The Benteler Group is acquiring Ioki GmbH, a provider of software-based mobility solutions, from Deutsche Bahn AG. The agreement has been signed, but details remain confidential, with the transaction's closing anticipated soon. The acquisition creates a new full-service provider for autonomous mobility in Europe, comprising Holon, Ioki and Benteler Mobility. Holon manufactures autonomous shuttles, Ioki offers platform and routing technology for dynamic services and public transport int...

South Korea's LG Energy Solution announced plans to sell a factory building and associated assets in Ohio, US, to Honda Development and Manufacturing of America as part of a $2.86 billion deal. The agreement excludes land and equipment and is intended to enhance the operational efficiency of their joint venture. LG Energy Solution, however, will not dissolve the JV or reduce its stake, aiming instead to improve factory operations. Production at the site is anticipated to commence in 2026, wit...

Lithium Royalty Corp. has announced a definitive agreement with Altius Minerals Corp., under which Altius will acquire all outstanding common shares and convertible common shares of Lithium Royalty Corp. This acquisition offers shareholders a choice of consideration per share, including 0.240 common shares of Altius, C$9.50 in cash, or if no choice is made, a combination of 0.16 common shares of Altius and C$3.17 in cash. The transaction does not require financing conditions and is projected ...

ZF Group has agreed to sell its Advanced Driver Assistance Systems business to US-based in-cabin electronics specialist Harman International Inc. in a deal valued at €1.5 billion. The transaction, subject to regulatory approvals, marks a key milestone in ZF’s ongoing strategic realignment. ZF CEO Mathias Miedreich said the divestment allows the group to sharpen its focus on core technologies where it holds global leadership positions, including chassis systems, powertrain solutions, ...

Zeekr Group has finalized its merger with leading mainland Chinese automaker Geely Automobile Holdings, becoming a wholly owned subsidiary of the latter and ceasing to be a publicly traded company. Following the merger, Zeekr has requested the NYSE to suspend trading of its American Depositary Shares (ADS) by Dec. 22, 2025, and to notify the SEC of its delisting and deregistration of securities. This merger is part of Zhejiang Geely Holding Group's broader restructuring strategy, which aims t...

The board of directors of leading Indian auto parts supplier Samvardhana Motherson International Ltd. (SAMIL) has approved the acquisition of certain assets of Nexans AutoElectric GmbH and Elektrokontakt GmbH for €207 million. The acquisition, to be carried out through Motherson Global Investments BV (MGI BV), a wholly owned subsidiary of SAMIL, is subject to employee consultations and regulatory approvals. Nexans AutoElectric is a well-known manufacturer specializing in automotiv...

Li-FT Power Ltd. has entered a binding agreement to fully acquire Winsome Resources Ltd. through Australian share and option schemes of arrangement, contingent on fulfilling various conditions. Additionally, Li-FT has a nonbinding letter of intent with Azimut Exploration Inc. and Soquem Inc. to acquire a 75% interest in the Galinée property. The Galinée property is adjacent to the Adina project, and both are collectively referred to as Adina-Galinée. The Adina project boasts significant li...

Samvardhana Motherson International Ltd. (SAMIL) has acquired the remaining 10% equity stake in Motherson Lumen Systems South Africa Pty. Ltd. This acquisition was carried out through Motherson Lumen Holding Ltd., which is an indirect wholly owned subsidiary of SAMIL. With this acquisition, Motherson Lumen Systems South Africa has become an indirect wholly owned subsidiary of the parent company. Motherson Lumen Systems South Africa operates a design, manufacturing and sales facility loca...

The Audi Group has announced a strategic partnership with UST, a global transformation company specializing in AI-powered technology, design and engineering. UST, based in Aliso Viejo, California, will acquire a majority stake in Italdesign, which is owned by Automobili Lamborghini SpA, a part of the Audi Group. Lamborghini will retain a significant stake in Italdesign, ensuring Audi's continued involvement as a strategic partner and important client. UST's acquisition of Italdesign marks the...

