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    Automotive chip market remains strong despite looming inventory correction and macroeconomic headwinds
    In 2022, the car chip market exceeded USD52 billion—a new high-water mark. In the wake of the growing global chip shortage due to COVID-19, prices for automotive semiconductors are reset, resulting in higher revenue for car chips in 2021 and 2022. The chip content continues to increase in the next...
    Middleware software: The race to develop automotive operating system
    Software now underpins virtually all elements of the vehicle, from basic cockpit functions to new safety features and powertrain management systems. The advances in vehicle software architectures and function developments are helping automakers to find new revenue, monetizing parts of the vehicle th...
    Indian supplier Endurance Technologies acquires BMS company Maxwell Energy Systems
    India-based tier-1 automotive component supplier Endurance Technologies has entered into an agreement with ION Energy Inc. (ION) for acquisition of 100% stake in Maxwell Energy Systems Private Limited, the company said in a regulatory announcement on 18 May 2022. Maxwell Energy Systems, ION'S advanc...
    Lear Corporation acquires seating materials company Thagora Technology
    Lear Corporation has announced its acquisition of Romania-based seating materials specialist Thagora Technology SRL, according to a press release published by Lear Corporation on 19 May.   Frank Orsini, Lear executive vice president and president, Seating, said, “Thagora offers L...
    Antin infrastructure to invest in European EV charging points operator Power Dot
    Antin Infrastructure Partners has announced that it signed an investment agreement with Power Dot, Arié Group and other current shareholders to acquire a controlling stake in electric vehicle (EV) charging operator Power Dot, according to a press release published by Antin on 18 May. Nicolas Mal...
    Steel Dynamics acquires Mexican recycling company ROCA
    US steel manufacturer Steel Dynamics announced via press release on 16 May that it had entered into a definitive agreement to acquire Mexican ferrous and nonferrous scrap metals recycling company ROCA. According to the press release, the acquisition will allow Steel Dynamics to acquire 4 scrap pr...
    Northern Graphite acquires natural graphite mines in Quebec and Namibia
    North American mining company Northern Graphite announced via press release on 2 May that it had closed its acquisition of the Lac des Iles graphite mine (“LDI”) in Quebec and the Okanjande graphite deposit/Okorusu processing plant in Namibia. According to the press release, the company purch...
    Gentherm to acquire Alfmeier’s automotive seating business
    Gentherm has announced via press release on 4 May it entered into a definitive purchase agreement to acquire automotive seating business of Alfmeier Präzision SE (Alfmeier) for EUR177.5 million (USD186.69 million). Gentherm expects to achieve around USD10 million in annual run-rate cost savings ...
    Plastic Omnium acquires Varroc’s automotive lighting business
    Plastic Omnium has acquired Varroc’s automotive lighting business, Varroc Lighting Systems (VLS) for EUR600 million (USD635.43 million), according to a press release published by Plastic Omnium on 29 April. The transaction includes 100% ownership of VLS’ companies in Europe, Americas, and Nor...
    Blink Charging acquires UK’s EB Charging, consolidates global footprint
    US-based electric vehicle (EV) charging network provider Blink Charging Company announced on 26 April 2022 that its wholly owned subsidiary in Europe, Blink Holdings BV, has acquired UK’s Electric Blue Ltd. (also known as EB Charging). EB Charging is a provider of integrated EV charging and sus...
    Prospect sells stake in Arcadia lithium project to battery materials producer Huayou
    Australian battery minerals company Prospect Resources announced via press release on 20 April that it had sold its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of mainland Chinese lithium-ion (Li-ion) battery materials producer Zhejiang Huayou Cobalt. According to the ...
    ArcelorMittal acquires 80% stake in Voestalpine’s USD1billion steel pre-material plant in Texas
    Luxembourg-based steel company ArcelorMittal announced via press release on 14 April that it had signed an agreement to acquire an 80% shareholding in Austrian steel manufacturer voestalpine’s Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas, US. According to the press release, ...
    Bosch to acquire self-driving startup FIVE to advance software development for autonomous driving
    Bosch has announced that the company has signed an agreement at the beginning of April to acquire self-driving car startup Five to strengthen its software development for automated driving systems, according to Bosch’s press release on 12 April 2022. The company has not disclosed the financial det...
    Automotive software company CARIAD acquires mobility startup Voya
    Volkswagen’s software unit CARIAD has acquired travel technology startup Voya, it said in a press release on 1 April. Financial details of the deal were not disclosed. Voya offers a digital end-to-end platform that companies can use for the entire business trip process. Significance: CARIAD is ...
    Volkswagen unit CARIAD to acquire Intenta’s automotive division
    Volkswagen’s software unit CARIAD is set to acquire the automotive division of Intenta, it said in a press release on 8 April. The unit will take in more than 100 employees working on sensor data fusion. The acquisition is expected to be completed toward the end of 2022. “Our goal is to ...
    Kongsberg Automotive concludes sale light duty cables business to Suprajit Engineering
    Kongsberg Automotive has completed the sale of its Light Duty Cables (LDC) business unit to line cable manufacturer, Suprajit Engineering Limited, according to a press release on 6 April 2022. In October 2021, Kongsberg Automotive and Suprajit entered into a definitive agreement, and the deal closed...
    Qualcomm completes acquisition of Arriver business from SSW Partners
    Qualcomm Technologies has completed the acquisition of Arriver from US-based investment partnership SSW Partners, according to Qualcomm’s official press release on 4 April 2022. The company said that the acquisition would enhance Qualcomm Technologies’ ability to deliver open, fully integrated, ...
    PPG acquires Italian powder coatings company Arsonsisi
    US specialty chemicals company PPG announced via press release on 1 April that it had completed its acquisition of Italian powder coatings manufacturing business, Arsonsisi. According to the press release, PPG will gain a highly automated, small- and large-batch capable, powder manufacturing plan...
    NI gains EV testing capability by acquiring Kratzer Automation’s systems testing business
    US automated test equipment company NI announced via press release on 31 March that it had entered into a definitive agreement to acquire Kratzer Automation’s systems testing business to strengthen its electric vehicle (EV) testing capabilities. Through the acquisition, NI will be able to test ...
    BorgWarner concludes acquisition of China’s Santroll Automotive Components
    Michigan-based global supplier of powertrain technologies and electric mobility solutions BorgWarner has completed its acquisition of China’s Santroll Automotive Components, the company updated on 1 April 2022. Notably, Santroll Automotive Components is a unit of Santroll’s eMotor business, w...
    SSW Partners completes acquisition of auto part supplier Veoneer
    The US-based investment partnership SSW Partners has concluded the acquisition of automotive parts supplier Veoneer for USD37 per share in an all-cash transaction of USD4.6 billion worth of equity, according to a press release on 1 April 2022. Veoneer's Arriver company is expected to be sold to Q...
    Ascend Performance acquires Indian engineering plastics manufacturer Formulated Polymers
    US synthetics manufacturing company Ascend Performance Materials announced via press release on 29 March that it had reached an agreement to acquire the compounding division of Indian engineered materials producer Formulated Polymers Limited (FPL). According to the press release, the deal, intend...
    Linamar takes over GF’s 50% share in US die-casting JV
    Canadian manufacturing company Linamar Corporation announced via press release on 31 March that it will be acquiring GF Casting Solution’s (GF) 50% interest in their joint venture, GF Linamar LLC, located in Mills River, North Carolina. According to the press release, Linamar will now assume 10...
    Plastic Omnium to acquire ACTIA Power, invests USD22 million in battery startup Verkor
    French automotive supplier Plastic Omnium announced on 29 March 2022 that it has entered into exclusive negotiations with ACTIA Group to acquire its ACTIA Power division, which specializes in the design and production of batteries, power electronics and electrification systems for electric vehicles ...
    SEMIKRON, Danfoss Silicon Power merger to focus on power electronics business
    SEMIKRON and Danfoss Silicon Power have announced a merger to form a Power Electronics business focused on power semiconductor modules. The company said that electricity will be the most essential energy source in the future. All power electronic solutions are built around the power semiconductor...
