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    From tailpipe to brake: The new frontier in emission control
    Over the past 30 years, automakers in the European Union region have succeeded in reducing the emissions of harmful pollutants such as carbon monoxide (CO), nitrogen oxide (NOX), and particulate matter (PM) from new vehicles, thanks to increasingly stringent emission standards implemented by the European Commission. According to the European Automobile Manufacturers Association (ACEA), vehicular emissions have decreased by 90% between the Euro 1 and Euro 6 emission standards. As emissions from v...
    “We’re building one of India’s first EV charging hubs with off-grid solar plant and battery energy storage system (BESS) in Gujarat,” Kartikey Hariyani, Founder & CEO, ChargeZone
    Kartikey Hariyani, Founder & CEO, ChargeZone spoke to Amit Panday, Senior Research Analyst, S&P Global Mobility, on a wide range of topics, including the growing EV adoption in India and its impact on capacity utilization of its existing EV charging infrastructure. While the capital-intensive EV charging infrastructure business is facing heat globally amid a slowdown in the adoption of battery electric vehicles (BEVs), Hariyani, a Stanford alumnus and an electrical engineer at heart, fir...
    Sweden grants approval to Lyten to acquire Northvolt’s assets
    Mikael Kubu, the insolvency administrator in Sweden, confirmed that all necessary approvals for the takeover of Swedish battery manufacturer Northvolt by US battery technology company Lyten have been granted. The transaction is expected to be finalized by the end of October. Separate negotiations will determine whether construction will continue at the Northvolt plant in Heide, Germany. Kubu indicated that the Swedish state authority, ISP, has approved the acquisition, and all required p...
    Harman acquires Sound United to expand Audio Product business
    Harman International, a subsidiary of Samsung Electronics, has completed the acquisition of Sound United, the former consumer audio business of Masimo Corp. This acquisition incorporates Sound United's portfolio of renowned audio brands such as Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé and Boston Acoustics into Harman's operations. The strategic integration of these popular audio brands enhances Harman's product portfolio and supports business growth....
    SES AI completes acquisition of Shenzen UZ Energy to penetrate global energy storage market
    SES AI Corp. has completed its acquisition of Shenzen UZ Energy Co. Ltd., a company recognized for its premium energy storage systems. With this acquisition, SES AI aims to become significantly involved in the global energy storage systems market, valued at $300 billion. UZ Energy contributes established hardware, potential expansion in North America, and existing customers in Australia, Europe and Asia to SES AI's operations. SES AI is entering the extensive energy storage systems market by ...
    Arc Impact relaunches Desktop Metal as advanced manufacturing platform
    Arc Impact Acquisition Corp. has acquired selected assets of Desktop Metal Inc. out of Chapter 11 bankruptcy and is relaunching the business as an advanced manufacturing platform. This new venture aims to integrate binder-jet metal and ceramic additive manufacturing with production-grade polymers and AI-assisted materials research and development to bolster US manufacturing capabilities. The company plans to serve industries such as defense, automotive, aerospace, medical and energy by focusing ...
    Tata Technologies acquires ES-Tec Group to enhance automotive engineering capabilities
    Tata Technologies (TTL), a global product engineering and digital services company, has announced its acquisition of ES-Tec Group, based in Wolfsburg, Germany. This acquisition is valued at €75 million, to be distributed over two years, inclusive of performance-based earn-outs. The deal is expected to be EPS accretive starting from the first year of operations. ES-Tec Group, founded in 2006, is recognized for its premium automotive engineering services, particularly in areas such as Driver Ass...
    ExxonMobil to acquire technology and US-based assets of Superior Graphite
    ExxonMobil plans to strategically expand into the advanced synthetic graphite business by acquiring the technology and US-based assets of Superior Graphite, a company with over a century of experience in graphite and materials production. This acquisition, made Sept. 8, includes some select international offices of Superior Graphite and represents a significant step in establishing a robust synthetic graphite supply chain in the US. The move into synthetic graphite is driven by its advanta...
    LG Chem partners with Toyota Group to enhance cathode materials market position
    LG Chem and Toyota Group have announced a strategic partnership aimed at enhancing their position in the cathode materials market. Toyota Tsusho Corp., part of the Toyota Group, has acquired a 25% stake in LG Chem's Gumi cathode plant, becoming the second-largest shareholder after LG Chem, which holds 51%. Huayou Cobalt's stake in the plant has reduced to 24%, down from 49%. This adjustment complies with the Prohibited Foreign Entity (PFE) criteria introduced in July, aligning with the US Inf...
    Lyten announces new leadership for Europe after acquiring Northvolt
    Lyten, a US-headquartered company specializing in battery energy storage and materials innovation, has appointed new executives in Sweden and Poland, soon after agreeing to acquire Northvolt's assets in Europe.  According to Lyten, the executives selected for the respective roles possess extensive experience in industrial transformation. They are familiar with Northvolt's operations, having significantly contributed to stabilizing and enhancing operations over the past year. Matt...
    EnergyHub acquires Bridge to Renewables (BTR) to expand managed EV charging capabilities
    EnergyHub, a provider of grid-edge flexibility solutions, has announced its acquisition of Bridge to Renewables (BTR), a company known for its telematics-based solutions that connect over 500,000 electric vehicles (EVs) and maintain partnerships with 12 original equipment manufacturers (OEMs). The acquisition aims to enhance EnergyHub's utility electric vehicle program growth and expand its partnerships with key EV OEMs. This move allows EnergyHub to integrate these resources with its Virtual Po...
    Kerbo Charge acquires Charge Gully to enhance UK cross-pavement EV charging options
    Kerbo Charge, the largest provider of cross-pavement charging channels in the UK, has announced its acquisition of competitor Charge Gully. According to Michael Goulden, founder and CEO of Kerbo Charge, this move is intended to enhance customer choice by integrating Charge Gully's offerings, thereby boosting the adoption of cross-pavement charging across UK local authorities. Kerbo Charge plans to maintain Charge Gully as a stand-alone brand, allowing councils and users to select between Kerbo C...
    Viaduct acquired by Sumitomo Rubber Industries to boost connected vehicle health solutions
    Viaduct has entered into an agreement to be acquired by Sumitomo Rubber Industries (SRI). This acquisition aims to combine SRI's expansive scale, international presence and esteemed brands with Viaduct's AI technology, thereby advancing the development of connected vehicle health solutions. This collaboration promises enhanced resources, swift innovation and an expanded platform for Viaduct's mission of enabling fleets, original equipment manufacturers and the broader mobility sector to der...
