Michelin completes acquisition of Flexitallic to accelerate growth in polymer composite solutions Michelin announced the completion of its acquisition of Flexitallic, based in Houston, Texas, USA. Flexitallic operates across 17 facilities worldwide and produces a comprehensive range of composite gaskets, sheet products, and specialty filler materials. It employs approximately 1,200 people and generated around USD 220 million in sales in 2025. The...

News  Updated at: 2026/04/03

Hero MotoCorp, India picks up 36.67% in Euler Motors On April 1, Hero MotoCorp completed the acquisition of 268,219 Series E Cumulative Compulsorily Convertible Preference Shares in Euler Motors for INR 2.1 billion, part of a broader INR 2.75 billion additional investment approved in February 2026. Post acquisition, Hero MotoCorp holds 36.67% of Euler Motors on a fully diluted basis, up from its earlier associate-level stake. Euler Motors is a Be...

News  Updated at: 2026/04/02

Changan Auto licensed for testing of Level 4 Robotaxis On March 31, Chongqing Changan Automobile Co., Ltd. (Changan Auto) announced the recent acquisition of a Level 4 Robotaxi testing license. This makes Changan Auto an automaker fully qualified for actual testing of Level 4 autonomous driving in all scenarios. Changan Auto’s Level 4 Robotaxi features the Tianshu intelligent end-to-end large model. The iteration and optimization of Tianshu are...

News  Updated at: 2026/04/02

Bill to end environmental performance tax and provisional diesel tax rate enacted within fiscal 2025 An amended local tax bill, which includes the abolition of the environmental performance tax levied on the acquisition of automobiles and the provisional tax rate on diesel fuel at the end of fiscal year 2025, was passed and enacted at the House of Councilors plenary session on March 31. As a result, the environmental performance tax and the provi...

News  Updated at: 2026/04/02

ess after German-based Infineon Technologies AG. As for power semiconductors, collaborations have been proceeding between Denso Corporation (Denso) and Fuji Electric Co., Ltd. (Fuji Electric), and between Rohm and Toshiba. In such a situation, on March 6, it was reported that Denso has proposed an acquisition to Rohm. Since Mitsubishi Electric announced that it will join Rohm and Toshiba, the focus will be on whether there will be two large “R...

News  Updated at: 2026/03/30

Neapco, US, completes acquisition of IFA Group, Germany On March 26, Neapco Holdings LLC announced the official close of its acquisition of IFA Group, uniting two driveline organizations with deep technical expertise and distinctive product portfolios. The acquisition will support the evolving needs of customers across Europe, North America, and Asia, with annual sales approaching USD 2 billion. The unified organization enhances Neapco’s abilit...

News  Updated at: 2026/03/27

Micron acquires PSMC’s facility in Tongluo, Taiwan for DRAM chips On March 15, