Be.EV has acquired Mer's UK public charging network, expanding its reach nationwide and enhancing convenience for customers seeking reliable charging options. The acquisition brings over 1,600 charging bays at more than 450 sites into Be.EV's network, bolstering its presence particularly in the South of England and complementing its existing operations in the North and Midlands. This move propels Be.EV into the UK's top 10 charging networks by rapid and ultrarapid-charging capacity, providing...

Connected Kerb has acquired Trojan Energy in a deal announced Feb. 10. The move came to light soon after Trojan Energy entered administration after it failed to secure necessary funding to support its operations and new technology development. The deal will provide Connected Kerb with access to Trojan Energy's Flat & Flush on-street charging technology and associated network, which aligns with its strategy to enhance smart, accessible and future-proof charging infrastructures catered...

Ubitricity, a wholly owned subsidiary of Shell and the UK's largest public electric vehicle charging operator, has announced the acquisition of FM Conway's SureCharge EV charging network. This transaction will integrate over 2,400 charge points into the Ubitricity Shell Recharge network, enhancing its coverage throughout London. The charge points are installed in lampposts on residential streets and operate at 4.8 kilowatts per hour, making them suitable for overnight EV charging. The...

Bridgestone Corp. has reached an agreement to sell its Steel Cord business in mainland China and Thailand to Bekaert. The Japanese tiremaker operates its Steel Cord business in these two Asian markets with wholly owned subsidiaries: Bridgestone (Shenyang) Steel Cord Co. Ltd. and Bridgestone Metalpha (Thailand) Co. Ltd. Bridgestone expects this sale to be completed in the first half of 2026. The Thai subsidiary of the Japanese tiremaker, Bridgestone Metalpha, was established 30 years ago. It o...

Ouster, a company specializing in sensing and perception for physical AI, announced that it completed the acquisition of StereoLabs SAS on Feb. 4. StereoLabs, known for its AI vision and perception solutions, has provided 3D vision systems since 2010, shipping over 90,000 ZED cameras to a customer base exceeding 10,000, and is supported by a broad developer community. With this acquisition, Ouster introduces physical AI's first unified sensing and perception platform, integrating digital lidar, ...

In late January, OPmobility signed a memorandum of understanding (MOU) with Hyundai Mobis to explore the potential acquisition of the South Korean supplier’s lighting business. The two companies aim to reach a definitive agreement in 2026. The acquisition promises to significantly expand OPmobility’s global position as one of the leading tier 1 suppliers of lighting systems, a business the French supplier entered just four years ago. Hyundai Mobis is the largest tier 1 ...

LG Energy Solution is set to acquire full ownership of NextStar Energy, following a strategic decision made jointly with Stellantis, which will sell its 49% stake in the company. This transition is a result of extensive discussions with NextStar Energy's leadership and aims to ensure long-term growth and investment while maintaining a seamless transition. Established in 2022 as a joint venture between LG Energy Solution and Stellantis, NextStar Energy operates Canada's first large-scale battery ...

Dauch Corp. has announced the completion of its acquisition of Dowlais Group, including its subsidiaries GKN Automotive and GKN Powder Metallurgy. David C. Dauch, chairman and CEO of Dauch Corp., described this acquisition as a transformative event for both companies. The combined entity aims to become a leading driveline and metal-forming supplier in the global automotive industry, with a focus on meeting current demands and advancing into future propulsion technologies. Following ...

Texas Instruments, a global semiconductor company, has announced a definitive agreement to acquire Silicon Labs, known for its secure, intelligent wireless technology, for $231.00 per share in an all-cash transaction, valued at approximately $7.5 billion. This acquisition aims to enhance Texas Instruments' capabilities in embedded wireless connectivity solutions by integrating Silicon Labs' mixed-signal solutions with its own analog and embedded processing technology. The merger will leverage...

STMicroelectronics has finalized its acquisition of NXP Semiconductors' micro-electromechanical systems (MEMS) sensors business, a deal first announced in July 2025, which has now gained full regulatory approval. This acquisition enhances STMicroelectronics' global capabilities in automotive safety products and industrial application sensors. The company anticipates that this acquired business will contribute in the mid-40 million dollar range to its revenue in the first quarter of 2026. The tra...

Infineon Technologies has entered into an agreement to acquire ams OSRAM's non-optical analog and mixed-signal sensor portfolio, valued at €570 million. This acquisition aims to fortify Infineon's presence in the automotive, industrial and medical sensor markets. The deal, set to close in the second quarter of 2026, involves taking over a fabless sensor business, including products, intellectual property, research and development capabilities, and necessary equipment. It also involves the tran...

Stoneridge has completed the sale of its Control Devices business to an affiliate of the US-based private equity firm Center Rock Capital Partners. The transaction, which closed on Jan. 30, included a base purchase price of $59 million. The divested business line offers a full range of control modules, including door, interior and chassis control modules, for various vehicle architectures and original equipment manufacturers. Stoneridge plans to use the...

Milepost AB, Sweden's first independent electric vehicle charging operator, has acquired the EV charging stations operated by Toveks Bil on municipal parking sites. Toveks Bil operates in 18 cities in western Sweden, offering wholesale services and vehicle support, and since 2022, has provided EV charging services in the municipalities of Lidköping, Sotenäs and Falköping in Sweden. Before this acquisition, Milepost had established its services in Lidköping on three sites. Under ...

Repairify's diagnostics brands, asTech and BlueDriver, along with Opus IVS, have announced their intention to combine efforts to accelerate innovation in the automotive diagnostics industry. This merger aims to integrate complementary technologies, extensive technical expertise and a talented workforce to help repairers efficiently service complex vehicles. With the evolution of automotive technology and the growing demand for accurate diagnostics and advanced driver assistance system calibratio...

Intelligent power management company Eaton has announced plans to separate its Vehicle and eMobility segments, collectively known as the Mobility Group, into an independent publicly traded entity. According to Eaton's CEO, Paulo Ruiz, this move aligns with Eaton's 2030 growth strategy, allowing the company to focus on its core Electrical and Aerospace businesses. The separation is intended to enable Eaton to capitalize on market trends such as electrification, digitalization, AI and increased in...

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...