    Luokung Technology acquires big data company Beijing Hongda Jiutong in China
    Luokung Technology, a leading Spatial-Temporal intelligent big data services company and provider of interactive location-based services and High Definition (HD) maps in China, announced the signing of an agreement to acquire Beijing Zhong Chuan Shi Xun Technology Limited, according to a press relea...
    Otonomo to acquire connected insurance tech firm The Floow
    Otonomo Technologies has announced an agreement to acquire The Floow in a cash and stock deal worth about USD69 million, including a performance based earnout of up to USD37.5 million, a company press release dated 28 February read. The Floow offers Software-as-a-service (SaaS) for connect...
    Indian supplier Minda Industries acquires 100% stake in Harita Fehrer
    Indian automotive supplier Minda Corporation Ltd has acquired the remaining 49% equity stake in Harita Fehrer from F.S. Fehrer Automotive GmbH, the company said in a regulatory filing on 25 March. The transaction enables Minda Corp. to hold 100% stake of Harita Fehrer Ltd. Minda Industries thoug...
    Plastic Omnium to acquire ams Osram's automotive lighting business
    Plastic Omnium has announced the acquisition of lighting specialist ams Osram’s Automotive Lighting Systems GmbH (AMLS) business unit for EUR65 million (USD71.39 million), according to a press release published by ams Osram on 25 March. ams Osram will continue to supply automotive light emittin...
    Aequita acquires ZF's Electronic Interfaces product line
    Germany-based Aequita has concluded an agreement to acquire ZF’s Electronic Interfaces product line to further strengthen its portfolio, the company announced in a press release on 21 March. Commenting on the deal, Thomas Buda, head of the Electronic Interfaces product line, said, "Aequita...
    Bridgestone makes minority investment in autonomous driving startup May Mobility
    Bridgestone has made a minority investment in May Mobility, it said in a press release on 21 March. Through the partnership Bridgestone will integrate its digital and predictive tire-centric technologies into May Mobility autonomous vehicles for enhancing intelligence and safety. The financial detai...
    Luminar acquires high-performance laser manufacturer Freedom Photonics
    The US-based Luminar Technologies is acquiring high-performance laser manufacturer Freedom Photonics, according to an official press release on 21 March 2022. With this acquisition, Luminar now has access to next-generation chip-scale laser technology, intellectual property, and production capabilit...
    Vector Informatik acquires Gimpel Software
    Germany-based Vector Informatik GmbH has acquired Gimpel Software LLC to expand its strategic testing capabilities, according to a press release published by Vector Informatik on 18 March. The transaction includes the acquisition of 100% of Gimpel Software’s assets. Gimpel Software’s e...
    Solvay to split into two independent publicly traded companies
    Belgian multinational chemical company Solvay announced via press release on 15 March that it was reviewing plans to separate the company into two independent publicly traded companies, EssentialCo and SpecialtyCo, as a means towards sharping strategic focus. According to the press release, the m...
    Applied Intuition acquires vehicle dynamics simulation software provider Mechanical Simulation
    Applied Intuition has announced the acquisition of Mechanical Simulation Corporation, a company press release on 14 March read. Mechanical Simulation provides vehicle dynamics simulation software and is known for its flagship product, CarSim. The companies did not disclose the deal consideration. ...
    India’s Reliance New Energy acquires LFP battery company Lithium Werks
    Reliance New Energy Limited, which is a wholly owned subsidiary of Indian conglomerate Reliance Industries Ltd, has signed definitive agreements to acquire all the assets of lithium iron phosphate (LFP) battery maker Lithium Werks BV for USD61 million, Reliance said in a regulatory filing on 14 Marc...
    BorgWarner to acquire China’s Santroll Automotive Components for over USD220 million
    Michigan-based global supplier of powertrain technologies and electric mobility solutions BorgWarner has signed an equity transfer agreement with China’s Santroll Electric Auto and Santroll Automotive Components to acquire Santroll Automotive Components for CNY1.4 billion (USD220.65 million), the ...
    The Compound Company acquires Exxcelor Polymers from ESSO Deutschland GmbH
    The Compound Company announced the acquisition of Exxelor polymer resins from ESSO Deutschland GmbH, ExxonMobil in Cologne, Germany, according to a press release published by The Compound Company on 1 March. The transaction include production site, product portfolio, and existing customer base of Ex...
    Warburg Pincus acquires majority stake in India-based Imperial Auto
    Stone Plant Investments B.V., an affiliate of Warburg Pincus acquired a majority stake in Imperial Auto Industries Limited, according to a press release published by Warburg Pincus on 8 March. Mr. Tarun Lamba, managing director and CEO, Imperial, said, “This is a very interesting time in the au...
    Volex acquires majority stakes in Yantra Technologies
    Volex acquires 51% stake in inYantra Technologies Pvt Ltd. for USD13 million, according to a press release published by Volex on 7 March. The transaction includes purchase of land and the operational buildings used by inYantra, in Pune, India.   Nat Rothschild, executive chairman of Volex, s...
    ABC Technologies completes acquisition of Karl Etzel GmbH
    ABC Technologies completes previously announced acquisition of Karl Etzel GmbH from the Schürrle family for around USD95 million, according to a press release published by ABC Technologies on 4 March. Significance: ABC technologies through the acquisition will leverage Etzel’s knowhow in injec...
    AMD completes acquisition of Xilinx Semiconductor
    AMD completes the acquisition of Xilinx Semiconductors in an all-stock transaction that was announced on 27 October 2020, according to a press release published by AMD on 14 February 2022. The transaction creates a powerhouse that enables AMD with a significantly strong foothold. Dr Lisa Su,...
    KYOCERA AVX Components acquires ROHM Semiconductor’s business
    KYOCERA AVX acquires ROHM Semiconductor’s tantalum and polymer capacitor business assets, according to a press release published by GlobeNewsWire on 4 March. The transfer of assets is scheduled to be executed on 5 August 2022. Johnny Sarvis, CEO, KYOCERA AVX, said, “KYOCERA AVX is excite...
    Gauzy raises USD60 million in Series D funding and announces acquisition of Vision Systems
    Israeli nanotechnology and electrical systems company Gauzy acquires Vision Systems following a successful USD60 million Series D investment round, according to a press release published by Gauzy on 8 February. The new merger will enable Gauzy to leverage on Vision Systems’ cockpit shading solutio...
    onsemi divests semiconductor wafer manufacturing facility
    onsemi signed a definitive agreement with Diodes Incorporated on the divestiture of its Maine fab, according to a press release published by onsemi on 28 February. The company previously closed on the sale of its wafer fabrication facility in Oudenaarde, Belgium.   Hassane El-Khoury, preside...
    ABC Technologies completes acquisition of dlhBOWLES
    ABC Technologies completes the previously announced acquisition of dlhBOWLES from Morgenthaler Private Equity (MPE) Partners for cash consideration of around USD255 million, according to a press release published by ABC Technologies on 1 March.    Significance: Technical plastics and li...
    Lear completes acquisition of Kongsberg Automotive’s ICS business unit
    Kongsberg Automotive (KA) announces completion of sale of its Interior Comfort Systems (ICS) business unit to Lear Corporation, following European Commission’s approval on 25 February 2022, according to a press release published by Kongsberg Automotive on 28 February.    Joerg Buchhei...
    Bosch acquires map specialist Atlatec
    Bosch has announced the acquisition of Atlatec GmbH, it said in a press release on 24 February. Atlatec will become part of the Bosch Cross-Domain Computing Solutions division as an independently operated company. The consideration for the deal was not disclosed. “The planned acquisition of Atl...
    Volkswagen in talks to acquire Huawei's autonomous driving unit
    Volkswagen is reportedly in talks with mainland Chinese technology company Huawei to acquire its autonomous driving unit for billions of euros, Reuters reported on 17 February, citing Manager Magazin. According to the report, company executives have been negotiating the deal for several months no...
    Apollo Global Management acquires Tenneco for USD7.1 billion
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced via press release on 23 February that it had entered into a definitive agreement to be acquired by New York–based global asset management firm Apollo Funds in an all-cash transaction valu...