Superior Industries has completed the acquisition by a group of its term loan investors, including Oaktree Capital Management. This transaction involves converting a significant portion of the investors' term loans into equity and terminating the company's preferred stock, effectively creating a robust capital structure to enhance long-term growth in the global wheel industry. As part of this development, Majdi Abulaban has resigned as CEO of Superior Industries with immediate effect. The US-...

Asahi Kasei, a global manufacturer with operations across the healthcare, homes and material sectors, has announced the strategic sale of its Daramic lead battery separator business to Kingswood Capital Management LP. The transfer of Daramic was completed on Dec. 1, with minimal impact on Asahi Kasei's consolidated financial results for fiscal 2025. Hideyuki Yamagishi, the primary executive officer and president of the Material Sector at Asahi Kasei Corp., emphasized that the divestiture...

Adient, a company specializing in automotive seating, has completed the acquisition of a 49% equity stake in SCI (Zhangjiakou) Co. Ltd., a supplier under Zhejiang Yoening Technology Group in China. This acquisition establishes a new strategic joint venture aimed at developing and manufacturing innovative seating solutions for the Chinese automotive market, particularly for key Chinese original equipment manufacturers. This collaboration is part of Adient's strategy to strengthen its presence in ...

StoreDot Ltd., an Israeli company specializing in extreme fast charging (XFC) battery technology for electric vehicles, has announced a definitive business combination agreement with Andretti Acquisition Corp. II, a publicly traded special purpose acquisition company based in the Cayman Islands. The newly formed entity, named XFC Battery (Pubco), aims to accelerate the commercialization of StoreDot's XFC batteries, addressing the significant consumer concern of long charging times in the EV mark...

Milepost AB, Sweden's independent electric vehicle charging operator focused on everyday charging, has acquired the EV charging stations of Enkla Elbolaget. Enkla Elbolaget, an electricity provider serving consumers and enterprises across Sweden, has been offering EV charging services since 2015 in the municipalities of Karlshamn, Kristianstad and Ronneby. Under the agreement between Milepost and Enkla Elbolaget, Milepost will take ownership of Enkla Elbolaget's charging stations in these are...

Element Fleet Management Corp., a publicly traded automotive fleet manager, announced its acquisition of Car IQ, a technology company specializing in connected vehicle payments. This acquisition enables the integration of vehicle-initiated payments directly into Element's fleet management ecosystem, probably the first of its kind in the market. This strategic move allows Element to provide enhanced connected mobility, data and fleet management solutions with digital payments capabilities across ...

Tata AutoComp Systems has completed the previously announced acquisition of International Automotive Components (IAC) Group Sweden's assets, expanding the Indian manufacturer's reach in Europe. The acquired business will operate as Artifex Systems AB, a wholly owned subsidiary of Tata AutoComp, with an annual turnover of about $800 million.  Artifex Systems AB operates three production facilities in Sweden, located in Låssby (Gothenburg), Färgelanda and Skara, employing approximately&n...

Inteva Products has completed the previously announced acquisition of portions of International Automotive Components (IAC) Group's European business. This acquisition aims to strengthen the US-based supplier's position in the automotive interiors market and expand its global engineering expertise.  Gerard Roose, president and CEO of Inteva Products, expressed enthusiasm over welcoming new colleagues from select IAC operations in Europe, emphasizing the shared commitment to innovation, e...

Wayve has announced the acquisition of Quality Match, a German startup known for its expertise in data quality assurance for computer vision datasets and AI. The acquisition underscores Wayve's commitment to data accuracy as an essential component of safe and scalable autonomous driving. Quality Match, founded in 2019, specializes in interpreting and analyzing data critical for training AI models, particularly in advanced assisted and automated driving applications. By integrating Quality Match ...

Toyota Boshoku America has completed the acquisition of TBDN Tennessee Co. The acquired company was established in 1990 as a joint venture between Toyota Boshoku America and DENSO International America to manufacture automotive powertrain products, including air cleaners, air filters and oil filters. With the acquisition, Toyota Boshoku America has taken over the operations and assets of TBDN Tennessee Co. and rebranded it as Toyota Boshoku Jackson Tennessee LLC (TBJT). “We are gratefu...

