SEET, UAE to acquire stakes in NWTN Inc. On July 16, NWTN Inc. executed an agreement with SEET LLC, a subsidiary of Medad Holding, a leading investment institution in the UAE. NWTN and SEET have signed a Share Purchase Agreement under which SEET will invest USD 100 million to acquire newly issued NWTN shares.  Additionally, SEET and its affiliated companies will partner with NWTN in strategic initiatives spanning urban mobility, AI, smart energy...

News  Updated at: 2025/07/17

Eaton to acquire Resilient Power Systems On July 16, Eaton announced it has signed an agreement to acquire Resilient Power Systems Inc., a leading North American developer and manufacturer of energy solutions, including solid-state transformer-based technology. The transaction is expected to close in the third quarter of 2025. “Resilient’s medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC...

News  Updated at: 2025/07/17

pany intends to upgrade the infrastructure of its global headquarters and promote operational efficiency and open innovation. The new plant will have two floors above ground with a site area of approximately 58,000 square meters and a total floor area of about 22,000 square meters. The company will acquire land in December 2025, and construction is scheduled to begin in July 2026. The construction of the new plant is part of H-ONE’s efforts to ...

News  Updated at: 2025/07/16

e its negotiations for sponsorship with a foreign company were broken off, in addition to slowing demand for electric vehicles (EVs) and competition with Chinese companies. JS Foundry was established in 2022 through a coalition between Mercuria Investment Co., Ltd. and Sangyo Sosei Advisory Inc. to acquire the business of U.S.-based On Semiconductor Corp., which had a semiconductor plant in Ojiya City, Niigata Prefecture. However, JS Foundry was ...

News  Updated at: 2025/07/16

Geely Auto and Zeekr signs merger agreement to strengthen global competitiveness On July 15, Geely Holding Group announced that its subsidiaries, Geely Automobile Holdings Limited (Geely Auto) and Zeekr Intelligent Technology Co., Ltd. (Zeekr), have entered into a merger agreement. As per the agreement, Geely Auto will acquire all remaining outstanding shares of Zeekr that it does not already own. Zeekr shareholders will have the option to recei...

News  Updated at: 2025/07/15

Gabriel India to form joint venture with South Korea’s Jinos, acquires 51% Stake in JAIPL On July 9, Gabriel India Limited announced that it will enter a joint venture with South Korea-based Jinos Co., Ltd. by subscribing to equity shares of Jinhap Automotive India Private Limited (JAIPL). Gabriel India will invest INR 268.3 million to acquire a 51% stake in JAIPL, making it a subsidiary of the company. The remaining 49% will be held by Jinos, ...

News  Updated at: 2025/07/09

Qt, Finland to acquire I.A.R. Systems Group, Sweden On July 4, Qt Group Plc's wholly owned subsidiary, The Qt Company Ltd, announced a recommended public cash offer to the shareholders of class B shares in I.A.R. Systems Group AB. The offer price is SEK 180 for each IAR Share, valuing IAR at approximately SEK 2,293 million or approximately EUR 204 million, based on outstanding Shares. Qt will fund the Offer with a combination of cash and debt. Es...

News  Updated at: 2025/07/07

South Korean company jointly set up LG Toray Hungary Battery Separator Kft. with Toray Industries, Inc. from Japan on a 50:50 basis. The JV produces secondary battery separator films and delivers them to the operational bases of LG Group companies in Europe and the U.S. LG Chem initially planned to acquire a 20% stake in the JV from Toray on December 16, 2024. However, the date was once changed to June 30, 2025. According to LG Chem, the plan was...

News  Updated at: 2025/07/07

Nippon Steel withdraws lawsuit against CFIUS Nippon Steel Corporation (Nippon Steel) announced on July 1 that it has withdrawn its lawsuit relating to its plan to acquire United States Steel Corporation (U.S. Steel) against former U.S. President Joe Biden, and the Committee on Foreign Investment in the United States (CFIUS). Since former President Biden had issued an order to block the purchase, Nippon Steel filed a lawsuit to the U.S. Court of A...

News  Updated at: 2025/07/02

ial capacity for advanced manufacturing activities in conjunction with its main plant in nearby Casa Grande, as well as developing product innovations and testing components and systems, according to Adrian Price, Senior Vice President of Operations at Lucid. In April, Lucid reached an agreement to acquire facilities and assets in Arizona previously belonging to Nikola Corporation, including sites in Phoenix and Coolidge. These buildings collecti...