    Cummins acquires commercial vehicle supplier Meritor for USD3.7 billion
    US automotive powertrain manufacturing company Cummins announced via press release on 22 February that it would be acquiring Michigan-based commercial vehicle systems manufacturer Meritor for USD3.7 billion in a cash and assumed debt deal. According to the press release, Cummins will pay USD36.5 ...
    Nippon Steel acquires Thai steel companies G Steel and GJ Steel
    Japanese steel company Nippon Steel Corporation announced via press release on 21 January that it had decided to enter into a share purchase agreement to acquire 49.99% shares and 49.90% shares in Thai steel companies G Steel Public Company Limited and G J Steel Public Company Limited respectiv...
    Celanese acquires majority share in DuPont’s Mobility & Materials business
    Global chemical and specialty materials company, Celanese Corporation announced the signing of a definitive agreement to acquire most of the Mobility & Materials (M&M) business of DuPont for USD11 billion in, according to a company press release on 18 February. Lori Ryerkerk, chairman and...
    Intel acquires Tower Semiconductor for USD5.4 billion
    Intel Corporation acquires Tower Semiconductor representing total enterprise value of approximately USD5.4 billion, the company announced in a press release on 15 February. Dr. Randhir Thakur, president of Intel Foundry Services, said, “We are thrilled to welcome the Tower team to Intel. Their ...
    Spinny acquires Indian connected car startup Scouto
    Spinny, a pre-owned car retailing platform has acquired a 100 percent stake in artificial intelligence-powered connected car startup Scouto, Business line reported on 10 February. The consideration was not mentioned. “As part of the acquisition, Scouto’s founders will become an integral part ...
    HARMAN acquires automotive technology company Apostera
    HARMAN International has acquired Apostera, a Germany-based automotive technology company, the Samsung unit said in a press release on 10 February. The acquisition will boost HARMAN’s automotive product offerings and position due to Apostera’s augmented reality (AR) and mixed reality (MR) softwa...
    ABB acquires controlling stake in US-based EV infrastructure startup InCharge Energy
    Zurich-headquartered electrification and automation technology company ABB has acquired a controlling stake in US-based EV charging infrastructure startup InCharge Energy, the company said on 27 January. ABB said that that the addition of InCharge Energy will strengthen its ‘E-mobility’ div...
    Bosch India to acquire 14% stake in connected mobility startup Zeliot
    Bosch India is set to acquire a 14% stake in connected mobility solutions startup Zeliot, the supplier said in a press release on 9 February. The transaction is worth around INR40 million (USD0.53 million) in an all-cash consideration. The company expects to complete the transaction by April 2022. ...
    Faurecia's and HELLA’s combined group to be known as Forvia
    The combined company from the merger between Faurecia and HELLA will be known as Forvia, and will be the seventh largest automotive supplier in the world, the company announced in a press release on 7 February. The new brand reflects both the companies’ evolving innovation and ...
    Solera to acquire connected vehicle intelligence firm Spireon
    Solera has announced that the company has signed a definitive agreement to acquire Spireon, according to a company press release dated 1 February. Solera will acquire the telematics and connected vehicle intelligence company from Greenbriar Equity Fund IV, L.P. “This acquisition is strategicall...
    Westlake acquires Hexion’s epoxy business for USD1.2 billion
    Westlake Chemical Corporation acquires Hexion’s global epoxy business for USD1.2 billion in an all-cash transaction, the company announced in a press release on 2 February.  The epoxy business to be branded as Westlake Epoxy.    Westlake President and Chief Executive Officer Albe...
    SABIC acquires 50% stake in specialty chemicals company Clariant
    SABIC purchases Clariant’s 50% stake for USD130 million in specialties company Scientific Design, which is currently a 50/50 joint venture (JV) with SABIC, the company announced in a press release on 2 February. SABIC Vice Chairman and CEO, Yousef Al-Benyan said, “Catalysts are the found...
    Faurecia completes acquisition of lighting and electronics supplier HELLA
    Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the...