    Finnish government takes controlling stake in Valmet Automotive; acquires CATL’s stake
    Valmet Automotive has announced several strategic decisions that will significantly impact its future growth. The Finland-based auto parts supplier and contract vehicle manufacturer plans to offer its expertise beyond the automotive industry. The company expects its special expertise in industrial serial production will benefit other sectors, including the defense sector. Valmet has also decided to divest Ioncor, its subsidiary focused on developing battery systems for hyb...
    DENSO gets board’s approval for transfer of Spark Plug and Sensor business to Niterra
    DENSO Corp. has received approval from its board of directors to transfer its Spark Plug and Exhaust Gas Sensor business, including Oxygen Sensor and Air-Fuel Ratio Sensor business, to Niterra Co., formerly known as NGK Spark Plug. This decision was finalized during a board meeting on Sept. 1, following a business transfer agreement. The transfer aligns with the automotive industry's push toward electrification and carbon neutrality, amid expectations of the growing popularity of electri...
    Piedmont Lithium and Sayona Mining merge to form Elevra Lithium
    Piedmont Lithium Inc. has announced the completion of its merger with Sayona Mining Ltd., following approval from both companies' shareholders and fulfillment of all closing conditions. The merger has resulted in the formation of Elevra Lithium, which combines the complementary assets of both companies to create one of the largest hard-rock lithium platforms globally. This positions Elevra Lithium to address the increasing demand brought on by the global energy transition, particularly in the...
    Samvardhana Motherson acquires 81% stake in Japanese supplier Yutaka Giken for $184 million
    Samvardhana Motherson International Ltd. (SAMIL) is acquiring control of Yutaka Giken, a Japan-based metal parts supplier to Honda, by purchasing 81% of its voting rights for approximately ¥27 billion (about $184 million), Autocar Professional reported Aug. 29. Honda will retain a 19% stake, maintaining a long-term partnership with SAMIL. As part of this transaction, SAMIL, through its subsidiary Motherson Global Investments BV (MGI BV), will also acquire Yutaka Giken's India arm entirely an...
    NavInfo finalizes acquisition of PhiGent Robotics to boost autonomous driving technologies
    NavInfo is nearing the completion of its acquisition of PhiGent Robotics, a company known for its autonomous driving technologies. Since early 2023, NavInfo has ramped up its investments in intelligent driving solutions, indicating a strategic shift to establish itself as a tier 1 supplier in the automotive sector. PhiGent Robotics is recognized for its expertise in full-stack development and mass production, utilizing Horizon's J6E/M chip platform. Its NOA system, designed for highway driving, ...
    Palmer Energy Technology acquires Brill Power to enhance battery management systems
    Palmer Energy Technology Ltd. (PETL), a UK maker of Battery Energy Storage Systems, founded by Andy Palmer and Wei Shao, has announced the acquisition of Brill Power. Brill Power is an Oxford University spinout recognized for its cell-level control and active balancing technology in battery management systems (BMS). PETL plans to incorporate Brill Power's electronics into its systems immediately. This acquisition merges PETL's automotive-grade battery storage systems with Brill Power's adva...
    Continental to divest ContiTech Original Equipment Solutions business to Regent
    Continental announced that it has signed an agreement to sell its ContiTech business area, Original Equipment Solutions (OESL), to global investment firm Regent. The transaction remains subject to antitrust approval. Financial terms were not disclosed. The divestiture is part of the ContiTech group sector’s strategy to sharpen its focus on industrial customers, a direction first outlined at Continental’s Capital Market Day in June. With this step, Continental is advancing its plan to esta...
    Cadence acquires Arm Artisan Foundation Intellectual Property business for advanced SoC design enhancement
    As reported in a press release on Aug. 27, Cadence has officially completed its acquisition of the Arm Artisan Foundation Intellectual Property (IP) business. This business includes standard cell libraries, memory compilers and general-purpose input/outputs (GPIOs) tailored for advanced process nodes at leading foundries. This strategic acquisition is set to enhance Cadence's growing design IP offerings, which already include a significant portfolio of protocol and interface IP, memory interf...
    IES Group acquires Nexus Power to enhance extra-high-voltage cable jointing capabilities
    IES Group has acquired Nexus Power, enhancing its capabilities in extra-high-voltage (EHV) cable jointing and power solutions. This acquisition aims to bolster IES' ability to undertake complex electrical projects, including those in the EHV and offshore jointing markets, strengthening its status as a reliable partner to UK clients. Nexus Power, founded in 2012, is known for its technical excellence, specializing in high-voltage jointing up to 400 kV, including fluid-filled and XLPE systems. It ...
    Wirelane plans to acquire charging infrastructure services provider Ladegrün!
    Wirelane, a provider of integrated charging and software solutions for public electric vehicle charging in Germany, has announced its plan to acquire Ladegrün!. Ladegrün! is known for its sustainable approach in the charging infrastructure sector with a network of charging points powered entirely by certified green electricity. This merger aims to enhance green and customer-oriented electromobility, combining Wirelane's market-leading charge-point operator (CPO) platform, WirelaneOS, wit...
    EV charging platform supplier Virta plans to acquire fleet management company Northe
    Virta, a global electric vehicle charging and energy platform provider based in Helsinki, has signed an agreement to acquire Northe (Charge4go AB), a Scandinavian company known for its advanced EV fleet management software and services. This acquisition positions it as the largest business-to-business EV driver platform in the Nordics, catering to over 100,000 active EV drivers. The deal is anticipated to be finalized by the end of August, contingent on customary conditions. The electric f...
    European Commission approves acquisition of Proseat’s Foam, Trim and Lightweight Components business by Brose Sitech
    On June 24, Brose Sitech, the joint venture company of Brose and the Volkswagen Group that produces complete seats and seat parts, announced its decision to acquire the Foam, Trim and Lightweight Components business of Proseat. The acquisition was contingent upon approval from the European Commission. This week, on Aug. 19, the commission approved the proposed acquisition of Proseat’s business by Brose Sitech. The commission determined that the acquisition would not pose competition concern...