News  Updated at: 2025/06/26

Brose Sitech to acquire German foam manufacturer Proseat Brose Fahrzeugteile SE & Co. KG (Brose)’s joint venture Brose Sitech has signed a share purchase agreement to acquire Proseat, a German foam manufacturer headquartered in Mörfelden. The transaction is subject to antitrust merger approval by the EU Commission as well as other closing conditions, with completion expected by August 2025. The Proseat Group employs over 1,300 people across 6 ...

News  Updated at: 2025/06/25

Haoxin, China to acquire controlling interest in Officine Vica, Italy On June 20, Officine Vica SPA entered into an investment agreement with Haoxin Group under which Haoxin will acquire a controlling interest in Officine Vica SPA through the subscription of a capital increase. This strategic partnership is expected to enhance the company's capabilities and support new opportunities for sustainable growth and product innovation. Officine Vica SPA...

News  Updated at: 2025/06/23

Samvardhana Motherson, India to acquire remaining 25% stake in Turkish JVs for EUR 3.2 million On June 19, Samvardhana Motherson International Limited (SAMIL) announced that its board of directors has approved the acquisition of the remaining 25% stake in two Turkey-based entities — SMR Plast Met Molds and Tools Turkey Kalip Imalat Anonim Şirketi and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Şirketi — by SMR Automotive Mirro...

News  Updated at: 2025/06/23

South Korea’s Korea Zinc to acquire 5% shares in TMC in Canada Several South Korean media sources reported that South Korea’s Korea Zinc Co., Ltd. will acquire 5% of the shares in The Metals Company (TMC), a Canadian mineral resource developer, for USD 85 million (JPY 12.29 billion). With this investment, the company aims to stably procure manganese ore that TMC is preparing to mine. Korea Zinc will strengthen this business partnership by, fo...

News  Updated at: 2025/06/20

Sanoh Industrial to make Winkelmann Powertrain Mexico a subsidiary Sanoh Industrial Co., Ltd. (Sanoh Industrial) announced that it will acquire all the shares of Winkelmann Powertrain México S. de R.L. (WPM), an automotive components manufacturer in Mexico. WPM was established in 2017 in Mexico and has been supplying automotive components for the North American sales market. Internal combustion engine (ICE) vehicles including hybrid vehicles (HV...

News  Updated at: 2025/06/20

Competition Commission of India approves Mahindra’s acquisition of SML Isuzu On June 17, the Competition Commission of India (CCI) approved the proposed acquisition of SML Isuzu Limited by Mahindra & Mahindra Limited (M&M). As per M&M’s April 26, 2025, announcement, the company will acquire 43.96% of SML’s equity from Sumitomo Corporation and 15% from Isuzu Motors Limited, amounting to a total of 58.96%. Additionally, M&M will launch an ope...

News  Updated at: 2025/06/18

a “golden share” to the U.S. government that can activate a right of refusal regarding important managerial subjects. The two companies have completed the U.S. anti-trust agency’s review process. With the President’s approval, all official permissions required for the partnership have been acquired, and it is likely that Nippon Steel will be able to acquire U.S. Steel. (From an article in the Nikkan Jidosha Shimbun on June 16, 2025)...

News  Updated at: 2025/06/16

Allison to acquire Dana’s Off-Highway business for USD 2.7 billion On June 11, Allison Transmission Holdings Inc. announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately USD 2.7 billion.  The acquisition, now approved by both companies' Boards of Directors, aligns with Allison's strategic priorities to expand its ...

News  Updated at: 2025/06/13

PHINIA announces agreement to acquire Swedish Electromagnet Invest AB On June 10,  Auburn Hills, Michigan-based PHINIA Inc. a leader in premium fuel systems, electrical systems, and aftermarket solutions, announced it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Swedish Electromagnet Invest AB (SEM). SEM is a provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, ...

News  Updated at: 2025/06/11

South Korea’s Enchem to acquire Chinese battery material manufacturer Several South Korean media sources reported that Enchem Co. Ltd., a South Korean electrolytic solution manufacturer, is proceeding with the acquisition of 100% of the shares in a Chinese battery material manufacturer. This Chinese manufacturer’s largest shareholder is Contemporary Amperex Technology (CATL), a Chinese battery manufacturer, and it develops core materials and ...

News  Updated at: 2025/06/09