    ABC technologies announces acquisition of Karl Etzel GmbH
    ABC Technologies Holdings announced a definitive agreement to acquire Karl Etzel GmbH from the Schürrle family for around USD95 million, the company said in a press release on 21 January. Etzel entails a strong foothold as a leading tier-1 and tier-2 supplier to luxury German OEM.    T...
    Hanwha Solutions acquires part of wireless module business from Samsung Electro-Mechanics
    Hanwha Solutions announced on 30 December that it signed an agreement with Samsung Electro-Mechanics to acquire its wireless module business unit responsible for manufacturing Wi-Fi and 5G mmWave antenna modules by using organic substrate, the company said in a press release on 4 January. According ...
    ABC Technologies enters into a definitive agreement to acquire dlhBOWLES from MPE Partners
    ABC Technologies announced that it had entered into a definitive agreement to acquire dlhBOWLES from Morgenthaler Private Equity (MPE Partners) for around USD255 million, the company said in a press release on 6 January.   Todd Sheppelman, president and CEO of ABC Technologies, said, ...
    CCL Industries acquires McGavigan Holdings
    CCL Industries announces acquisition of automotive interior company McGavigan Holdings, a supplier of in-mould decorated components for vehicle interior applications. Geoffrey T. Martin, president and CEO of CCL Industries Inc., said, “We have known McGavigan and its key people for many ye...
    Aptiv acquires software company Wind River
    Aptiv has announced a definitive agreement to acquire Wind River from TPG Capital for USD4.3 billion, a company press release dated 11 January read. Aptiv said it would finance the deal, which is expected to close mid-2022, through a combination of cash and debt. The acquisition will enable Aptiv ex...
    BorgWarner sells Mississippi plant to Atar Capital as part of its Charging Forward strategy
    Michigan-based global supplier of powertrain technologies BorgWarner said on 5 January 2022 that the company has sold its Water Valley, Mississippi facility to Atar Capital. The company said that the sale of the said plant is consistent with its accelerated electrification strategy, which it refers ...
    JBM Auto company acquires 51% stake in JBM Green Energy to increase localization of EV batteries, aggregates
    JBM Auto Limited, one of the leading vehicle manufacturers in India, has acquired 51% stake in JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited through its subsidiary JBM Electric Vehicles Private Limited, the company said in a regulatory notification on 10 January 2022...
    JBC Tech acquires Colorado-based Die Cut Technologies
    Ohio-based flexible materials converter JBC Technologies announced via press release on 13 December that it had acquired Die Cut Technologies, an ISO-9001, TS-16940, and MIL-I-45208A certified converter located in Denver, Colorado. According to the press release, the acquisition will expand ...
    India’s Reliance New Energy Solar to acquire sodium-ion battery company Faradion
    Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd., has signed definitive agreements to acquire 100% shareholding in sodium-ion battery technology company Faradion Limited for an enterprise value of GBP100 million (over USD135.2 million), the company said on...
    Bridgestone sells mainland Chinese synthetic tire rubber business to LCY Chemical
    Japanese tire manufacturer Bridgestone Corporation announced via press release on 1 December that the company had completed selling all shares of stock of its mainland Chinese synthetic rubber manufacturing subsidiary Bridgestone (Huizhou) Synthetic Rubber Co., Ltd. (BSRC) to Taiwanese petrochemical...
    ZF increases its stake in Rane TRW to become majority shareholder
    Technology company ZF announced that the company has become a majority shareholder in the joint venture (JV) with TRW, according to a press release by Autocar Professional on 29 December. The JV will now operate under the name ZF Rane Automotive India. Suresh KV, president of ZF India, said, “T...
    Feintool acquires motor parts supplier Kienle + Spiess from Sumitomo Corp
    Swiss fineblanking and lamination stamping company Feintool announced via press release on 7 December that it had acquired German motor core manufacturer Kienle + Spiess from Japanese trading company Sumitomo Corporation. According to the press release, Feintool expects to significantly expa...
    Auto parts supplier Huayu sells stake in JV with Valeo
    Shanghai SIIC Transportation Electric Co., Ltd. (STEC), subsidiary of China’s automotive parts supplier Huayu Automotive Systems Company Limited, agreed for a stake transfer agreement with Valeo International Holdng, the company announced in a statement released by Gasgoo on 28 December. Signif...