Forvia is exploring its options to sell part of its Automotive Interiors business as part of its ongoing strategy to streamline its portfolio and reduce debt, Reuters reported Nov. 28. This initiative is part of a divestment program totaling €1 billion, which was announced in October 2023. The France-based company has already completed a quarter of the divestment program, with individual asset sales ranging from €50 million to €200 million. In a statement released on ...

Electreon and InductEV are set to merge their operations once a definitive agreement is signed, with the aim of forming a comprehensive wireless charging solution for various electric vehicle use cases. By integrating Electreon's dynamic wireless charging and stationary high-power technology with InductEV's ultrafast static systems and charging platform, the combined company intends to support a range of vehicles, including passenger cars, vans, buses, heavy-duty trucks and autonomous vehicles, ...

Toyoda Gosei reported a 3.8% year-over-year increase in revenue to ¥535.6 billion (about $3.6 billion) in the first half of the financial year 2025/26, which ended on Sept. 30, 2025. Excluding the impact of foreign exchange, revenue increased 6% year over year. Higher revenue enabled the Japan-based company to record an operating profit of ¥32.9 billion, up 14% year over year, while net profit increased 52.3% to ¥27.7 billion. Revenue in Japan increased 6.4% year over year to ¥222.4 ...

Linamar Corp. has completed the previously announced acquisition of select assets from Aludyne North America. The strategic acquisition enhances Linamar's Structures and Chassis business by incorporating advanced capabilities in aluminum casting, precision machining and product design. The assets acquired from Aludyne include a range of structural components such as knuckles, subframes, control arms and axle housings. This aligns with Linamar’s strategic focus on developing propulsion-agnos...

Clarios, a global entity in low-voltage energy storage solutions, has announced its acquisition of Maxwell Technologies, a company specializing in supercapacitor cells and modules for various applications, including mobility and data centers. The acquisition aims to fortify Clarios' stance in high-performance, short-duration energy storage solutions by leveraging Maxwell's innovative supercapacitor technology. Supercapacitors are distinguished by their ability to charge and release energy rap...

Posco Holdings has announced its plan to invest 1.2 trillion won (approximately $820 million) in Australia and Argentina to strengthen its global lithium resource supply chains, aiming to improve lithium cost competitiveness and secure stable raw material procurement through aggressive investment strategies. On Nov. 12, Posco Holdings revealed its intention to acquire a 30% stake in Lithium Co. (tentative name), a new intermediate holding company to be established by the Australian mining com...

Inteva Products announced an agreement to acquire certain portions of the International Automotive Components' (IAC) European business. The financial details of this agreement were not disclosed.  “This acquisition strengthens our presence in Europe, the world’s second-largest vehicle market, and reinforces our position as a key partner to global OEMs,” said Marco vom Wege, vice president and chief commercial officer of Inteva Products, responsible for M&A. Gerard ...

Schaeffler has decided to sell its turbocharger business in mainland China, which is experiencing a downturn, to Chengdu Xiling Power Science & Technology Incorporated Co. This business, which is consolidated under Vitesco Automotive Shanghai Co. Ltd., reported revenue of about €100 million in 2024 and employs about 50 people. Schaeffler and Xiling signed the purchase agreement for the acquisition on Nov. 5. The transaction is expected to close in the first ha...

AtoB, a financial services company specializing in fleet payment and spend management solutions, has announced it intends to acquire LogiPe, a fleet solutions startup from India. This acquisition seeks to advance the creation of an integrated, next-generation financial ecosystem for fleet owners and operators globally. LogiPe, founded in 2022, has quickly gained a reputation in India with over 10,000 fleet owners as clients, including Bigstock Logistics and Instant Transports. The company off...