    Ecobat to sell German and Austrian operations to Clarios
    In a press release dated Aug. 18, Ecobat, a global battery recycling company, announced that it has agreed to sell its battery recycling and specialty lead operations in Germany and Austria to Clarios, a company specializing in advanced energy storage solutions. The sale includes Ecobat's facilities in Freiberg and Braubach, Germany, and Arnoldstein, Austria. The transaction, set to conclude by early 2026 pending regulatory approvals, aligns with Ecobat's strategy to focus more on its co...
    Serve Robotics acquires Vayu Robotics to enhance autonomous delivery capabilities
    Serve Robotics, an autonomous sidewalk delivery company, has acquired Vayu Robotics, a developer specializing in AI foundation model-based navigation for robots. This acquisition represents a strategic move for Serve to advance its autonomous delivery capabilities and enter new markets. Serve has announced that the acquisition will enhance its "end-to-end learned autonomy," improving the safety, reliability and efficiency of its delivery fleet. By integrating its autonomy stack wi...
    Infineon completes acquisition of Marvell's Automotive Ethernet business
    As reported in a press release on Aug. 14, Infineon Technologies has completed the acquisition of Marvell Technology Inc.'s Automotive Ethernet business. The acquisition, which was announced in April and has since received all necessary regulatory approvals, aims to bolster Infineon's expertise in software-defined vehicles and expand its position in the microcontrollers market for automotive applications. Ethernet technology plays a crucial role in enabling low-latency and high-bandwidth comm...
    GlobalFoundries completes acquisition of MIPS to enhance semiconductor and AI capabilities
    In a press release on Aug. 14, GlobalFoundries (GF) announced the completion of its acquisition of MIPS, a supplier of AI and processor intellectual property (IP). This acquisition is aimed at bolstering GF's position in semiconductor manufacturing and enhancing its capabilities in AI, edge computing and other expanding markets. The merger combines GF's semiconductor manufacturing expertise with MIPS' processor IP innovation. GF intends to deliver differentiated solutions to meet the growing ...
    DENSO nears sale of spark plug operations to rival Niterra – report
    DENSO is reportedly close to finalizing a deal to sell its spark plug operations to Niterra, formerly known as NGK Spark Plug, according to a report by Nikkei Asia on Aug. 9. The deal, if successful, would increase Niterra’s share in the global spark plug market to 60%. This strategic move aims to address the industry's need to adapt to the growing popularity of electric vehicles alongside the sustained demand for internal combustion engine (ICE) vehicles, which includes hybrids. DENSO's sp...
    Kongsberg Automotive to acquire full ownership of Chassis Autonomy
    On Aug. 12, Kongsberg Automotive ASA (KA) announced its plan to acquire the remaining 75% of shares in Chassis Autonomy SBA AB through its subsidiary, Kongsberg Automotive AS. With this transaction, KA will achieve full ownership of Chassis Autonomy. The deal is expected to be finalized within the week. Chassis Autonomy is developing steer-by-wire (SBW) systems for highly automated vehicles. This strategic acquisition underscores KA’s commitment to the SBW market, which is projected to grow...
    Tata AutoComp expands European presence with acquisition of IAC's operations in Slovakia
    Tata AutoComp Systems Ltd., an Indian automotive components manufacturer, is set to enhance its operations in Europe by acquiring IAC Group (Slovakia) s.r.o. through its UK-based subsidiary, Artifex Interior Systems Ltd., Autocar Professional reported Aug. 7. Completion of the deal is subject to regulatory approval. The acquisition involves IAC Slovakia's manufacturing facility in Lozorno, which employs 800 people and reported $190 million in revenue for the fisc...
    Glencore acquires bankrupt Li-Cycle amid challenges in battery recycling sector
    Glencore, a European commodities trading and mining company, has completed the acquisition of the lithium-ion battery recycler Li-Cycle, submitting a $40 million bid for Li-Cycle's assets in May following the company's bankruptcy proceedings. Li-Cycle, based in Toronto, previously operated three facilities in the US, one in Canada and one in Germany. However, due to financial distress, only the German site remains operational. The company's decline coincided with a shift in policy under the Trum...
    ZAPI GROUP acquires majority stake in Germany's Stercom Power Solutions
    ZAPI Group has announced the successful acquisition of the majority of Stercom Power Solutions, a company known for its intelligent charging and energy storage systems, based in Germany. This strategic move aims to enhance ZAPI Group's charging solutions portfolio and amplify its technical capabilities while extending its market presence, particularly in high-voltage onboard charging and energy storage systems. Stercom Power Solutions is recognized for its pioneering technologies in e-mobilit...
    Lyten to acquire all remaining assets of Northvolt in Sweden and Germany
    Lyten has announced a binding agreement to acquire Northvolt's remaining assets in Sweden and Germany, including Northvolt Ett and Ett Expansion in Skellefteå, Northvolt Labs in Västerås, and Northvolt Drei in Heide, Germany. This acquisition also includes all remaining Northvolt intellectual property, with several members of Northvolt's executive team expected to join Lyten. While financial details of the deal were not revealed, the assets are valued at approximately $5 billion, comprisin...
    Indie Semiconductor to acquire Vienna-based emotion3D for $20 million
    Indie Semiconductor has announced a definitive agreement to acquire emotion3D GmbH, a company based in Vienna. Emotion3D specializes in developing advanced perception algorithms and software for in-cabin sensing, advanced driver assistance systems and automated driving. This acquisition aligns with the evolving global automotive regulations and new car assessment programs that aim to enhance road safety through the deployment of multimodal-sensing technologies, such as cameras and radars. These ...
    Bridgestone agrees to sell carbon black business in Mexico to Cabot Corp.
    Bridgestone Corp. has signed a definitive agreement to sell its Mexican carbon black manufacturing subsidiary, Mexico Carbon Manufacturing SA de CV (MXCB), to Cabot Corp. The strategic decision is part of the Japanese tiremaker’s ongoing efforts to restructure and strengthen its global operations under its Mid-Term Business Plan for 2024–2026. In June, Bridgestone agreed to sell its carbon black business in Thailand to Tokai Corp. The sale reflects Bridgestone’s commitment to “growth ...
    Dongguan Mentech Optical & Magnetic Co. to acquire 60% stake in ABB E-mobility’s ChargeDot
    ABB E-mobility has announced that China-headquartered Dongguan Mentech Optical & Magnetic Co. Ltd. will acquire a 60% majority stake in its subsidiary, ChargeDot. ChargeDot is ABB E-mobility's AC home-and-workplace charging business. ABB E-mobility plans to keep the remaining 40% share, ensuring ongoing support for ChargeDot's growth and innovation. The deal is subject to regulatory approvals and is expected to conclude in the fourth quarter of 2025. This acquisition allow...