    Worthington acquires Tempel for USD255 million
    Ohio metal manufacturing company Worthington announced via a press release on 1 December that its Steel Processing Unit has acquired motor and transformer lamination manufacturer Tempel Steel Company for USD255 million. According to the press release, the acquisition adds five manufacturing ...
    Rio Tinto signs binding agreement to acquire Rincon Mining’s lithium project
    Global metals and mining company Rio Tinto has signed a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining for USD825 million, the company announced on 21 December 2021. Rincon Mining is a company owned by funds managed by the private equity group Sentient Equ...
    ZF acquires stakes in Embotech to enhance operational safety
    According to an official press release dated 16 December, ZF announced a strategic partnership with Swiss-based Embotech, a pioneering developer of decision-making software that supports automated driving systems. The partnership will develop customer-tailored automated solutions to support multiple...
    ZF acquires 5% stake in software startup Apex.AI
    ZF has acquired a 5% stake in the software company Apex.AI, it said in a press release on 14 December. In addition to the financial support, ZF will also develop software solutions based on the Apex.OS meta-operating system. “Based on the Apex.OS, we can offer our customers an additional ZF Mid...
    Continental acquires stake in software specialist Apex.AI
    According to a Business Wire press release dated 14 December, Continental has joined as a strategic investor in Apex.AI, a German-US software specialist. In doing so, the technology company emphasizes the critical importance of intelligent software applications for future vehicle generations. Contin...
    Flex completes Anord Mardix acquisition
    Flex completes its previously announced USD540 million all-cash acquisition of critical power solutions company Anord Mardix, the company announced in the press release on 1 December. “We are excited to complete this transaction and welcome the Anord Mardix team to Flex,” said Revathi Advaith...
    Yanfeng enters into agreement to acquire Adient Asia’s 49.99% share
    Yanfeng entered into an agreement with Adient to acquire Adient Asia’s 49.99% share in the Yanfeng Adient Seating Co, Ltd (YFAS) joint venture (JV) in China, the company announced in a press release on 3 December. As per the transaction, all current and future pipeline projects will transition to ...
    bp acquires US-based EV charging provider AMPLY Power
    British oil and gas company bp has acquired the California-based EV charging startup AMPLY Power for an undisclosed amount, the company said on 7 December 2021. According to bp, the acquisition of AMPLY Power is aligned with its plan to scale-up the next generation mobility solutions, providing the ...
    Cabot to expand battery materials production in mainland China with Tokai Carbon acquisition
    US performance materials company Cabot Corporation announced via press release on 15 November that it entered into a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon group for USD9 million. According to the press release, Tokai’s carbon black manufacturing facil...
    US FTC sues to block Nvidia's takeover of Arm
    According to an official press release dated 2 December, the Federal Trade Commission filed a lawsuit to prevent U.S. chip supplier Nvidia Corp. from acquiring UK chip design provider Arm Ltd. for USD40 billion. Semiconductor chips power the computers and technologies that are so important to o...
    Smart Eye completes acquisition of iMotions
    According to a press release published on Business Wire on 1 December, Smart Eye has completed its acquisition of iMotions, developer of the world's leading software platform for studying human behavior, in accordance with the agreement announced on 26 October 2021. Under the terms of the agreement,...
    Infineon acquires electroplating company Syntronixs Asia
    Infineon Technologies (Malaysia) has announced the acquisition of Syntronixs Asia, according to a company press release on 29 November. Syntronixs Asia is a Malaysia-based electroplating company. The terms of the deal were not disclosed. “Through this acquisition, we have made another important...
    LX Semicon to acquire some 30% stake in FJ Composite
    According to a press release dated October 25th, LX Semicon, a system semiconductor company of LX Group, announced the acquisition of a 30% stake in FJ Composite Materials, a Japanese Heat spreader material company owned by LG Chem, and related tangible and intangible assets for a total of KRW7 bill...