NXP Semiconductors NV has completed its previously announced acquisitions of Aviva Links and Kinara, strengthening its automotive networking and edge AI portfolios. Acquisition of Aviva Links was finalized Oct. 24 via a $243 million cash purchase. Aviva Links is a key supplier of Automotive SerDes Alliance (ASA)-compliant high-speed in-vehicle connectivity solutions. The addition of Aviva Links expands NXP’s automotive networking capabilities across automotive and industrial/internet...

Axent Capital Partners has acquired the Germany-based automotive interior supplier, Eissmann Group. Eissmann supplies nearly all luxury car brands, including Rolls-Royce, Bentley, Lamborghini, Bugatti, Aston Martin, Porsche and high-end models from Mercedes, BMW and Audi. The company’s core expertise is the high-quality manufacturing of leather and textile materials for seat upholstery and interior components such as gear knobs, storage compartments and armrests.  The acquisition speci...

Renesas Electronics Corp. is considering selling its Timing division, a move that could see the unit valued at nearly $2 billion. The Japanese semiconductor firm has engaged JPMorgan to explore this potential divestment, which is in its preliminary stages. There is expected interest from major players in the chip industry, such as Texas Instruments from the US and Germany's Infineon.  Renesas' Timing division specializes in integrated circuits responsible for managing clock, timing and s...

Linamar Corp., a Canada-based automotive supplier, has signed a definitive agreement to acquire select assets of Aludyne Inc. in North America for $300 million. Aludyne is a US-based automotive supplier specializing in lightweight aluminum chassis and structural technologies. This acquisition will significantly expand Linamar's manufacturing presence in North America, particularly in the US. The acquisition complements Linamar's existing Structures and Chassis business by enhancing capabiliti...

Shanshan Co. Ltd., a mainland China-based supplier of lithium battery anode materials, has agreed to be acquired by a consortium led by shipping magnate Ren Yuanlin and the founder of Jiangsu Xinyangzi Trading, Yicai Global reported Oct. 9. This acquisition follows a court order for its debt-laden parent company, Shanshan Group, to undergo asset restructuring. The consortium will pay 3.2 billion yuan (nearly $450 million) to gain a 23.3% equity stake in Shanshan, with Ren becoming the new contro...

Microchip Technology and AVIVA Links have achieved the Automotive SerDes Alliance Motion Link (ASA-ML) interoperability milestone, marking a shift toward open standards in automotive connectivity. In October, AVIVA Links announced its acquisition by NXP Semiconductors, reflecting industry support for ASA-ML standards. ASA-ML is being increasingly adopted by original equipment manufacturers and tier 1 suppliers for in-vehicle networking due to its high-speed communication capabilities for cameras...

Toray Industries Inc., based in Tokyo, announced its decision to sell the remainder of its stake in the joint venture LG Toray Hungary Battery Separator Kft. to LG Chem Ltd. for approximately ¥30 billion (approximately $202.5 million). This JV operates in Hungary, producing and selling battery separator film for rechargeable lithium-ion batteries. Toray, which initially held a 50% stake in the company, had already agreed to sell 20% to LG Chem after June 30. With the new agreement, Toray is ...

Geotab has acquired the commercial operations of Verizon Connect's telematics business across Australia, the UK, Ireland, Italy, France, Portugal, Poland, the Netherlands and Germany as of Oct. 1. This strategic acquisition excludes Verizon Connect's product, engineering and non-sales teams, and aims to significantly widen Geotab's global reach and bolster its market presence, particularly within the small- to midsized fleet segment in international markets. By assimilating Verizon Connect's com...

Two prominent Antwerp-based companies, Stroohm and Pluginvest, have announced their merger on Oct. 1, positioning themselves as market leaders in Belgian electric mobility. Both companies are recognized for their pioneering charging solutions for employees, both at home and in the office, and maintain a strong presence in publicly accessible AC and DC charging stations. The two companies also offer professional maintenance services. The newly formed entity will continue under the name Stroohm...

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 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 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 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 (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 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 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, 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, 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, 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 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...

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 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 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 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 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 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 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...

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 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, 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...

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...