    EDF acquires Pod Point to advance EV charging solutions in the UK
    EDF has fully acquired Pod Point, making it a wholly owned subsidiary to enhance the development of electric vehicle charging solutions across the UK. This acquisition was completed by EDF's UK division, EDF Energy Customers Ltd., resulting in Pod Point's delisting from the London Stock Exchange. Prior to this acquisition, EDF already owned 53% of the company following the Pod Point board's recommendation on the buyout offer in June. This move is part of EDF's strategic focus on promoting electr...
    Tata AutoComp and Ichikoh Industries form JV to acquire Valeo's lighting business in India
    Tata AutoComp Systems Ltd. plans to establish a joint venture with Japan's Ichikoh Industries Ltd. to acquire Valeo's lighting business in India, as reported by Autocar Professional on Aug. 5. This partnership will create a 50/50 JV company that aims to purchase the Valeo Lighting Systems business from Valeo India Pvt. Ltd. The JV will focus on serving the automotive lighting market in India. The definitive agreements for the JV formation and business acquisition...
    SK On, SK Enmove merge as part of SK Innovation’s business restructuring
    SK Innovation has announced a merger between its electric vehicle battery subsidiary, SK On, and SK Enmove, known for lubricants and immersion cooling technology, as part of its strategy to evolve into a comprehensive energy company amid the electrification era. The merger was approved on July 30, and the newly combined entity is set to launch on Nov. 1. Concurrently, SK Innovation and SK On's boards have approved a large-scale capital increase through third-party allotment to enhance ca...
    Nemak acquires GF Casting Solutions' Automotive business
    Mexican-based Nemak has reached a definitive agreement to acquire the Automotive business of GF Casting Solutions, a Switzerland-based company specializing in lightweight casted components. This acquisition marks a significant step for Nemak in diversifying beyond internal combustion engine (ICE) powertrain components and expanding its global presence. The deal will allow the Mexican supplier to broaden its customer base, enhance technological capabilities and strengthen its role in sustainable ...
    SES AI Corp. to acquire UZ Energy for $25.5 million
    SES AI Corp., based in Woburn, Massachusetts, has announced a definitive agreement to acquire UZ Energy, an energy storage systems provider, for approximately $25.5 million. This acquisition, which is expected to be finalized in the third quarter of 2025, is part of SES AI's strategy to expand its presence in the energy storage systems market, especially in catering to the growing demand from AI datacenters. UZ Energy is known for designing and manufacturing energy storage systems for commercial...
    Lyten secures over $200 million in equity investment to support its acquisition strategy
    Lyten, a US-based company specializing in supermaterial applications and lithium-sulfur batteries, announced it has secured over $200 million in additional equity investment, bringing its total investment to over $625 million. This new funding, which has come primarily from existing investors, will aid Lyten in accelerating its acquisition strategy and expansion in the US and Europe. Additionally, Lyten has acquired the rights to Northvolt's energy storage products, including Voltpack Mobi...
    STMicroelectronics acquires NXP's microelectromechanical sensors business for $950 million
    STMicroelectronics, a global semiconductor company, is enhancing its global sensor capabilities by acquiring the microelectromechanical sensors (MEMS) business of NXP Semiconductors. This acquisition primarily focuses on automotive safety products and sensors for industrial applications. The acquisition aims to complement and expand STMicroelectronics' MEMS technology and product portfolio, facilitating growth opportunities across the automotive, industrial and consumer sectors. T...
    Blink Charging acquires 100% equity in fleet charging service provider Zemetric
    Blink Charging Co. announced the acquisition of Zemetric, a charging infrastructure company known for its tailored solutions for fleets. The deal is expected to close on or before July 11, 2025, subject to customary conditions. Founded in 2022 in Silicon Valley, Zemetric offers interoperable and reliable charging hardware, software and service solutions, having exceeded initial projections in its first year. Blink's president and CEO, Mike Battaglia, highlighted Zemetric's expertise in hig...
    BP to sell its Mobility & Convenience and BP pulse business units in the Netherlands to Catom
    BP has entered into an agreement to sell its Mobility & Convenience and BP Pulse businesses in the Netherlands to Catom. This sale aligns with BP's $20 billion divestment program and is anticipated to finalize by the end of 2025, pending regulatory approvals. This transaction is part of BP's strategy to reshape its downstream businesses by focusing on integrated positions. The deal encompasses approximately 300 BP-owned or branded retail sites, including some locations with electric vehic...
    Synopsys receives all necessary approvals for proposed acquisition of Ansys
    Synopsys announced that it has received approval from all necessary authorities to proceed with the acquisition of Ansys, according to a press release on July 14. The parties have outlined that they expect to finalize the transaction around July 17, contingent on the satisfaction or waiver of the remaining customary closing conditions. The intention to acquire Ansys was initially announced by Synopsys on Jan. 16, 2024, and involves a stock and cash transaction. This acquisition will comb...
    Toyota Tsusho America acquires Radius Recycling to advance circular economy goals
    Toyota Tsusho America, a subsidiary of Toyota Tsusho Corp., has completed the acquisition of Radius Recycling, a North American recycling company with a network of over 100 locations. This acquisition contributes to Toyota Tsusho's strategic goals of promoting a circular economy focused on recycling within the automobile life cycle, moving toward carbon neutrality, and providing long-term value to various stakeholders. Naoyuki Hata, president and CEO of Toyota Tsusho America, highlighted that...
    EnergyX to acquire Daytona Lithium from Pantera for A$40 million
    Energy Exploration Technologies Inc. (EnergyX), supported by General Motors, has entered a binding conditional agreement to acquire Daytona Lithium Pty. Ltd. from Pantera Lithium Ltd. for A$40 million. Daytona Lithium possesses 35,000 gross acres on the Arkansas side of the Smackover formation, which EnergyX regards as a promising lithium region in North America. EnergyX, based in San Juan, Puerto Rico, holds 12,500 acres on the Texas side and announced Project Lonestar in the Arkansas-Louisiana...
