cars, Geely Automobile consider combining businesses
    Volvo Cars and Geely Automobile Holdings are considering combining their businesses to create a strong global group, the Sweden-based carmaker announced in a press release on 10 February. The two companies will set up a joint working group to prepare a proposal to their respective boards. The pro...
    PPG completes acquisition of manufacturer of automotive refinish coatings ICR
    PPG has announced the completion of its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, according to a company press release on 3 February. The company did not disclose the financial t...
    Fujitsu to reorganize semiconductor business
    Fujitsu has announced plans to reorganize its semiconductor business in a press release on 30 January. Under the terms of the reorganization, Fujitsu Semiconductor Ltd (FSL) would be absorbed by its parent company, Fujitsu. The effective date of the merger is 31 March 2020. The first process will...
    Knorr-Bremse's indirect subsidiary Bendix to acquire R.H. Sheppard from Wabco
    Knorr-Bremse’s indirect subsidiary Bendix Commercial Vehicle Systems LLC has entered into a definitive agreement to buy R.H. Sheppard Co., Inc. (Sheppard) from WABCO Holdings, Wabco announced in a press release on 30 January. The deal is valued at USD149.5 million. Sheppard is a major supplier ...
    BorgWarner to acquire Delphi Technologies for USD3.3 billion
    BorgWarner has reached a definitive agreement to acquire Delphi Technologies in an all-stock transaction for USD3.3 billion, BorgWarner announced in a press release on 28 January. Under the terms of the agreement, which has been approved by the boards of directors of both companies, Delphi Technolog...
    Cooper Tire completes acquisition of Mexico JV tire plant
    Cooper Tire & Rubber Company has completed the acquisition of Mexico joint venture (JV) tire manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA), the company announced in a press release on 27 January 2020. The company has increased its ownership stake in Mexican JV from 58%...
    Chinese automaker Great Wall agrees to buy GM’s plant in India
    Great Wall Motor has agreed to acquire General Motors’ (GM) Talegaon plant near Pune in Maharashtra, India, Reuters reported on 17 January. The deal is expected to accelerate the Chinese automaker’s plan to build and sell vehicles in India. Great Wall expects to formally close the deal by the se...
    Wind River acquires Star Lab to expand cybersecurity portfolio
    Wind River has acquired Star Lab, a company dealing with cybersecurity for embedded systems, the company announced in a press release on 14 January. Financial details and other terms of the deal were not disclosed. The acquisition helps Wind River expand its software portfolio with an anti-tamper...
    TTTech Auto acquires Turkey-based ADAS company Red Pine Software
    TTTech Auto, a major player in safety software platforms for automated driving, has acquired the Turkish software company Red Pine Software, according to a company press release on 7 January. The acquisition became effective as of 1 January 2020. Red Pine specializes in automotive embedded software ...
    Volkswagen Group agrees to fully acquire digital company diconium
    Volkswagen Group (VW) has reached an agreement with the founding shareholders of Germany-based digital company disconium to take its full ownership by acquiring all of the shares in the company, the automaker said in a press release on 10 January. VW had acquired 49% stake in diconium in November 20...
    Freudenberg completes acquisition of Filc
    Freudenberg has completed its previously announced acquisition of Filc, Freudenberg said in a press release on 14 January 2020. Filc will be integrated into the Freudenberg Performance Materials Business Group and will continue trading under the name Filc for the time being. “With the acquisiti...
    PPG to acquire automotive refinish coatings manufacturer Industria Chimica Reggiana
    PPG has signed a definitive agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, the two companies announced in a joint press release on 8 January. The transaction, subject to customa...
    Toray completes acquisition of automotive airbag cushion manufacturer Alva Sweden AB
    Toray Industries, Inc. has completed its previously announced acquisition of Alva Sweden AB, a manufacturer of cushions for automotive airbag systems, on 7 January, according to a company press release. Subsequent to the transaction, Alva Sweden AB retains its company name. Alva has been manufact...
    Chinese computer and telecom equipment maker Wingtech acquires controlling stake in Nexperia
    Nexperia has announced that Wingtech has officially acquired a controlling stake in the company from Beijing Jianguang Asset Management, a press release dated 24 December states. Details of the deal, including the consideration, were not disclosed. Nexperia will continue to remain an independent ...
    Eaton completes divestment of Automotive Fluid Conveyance Division
    In a press release issued on 2 January, power management firm Eaton announced that it has completed the sale of its Automotive Fluid Conveyance Division. The buyer of this division was international investment firm Quantum Capital Partners. However, the terms of the sale agreemen...
    ams achieves final acceptance level of 59.9% in takeover offer for Osram
    Austrian sensor specialist ams has announced the final results of its all-cash takeover offer for German supplier Osram Licht AG. According to a company press release on 2 January, ams has achieved a final acceptance level of 59.9% by the end of the additional acceptance period. The closing of the t...
    LS Power to acquire EV charging company EVgo
    US-based power and energy infrastructure company LS Power has decided to acquire electric vehicle (EV) charging company EVgo from Vision Ridge Partners, EVgo announced in a press release on 20 December. The transaction is expected to close in early 2020. Financial terms were not disclosed. ...
    Koito agrees to take full ownership of Indian JV
    Koito Manufacturing Co Ltd. has agreed to take full ownership of Indian joint venture (JV)—India Japan Lighting Private Limited (IJL)—according to a company press release on 23 December. Koito has decided to acquire all of the shares of IJL owned by its JV partner Lucas TVS Limited (L-TVS) for I...
    Showa Denko to acquire Hitachi Chemical
    Showa Denko  has decided to fully acquire Hitachi Chemical Company for JPY964 billion (USD8.8 billion), the company announced in a  press release on 18 December. The tender offeror aims to commence the tender offer by around February 2020. Significance: Showa Denko said that it has high...
    Fiat Chrysler Automobiles agree to sell Teksid’s cast iron business to Brazilian supplier Tupy
    Fiat Chrysler Automobiles (FCA) has entered into an agreement with Tupy S.A. to sell FCA’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A., the automaker said in a press release on 20 December. The proposed sale includes Teksid’s cast i...
    Martinrea International to acquire Metalsa’s ‘Structural Components For Passenger Cars Division’
    Martinrea International Inc. has inked an agreement with Metalsa S.A. de C.V., Mexico-based manufacturer of metal structures for light and commercial vehicles of the automotive industry, to acquire the latter’s ‘Structural Components for Passenger Cars Division’, the two companies said in sepa...
    Groupe PSA and FCA agree to merge; sign binding ‘Combination Agreement’
    Groupe PSA and Fiat Chrysler Automobiles (FCA) have agreed to the terms of a previously-announced merger and signed a binding ‘Combination Agreement’ today (18 December), the two companies said in a joint press release. The 50:50 merger paves the way for creating the world's fourth largest autom...
    Denso picks up stake German start-up PiNTeam
    Denso has announced that it has bought a stake in Germany-based PiNTeam Holding, an in-vehicle embedded software technology provider, a company press release on 17 December stated. The details of the deal including the consideration and stake were not disclosed. Denso says the acquisition will bo...
    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...
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