    Mitsubishi Materials Corp announces sale of its aluminum business to Apollo Global Management
    Mitsubishi Materials Corp. announced the divestment of its aluminum business to US investment fund Apollo Global Management for an undisclosed sum, according to a statement from Reuters on 25 November. Significance: Although the aluminum market space is expected to grow and attain greater tr...
    Johnson Matthey announces divestment of its Advanced Glass Technologies business to Fenzi Holding
    Johnson Matthey announces the sale of its Advanced Glass Technologies (AGT) business to Fenzi Holdings SPV S.p.A for EUR178 million (USD199.52 million) in a press release on 24 November.   Significance: The company said that it continues to make good progress in other growth a...
    GreenMobility enters Netherlands by acquiring Fetch Carsharing
    According to a press release dated 25 November, GreenMobility has signed a term sheet to acquire Fetch Carsharing, making the Netherlands GreenMobility's sixth country of operation and Amsterdam its 11th operational city. The final agreement should be completed before the end of 2021. The acquisi...
    Renault Group acquires 21% stake in engineering services startup Whylot
    French carmaker Renault Group has acquired a 21% minority stake in engineering services company Whylot, it announced on 23 November. Whylot is a company based in the Lot region of France that has developed a unique technology in the promising sector of innovative electric motors. “This acquisit...
    Yokohama Rubber sells Hamatite business to Sika
    Japanese tire company Yokohama Rubber announced via press release on 2 November that it had completed the sale of its Hamatite business to the Sika Group, a Switzerland-based specialty chemicals company. According to the press release, Hamatite operations in Japan have been taken over by Sik...
    Sensata Technologies completes acquisition of Spear Power Systems
    Sensata Technologies announced the completion of the previously announced acquisition of Spear Power Systems in an official press release dated 19 November. Spear Power Systems creates scalable lithium-ion battery storage systems for demanding land, sea, and air applications. Spear Power Systems'...
    Faurecia to secure 79.5% of HELLA upon completion of takeover
    Faurecia will hold 79.5% of the shares in HELLA upon completion of its takeover, Faurecia said in a press release on 16 November. The deal translates into an investment of almost USD6.0 billion (EUR5.3 billion) that allows Faurecia to attain financial flexibility. Patrick Koller, C...
    CARS acquires automotive fintech platform CreditIQ
    Cars.com has closed the acquisition of CreditIQ, the company said in a press release on 9 November. CreditIQ is an automotive financial technology (fintech) platform. The acquisition was for an initial consideration of USD30 million, which was funded by cash on hand. “The acquisition of Cr...
    AI vision company Ambarella completes acquisition of radar developer Oculii
    Ambarella, an AI vision company has announced the completion of its previously announced transaction to acquire US based radar developer Oculii, according to an official press release on 8 November 2022. Oculii has become a completely owned subsidiary of Ambarella as a result of the transaction. Amb...
    Traffilog acquires cybersecurity startup SafeRide Technologies
    Traffilog has acquired SafeRide Technologies, according to a press release dated 8 November. The combined entity will continue to collaborate with automakers and tier-1 suppliers across the globe to integrate artificial intelligence (AI)-based software products into next-generation vehicles. It...
    ZF acquires Bestmile’s Technology to lead the digital transformation of transportation services
    According to an official press release dated 4 November, ZF announced the acquisition of Bestmile's technology, which represents a significant step toward the commercial vehicle industry's first Mobility Orchestration Platform. This platform, which advances ZF's "Next Generation Mobility" strateg...
    Spark Minda Group acquires Stoneridge’ entire 49% JV share to take control of instrument cluster and sensors business
    Spark Minda acquired 49% stake in the electronics joint venture (JV) with Stoneridge thereby controlling the entire automotive instrument cluster and sensors business, the company said in a statement on 3 November. The company is said to expand its technical know-how further through the transaction ...
    Toyota Boshoku and Aisin begin transaction of commercial rights for automotive seat frame mechanism parts
    Toyota Boshoku and Aisin has begun the transfer of commercial rights for the business of automotive seat frame mechanism parts, the company said in a press release on 2 November. Significance: The transaction of the automotive seat frame mechanism will increase and further strengthen global compe...
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