    Gabriel India invests $3.1 million to pick 51% equity stake in fasteners supplier JAIPL
    Gabriel India Ltd. will invest 268.3 million rupees (about $3.1 million) to acquire a 51% stake in Jinhap Automotive India Private Ltd. (JAIPL), forming a joint venture with South Korea's Jinos Co. Ltd., Autocar Professional reported July 9. The decision was made during Gabriel India's board meeting on July 9 to manufacture fasteners for the automotive and industrial sectors. With this investment, JAIPL will become a subsidiary of Gabriel India, while Jinos will retain a 49% stake. ...
    Somic Ishikawa acquires full ownership of Indian JV with ZF India
    ZF India Pvt. Ltd. and Somic Ishikawa Inc. have finalized an agreement to transfer 100% ownership of their joint venture, Somic ZF Components Pvt. Ltd., to the Japanese supplier, Autocar Professional reported July 9. This transaction marks the conclusion of a partnership that began over 30 years ago, although the financial details of the deal have not been disclosed by either party. With this acquisition, Somic Ishikawa will gain complete control over three manufacturing facilities in India t...
    Energie 360° acquires charging service Move Mobility to consolidate presence in Switzerland
    Zurich-based energy company Energie 360° has acquired electric vehicle charging service provider Move Mobility, strengthening its position in the electric mobility market in Switzerland. The acquisition increases the number of charging points managed by the Energie 360° mobility group to over 24,000 and its user base to over 250,000. Move Mobility will be integrated into the Energie 360° group but will keep its independent brand identity, similar to other brands in the group such...
    GlobalFoundries announces acquisition of MIPS to enhance customizable intellectual property offerings
    In a press release on July 8, GlobalFoundries announced a definitive agreement to acquire MIPS, a supplier of AI and processor intellectual property (IP). The acquisition aims to enhance GlobalFoundries' portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with enhanced IP and software capabilities. MIPS recently expanded its processor IP offerings based on the open RISC-V specification, launching the Atlas portfolio, a suite of compute cores f...
    Qt Group announces public offer to acquire Sweden-based embedded software solutions provider I.A.R. Systems Group
    On July 4, Finland-based software company Qt Group announced a public offer to acquire Sweden-based embedded software solution provider I.A.R. Systems Group AB. Qt Group, through its wholly owned subsidiary The Qt Company Ltd. offered to pay the shareholders of Class B shares of I.A.R. Systems at a rate of 180 kronor (about $18.87) per share, valuing the Swedish company at approximately 2.3 billion kronor. This offer presents a premium of 63.6% compared to the average...
    Bridgestone sells carbon black business in Thailand to Tokai Carbon
    Bridgestone Corp. has reached an agreement to sell the carbon black business in Thailand, operated by the wholly owned subsidiary Bridgestone Carbon Black (Thailand) Co. Ltd., to Tokai Carbon Co. Ltd. and Thai Tokai Carbon Product Co. Ltd. According to the Japanese tiremaker, the divestment is its strategy to enhance its global business by “turning changes into opportunities” and focusing on “growth with quality.” Bridgestone aimed to improve its premium tire business by increa...
    Lyten acquires Northvolt’s Poland-based battery plant
    Lyten, a US-based company specializing in supermaterial applications and lithium-sulfur batteries, plans to acquire Northvolt's Dwa ESS operations in Gdansk, Poland. The battery plant, which was part of Northvolt Systems, is the largest battery energy storage systems (BESS) manufacturing and research and development facility in Europe. Both companies have not disclosed the financial details of the acquisition. The deal will facilitate Lyten's expansion into the European market and enhance its...
    Harman acquires Cipia to enhance automotive in-cabin monitoring and safety features
    Harman International, a subsidiary of the South Korea-based conglomerate Samsung Electronics, has announced the acquisition of Cipia, an Israel-based supplier of driver and occupancy monitoring systems for the global automotive industry. The completion of the acquisition is subject to customary closing conditions and regulatory approvals. The acquisition is part of Harman's strategic expansion of its in-cabin experience portfolio, and it builds on the successful collaborat...
    Former Uber CEO and co-founder Travis Kalanick considers acquiring Pony AI's US arm – report
    Travis Kalanick, the former CEO and co-founder of Uber Technologies, is reportedly considering acquiring the US division of Pony AI, a mainland China-based autonomous driving company, several media outlets reported last week. According to The New York Times, Kalanick is working with investors to secure funding for the acquisition, with Uber potentially playing a role in facilitating the transaction. However, the discussions are still in preliminary stages. The financial details of the poten...
    Innolux subsidiary buys Pioneer Corp. for $1.1 billion
    CarUX, a provider of smart cockpit solutions and a subsidiary of Taiwan-based display maker Innolux Corp., has announced that it will acquire Japan’s Pioneer Corporation in a deal valued at ¥163.6 billion (approximately $1.1 billion), as reported by Reuters. CarUX stated it has entered into a definitive agreement with global investment firm EQT to acquire a 100% stake in Pioneer. The acquisition is expected to strengthen CarUX’s footprint in the Asia-Pacific market and expand its globa...
    Motive acquires InceptEV to enhance EV fleet management with advanced battery intelligence
    Motive, an AI-powered Integrated Operations Platform, has acquired InceptEV, a software startup from Carnegie Mellon University. InceptEV specializes in advanced battery intelligence and machine learning to aid companies in making informed electric vehicle investment decisions. This acquisition enables Motive to integrate patented battery intelligence software into its commercial fleet management platform, offering operations managers enhanced insights into EV performance. Venkat Viswanathan,...
    Private equity firm Mutares to acquire Continental's drum brakes site in Italy
    On June 18, Mutares signed an agreement to acquire Continental's drum brakes manufacturing plant and research and development facility in Cairo Montenotte, Italy. As part of the agreement, the Germany-based private equity firm will take over all Continental employees and business activities at the Cairo Montenotte site. The acquisition's conclusion is contingent upon customary closing conditions and approvals and is expected to be finalized in the fourth quarter of 2025. The Cairo M...
    Chevron enters domestic lithium sector with strategic acquisitions in Texas and Arkansas
    Chevron U.S.A. Inc., a subsidiary of Chevron Corp., announced its entry into the domestic lithium sector to bolster US energy security. This move involves the acquisition of two leasehold acreage positions, one from TerraVolta Resources, associated with The Energy & Minerals Group, and another from East Texas Natural Resources LLC. The leased areas cover approximately 125,000 net acres located in regions with the Smackover Formation, which spans Northeast Texas and Southwest Arkansas and ...
    ArcelorMittal acquires full ownership of advanced Calvert steel facility from Nippon Steel
    ArcelorMittal has completed the acquisition of Nippon Steel Corp.'s 50% equity stake in AM/NS Calvert, with ArcelorMittal already owning the remaining portion. The facility, now known as ArcelorMittal Calvert, was initially purchased by ArcelorMittal and Nippon Steel Corp. in 2014 from ThyssenKrupp for $1.55 billion, with the plant originally built at a cost of $5 billion and commencing operations in 2010. It holds a steel capacity of 5.3 million metric metric tons annually and is considered one...
    Haoxin Group acquires controlling stake in Officine Vica
    Italian powertrain components manufacturer Officine Vica announced June 13 that it signed a strategic investment agreement with mainland China’s Haoxin Group. Under the agreement, mainland Chinese automotive parts and precision castings company Haoxin Group will acquire a controlling interest in the Rivoli-headquartered supplier through the subscription of a capital increase. This strategic partnership will enhance Officine Vica’s new product development capabilities and support opport...
    Nippon Steel finalizes partnership with U.S. Steel to strengthen American operations and security
    Nippon Steel Corp. and United States Steel Corp. have finalized a significant partnership, concluding an 18-month process marked by political scrutiny and national security considerations. Under the terms of the $14.9 billion agreement, Nippon Steel has acquired all outstanding shares of U.S. Steel at $55 per share, while U.S. Steel will retain its iconic name and headquarters in Pittsburgh, Pennsylvania. The steel produced will continue to be “mined, melted and made” in the US, pr...
    NXP completes acquisition of TTTech Auto to enhance software-defined vehicle solutions
    NXP Semiconductors announced the completion of its acquisition of TTTech Auto, a supplier of middleware for software-defined vehicles (SDVs), as reported in a press release on June 17. This acquisition follows an agreement announced in January. The combination of NXP's CoreRide platform and TTTech Auto's MotionWise safety middleware is designed to help automakers address integration challenges related to software and hardware. It aims to simplify development processes, enhance scalability a...
    Dana sells Off-Highway business to focus on core On-Highway business comprising light and commercial vehicles
    Dana has reached a definitive agreement to sell its Off-Highway business to Allison Transmission for $2.7 billion, the US-based supplier said in a press release on June 11. This deal is expected to close in the fourth quarter of 2025, pending customary regulatory approvals and closing conditions. The sale aligns with Dana's strategy to focus on being a supplier for on-highway light and commercial-vehicle customers, offering both traditional and electrified systems. After accounting for taxes,...
    Plus Automation and Churchill Capital Corp IX announce merger to form PlusAI
    In a press release on June 5, Plus Automation Inc. (Plus), a Physical AI company specializing in AI-based virtual driver software for autonomous trucks, and Churchill Capital Corp IX, a special purpose acquisition company, announced a definitive business combination agreement. Once finalized, the merged entity will operate under the name PlusAI. Founded in Silicon Valley, California, US, in 2016, Plus focuses on developing virtual driver systems through AI models for scalable, adaptive a...
    Qualcomm acquires Autotalks to enhance automated driving and vehicle-to-everything deployment
    According to a press release on June 5, Qualcomm Inc. announced that its subsidiary, Qualcomm Technologies Inc., has finalized the acquisition of Autotalks, a notable entity in the realm of direct vehicle-to-everything (V2X) communication solutions. V2X technology is pivotal for improving road safety and enhancing transportation efficiency. The acquisition allows automakers and related sectors to access a comprehensive range of production-ready, automotive-qualified global V2X solutions ...
    Toyota Group announces tender offer to privatize Toyota Industries
    In a bid to advance its transformation into a mobility company, Toyota Group announced a planned tender offer for the shares of Toyota Industries Corp., involving Toyota Motor Corp., Aisin Corp., DENSO Corp. and Toyota Tsusho Corp. These transactions aim to privatize Toyota Industries. A new holding company will be created, with Toyota Fudosan investing approximately ¥180 billion (about $1.26 billion) and Akio Toyoda committing ¥1 billion. Toyota Motor plans to invest about ¥700 billion in...
    Trump announces US Steel partnership with Nippon Steel amid takeover speculation
    On May 23, US President Donald Trump announced a partnership between US Steel and Nippon Steel without explicitly endorsing the previously announced takeover of the US-based steelmaker by the Japanese rival. “I am proud to announce that, after much consideration and negotiation, US Steel remains in America and keeps its headquarters in the great city of Pittsburgh,” Trump said on his Truth Social platform. “My tariff policies will ensure that stee...
    Goodyear sells majority of Chemical business to Gemspring for $650 million
    Goodyear Tire & Rubber has reached a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital Management. Goodyear Chemical specializes in the production and supply of synthetic rubber with a broad product portfolio that serves the automotive aftermarket and consumer and industrial markets in North America. This sale aligns with the strategic review of Goodyear's Chemical business as part of the Goodyear Forward transformation plan....
    Rio Tinto and Codelco partner on high-grade lithium project in Chile
    Rio Tinto and Codelco have entered into a joint venture agreement to develop a high-grade lithium project in Chile's Salar de Maricunga. This collaboration is part of their strategic partnership aimed at enhancing their roles as suppliers of materials crucial for the global energy transition. The Salar de Maricunga, located in the Atacama region, is recognized for its large resource base with high lithium content, offering potential for scalable and economical production. Under the agreement,...
    Lumax Auto to acquire remaining stakes in IAC India for $28.8 million
    Lumax Auto Technologies Ltd., part of India-based auto component supplier Lumax DK Jain Group, has announced its plan to acquire the remaining 25% stake in IAC International Automotive India Pvt. Ltd. (IAC India) from IACG Holdings LUX SARL. This acquisition, valued at 2.21 billion rupees (about $25.8 million), will make IAC India a wholly owned subsidiary of Lumax Auto, enhancing its position in the automotive interior systems sector. With this transaction, Lumax Auto, which already&n...
    Gabriel India acquires assets of Marelli Motherson Auto Suspension Parts JV in India
    Gabriel India Ltd., the flagship company of India-based Anand Group, expanded its manufacturing capabilities through the strategic acquisition of assets from Marelli Motherson Auto Suspension Parts Pvt. Ltd., a joint venture between Marelli and Samvardhana Motherson International Ltd. The acquisition, finalized April 1, provides Gabriel India with additional annual production capacities of 3.2 million shock absorbers and 1 million gas spring units. It is also expected to expand Gabriel India'...
