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Acquisition
Renesas to acquire Intersil to create the World’s leading embedded solution provider
Key Transaction Highlights: Acquisition creates a highly synergistic, complementary product portfolio of system solutions targeted at large opportunities in the automotive, industrial, and IoT markets. Complementary customers and geographic penetration
Nissan acquires 34% stake in Mitsubishi
Nissan and Mitsubishi Motors (MMC) announced recently that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC share issue,
Spark Minda, Ashok Minda Group acquires Panalfa Autoelektrik Ltd.
Global Automotive Component manufacturer ‘Spark Minda, Ashok Minda Group’ today announced the acquisition of Panalfa Autoelektrik Limited through its flagship company, Minda Corporation Limited. The Group has acquired 100% Equity
Volvo Cars to develop next generation automotive technologies with Microsoft
Volvo Cars, the premium car maker, will work together with Microsoft, the leading platform and productivity company, to jointly develop next generation automotive technologies. The two companies today revealed how
MAGNA enters into agreement to acquire Getrag
Magna International Inc. recently announced that it has signed an agreement to acquire the Getrag Group of Companies (“Getrag”), one of the world’s largest suppliers of automotive transmissions. Getrag has an 80-year history
BorgWarner enters into agreement to acquire Remy International
BorgWarner announced today that it has entered into a definitive agreement to acquire Remy International, Inc. (Remy), a global market leading producer of rotating electrical components. With key technologies and
Volvo Cars buys 100 per cent of Polestar
Volvo Cars, the premium car maker, has acquired 100 per cent of Polestar, the Swedish high performance car company, including the Polestar brand. Polestar will now be used as the
Federal-Mogul Powertrain Acquires TRW Engine Components Operations
Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation, recently announced that it purchased TRW’s ownership shares in two engine components joint ventures, completing its acquisition of TRW’s Engine Components business.
Volvo Cars sells its Floby component plant to Amtek Group
Volvo Cars announced that its component plant in Floby, Sweden will be sold to Amtek Group, a global manufacturer of automotive components. The Floby plant produces brake discs, wheel hubs
Continental Closes Acquisition of Elektrobit Automotive
The Continental Corporation has closed its acquisition of Elektrobit Automotive Group, formerly wholly owned by Finnish Elektrobit Corporation, Helsinki. The shareholders of Elektrobit Corporation approved the acquisition on June 11