    Geely proposes to delist Zeekr a year after it went public in the US
    Geely Automobile Holdings is proposing to take its premium electric vehicle unit Zeekr private, a year after Zeekr's public debut in the US. Geely has submitted a non-binding offer to Zeekr on May 7 to acquire all issued and outstanding shares and American depositary shares (ADS) at $2.57 per share or $25.66 per ADS. According to the company, this offer represents a 13.6% premium to Zeekr's recent closing price in the US and a 20.0% premium to its volume-weighted average price over ...
    Mennekes acquires Charge-V, forays into DC charging system business
    Germany-based supplier of industrial connectors and electric vehicle charging solutions Mennekes plans to foray into the DC charging systems business by strategically expanding its portfolio with a new product segment, the company announced May 6. Mennekes’ foray into the DC charging systems business comes on the back of the acquisition of the Munich-based startup Charge-V, part of the Vispiron Group. As part of the deal, Mennekes will acquire all the assets of Charge-V. Notably, Ch...
    Nuvve Holding acquires Fermata Energy assets to enhance V2G technology and grid modernization
    Nuvve Holding Corp., a firm specializing in vehicle-to-grid (V2G) technology and grid modernization, has acquired substantially all of Fermata Energy LLC's assets through its subsidiary, Fermata Energy II LLC (Fermata 2.0). The acquisition aims to enhance Nuvve's intellectual property, expand customer reach and accelerate revenue growth by uniting two significant V2G innovators. The transaction involved issuing 4.9 million shares of convertible preferred stock to Fermata's previous debt holde...
    Gridline acquires Shell Telematics to enhance fleet management solutions
    Gridline Inc., based in Scottsdale, Arizona, announced its acquisition of Shell Telematics, a move that aims to strengthen Gridline's market position in the telematics and data solutions sector and expand its offerings. This strategic acquisition is expected to boost Gridline's service capabilities, enabling the company to leverage Shell's established customer base along with its own innovative technologies to enhance fleet management services. The acquisition focuses on emerging trends in fleet...
    Acciona Energía acquires Cable Energía to expand EV charging network in Spain and Portugal
    Acciona Energía has advanced its electric mobility strategy by acquiring Cable Energía, which operates the Shell Recharge network in Spain and Portugal outside of Shell's service stations. This acquisition includes 396 charging points distributed across the Iberian Peninsula in high-traffic areas such as restaurants, shopping centers, supermarkets, hotels and highways. Additionally, the deal features a development pipeline with 321 charging points in the process of grid connection or s...
    Samvardhana Motherson completes acquisition of Brazil-based supplier Baldi Industria
    Samvardhana Motherson International Ltd. (SAMIL), a global supplier of automotive components headquartered in India, has successfully completed the acquisition of Baldi Industria E Comercio Ltda., a Brazil-based automotive component manufacturer, Autocar Professional reported May 3. This acquisition, first announced in December 2024, was executed through SMP Automotive Produtos Automotivos Do Brasil Ltda. (SMP Brasil), a wholly owned subsidiary of Samvardhana Motherson Automotive Systems Group B...
    Toyota Motor explores buying out Toyota Industries for $42 billion
    Toyota Motor is exploring the possibility of investing in a potential buyout of Toyota Industries, Reuters reported April 27. “We are currently exploring various possibilities, including partial investment,” the Japanese automaker confirmed in a regulatory filing with the Tokyo Stock Exchange on April 26. Meanwhile, a report from Bloomberg on April 25 said that Akio Toyoda, chairman of Toyota Motor, and his founding family have proposed to acquire Toyota Industries for ¥6 trillion (...
    Avia Volt acquires charging infrastructure provider Plug’N Roll
    Avia Volt, a leading electric vehicle charging solutions company that also operates as one of the largest gas refuelling station operators in Switzerland, has acquired the EV charging infrastructure provider Plug'N Roll from Repower, the company announced April 24. This acquisition will help Avia Volt in expanding its EV charging infrastructure in Switzerland by 2,345 EV charging points. The deal is also expected to benefit the existing customers of Plug’N Roll by providing them the access ...
    Global Technologies acquires Novares Group
    Global Technologies has completed the acquisition of 100% of Novares Group, a France-based supplier of automotive plastic parts, from its previous owners — Equistone, Bpi France and other minority shareholders. This acquisition marks a significant milestone for Novares, which is expected to enhance its position in the automotive market. Novares specializes in automotive exteriors and interior parts as well as powertrain, including electric powertrain components. The company said one in ever...
    ABC Technologies completes acquisition of TI Fluid Systems
    ABC Technologies has successfully completed the acquisition of TI Fluid Systems for an enterprise value exceeding £1.8 billion. The company has also decided to rebrand the combined business as TI Automotive, saying the new name aligns with both companies' legacies of outstanding engineering, employee dedication and customer service. The merger, first announced in November 2024, unites two companies that are highly complementary, establishing a more robust and diverse tier 1 manufacturer...
    Intellihub Group acquires Engie's EV charging network in Australia and New Zealand
    Intellihub Group, through its subsidiary EVSE, one of the leading providers of electric vehicle charging solutions in Australia, has strategically acquired the Australian and New Zealand EV charging network from Engie, a global energy and services group. This acquisition has significantly expanded EVSE's public charging network by adding over 200 new locations, including high-traffic sites such as Chadstone, the largest shopping center in Victoria, Australia; and Chatswood Chase in Sydney, ...
    Piedmont Lithium and Sayona Mining set for merger to form Elevra Lithium
    Piedmont Lithium Inc., a key supplier of lithium products in North America, and Sayona Mining Ltd. have provided an update on their proposed merger initially announced Nov. 19, 2024. This merger is set to create a leading lithium business named Elevra Lithium, pending the completion of the transaction and approval from Sayona shareholders. The formation of Elevra Lithium's board of directors has been detailed, comprising four nominees each from Piedmont and Sayona's boards. However,...
    Infineon acquires Marvell’s Automotive Ethernet business for $2.5 billion
    Infineon Technologies AG, based in Neubiberg, Germany, has announced its acquisition of Marvell Technology's Automotive Ethernet business for $2.5 billion in cash. This strategic move is aimed at enhancing Infineon's capabilities in the automotive sector, particularly in the area of software-defined vehicles, by integrating Marvell's automotive Ethernet technology with Infineon's existing portfolio of automotive microcontrollers. The acquisition is expected to generate revenue between $225 milli...
    CNGR Advanced Material exits from proposed precursor cathode active material plant project in Finland
    Finnish Minerals Group has become the sole owner of CNGR Finland after CNGR Advanced Material Ltd. decided to exit the planned precursor cathode active material (pCAM) plant project in Hamina, Finland, due to challenging market conditions globally. Previously, Finnish Minerals Group held a 40% minority stake in CNGR Finland. The departure of CNGR Advanced Material Ltd. is attributed to the significant overcapacity of precursor materials in China and the Pacific region, compounded by tariffs f...
    Lanxess completes sale of Urethane Systems to UBE Corp.
    Specialty chemicals company Lanxess has successfully completed the sale of its Urethane Systems business to Japan-based chemical product manufacturer UBE Corp. This transaction, which was first announced in October 2024, received approval from all relevant antitrust authorities. The company received gross cash proceeds of approximately €500 million from the sale, with the enterprise value of the deal being pegged at €460 million. Lanxess’ Urethane Systems business special...
    LG Energy Solution buys GM's stake in Michigan EV battery plant for $2 billion
    LG Energy Solution (LGES) has announced that its US subsidiary will purchase the assets of its electric vehicle battery joint venture with General Motors (GM) in Michigan, US, for $2 billion. This deal, expected to close on May 31, may undergo adjustments in value following due diligence, according to an announcement made by the EV battery manufacturer. The move comes as GM has been reconsidering its EV strategy, influenced by uncertainties concerning EV battery production's future and consum...
    EcoPro Materials secures major investment for nickel smelting in Indonesia
    EcoPro Materials, a precursor production subsidiary of EcoPro Group, has made a significant move into the nickel smelting sector by securing a 400 billion won (about $271 million) investment aimed at expanding its operations into Indonesia. The company recently raised 389 billion won through a third-party allotment capital increase, with a major portion of this funding dedicated to acquiring a 28% stake in the Indonesian nickel smelting company PT. Green Eco Nickel, as well as for operational ex...
    Strategic consolidation: AAM's acquisition of Dowlais Group
    On Jan. 29, American Axle & Manufacturing (AAM) entered into a definitive agreement to acquire Dowlais Group through a combination of cash and stock, which values the UK-based firm at approximately $1.44 billion. Dowlais Group owns GKN Automotive and GKN Powder Metallurgy. Following shareholder and regulatory approvals, the transaction is anticipated to close by the fourth quarter of 2025. Potential synergies of AAM-Dowlais deal a.  AAM’s current business scenario AAM’s bus...
    Gentex completes acquisition of Voxx International
    Voxx International has completed its previously announced sale to Gentex Corp. The two companies entered a definitive agreement and planned to merge in December 2024. Under the agreement, Gentex agreed to purchase Voxx in an all-cash transaction valued at $7.50 per share. The acquisition was finalized after a special meeting held by Voxx on March 31, where stockholders voted in favor of the merger, with regulatory and stockholder approvals in place. Voxx Chairman Ari Shalam expressed gratitud...
    SEALSQ partners with IC’ALPS to advance automotive semiconductor technology
    SEALSQ Corp., a Nasdaq-listed company specializing in semiconductors, PKI and post-quantum technology, has announced a strategic collaboration with IC'ALPS, an application-specific integrated circuit (ASIC) design house known for its expertise in custom integrated circuits compliant with IATF16949 standards and functional safety for ISO 26262. This partnership comes on the heels of SEALSQ's announcement in February of entering into exclusive negotiations for acquiring IC'ALPS. The acquisiti...
    LG Energy Solution acquires full ownership of Michigan EV battery plant
    LG Energy Solution (LGES) has assumed full ownership and control of the $2.5 billion electric vehicle (EV) battery plant located in Lansing and Delta Township, Michigan, following the acquisition of General Motors's interest in the project. This transition was facilitated by the Michigan Strategic Fund Board, which approved amendments transferring a $120 million performance-based grant originally designated for Ultium Cells LLC to LGES. Ultium Cells was a joint venture between GM and LGES. Wi...
    Tata AutoComp acquires 80% stake in Artifex Interior Systems
    Tata AutoComp Systems, an Indian automotive components manufacturer within the Tata Group, has completed the acquisition of an 80% stake in Artifex Interior Systems Limited, previously known as IAC UK. The acquisition was carried through Tata Motors’ wholly owned subsidiary Jaguar Land Rover Ventures Limited (JLRV). This transaction, executed on March 28, 2025, involved a payment of £77 million with a potential additional deferred consideration of £6.3 million, based on certain conditions...
    Tata AutoComp to acquire IAC Sweden, strengthening European presence
    Tata AutoComp Systems has announced it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe's automotive sector. The company, however, did not disclose any financial details. IAC Sweden has a turnover of approximately $800 million and is a well-established manufacturer of interior systems and components to the automotive industry. The transaction is subject to European regulatory approvals, according to Tata AutoComp. "This ...
    UK-based CPO Believ acquires Switch EV to build new capabilities
    UK-based electric vehicle charge-point operator (CPO) Believ has acquired the assets of Switch EV, a cloud-based charge-point management solutions provider, to build new capabilities to meet the future EV infrastructure requirements of local authorities, businesses, landowners and EV drivers, according to a news report published by The Energyst on March 24. According to the news report, Switch EV’s scalable platform is designed to provide real-time charger data to support CPOs in incre...
    Sandhar Technologies acquires aluminum die-casting business of Sundaram-Clayton Ltd.
    The board of directors of Indian auto components supplier Sandhar Technologies has approved the acquisition of the high-pressure and low-pressure aluminum die-casting businesses of Sundaram-Clayton Ltd. (SCL) at its Hosur, India, plant. The acquisition was made through Sandhar Ascast Pvt. Ltd., a wholly owned subsidiary of Sandhar Technologies, through a slump sale. In February, the SCL board decided to sell its aluminum die-casting businesses at its Hosur plant. The operations approved ...
    Jay Bharat Maruti Ltd. raises equity stake in JODT to strengthen production capabilities
    Jay Bharat Maruti Ltd. (JBML) has increased its ownership in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49% by buying additional equity from its joint venture partner, Ogihara Thailand Co. Ltd. (OTC). This strategic move is aimed at strengthening JBML's production capabilities, particularly in the production of high-tensile and critical body-in-white (BIW) dies. JODT, a JV between JBML, JBM Auto Ltd. and OTC, specializes in the production and selling of press-stamping dies.  ...
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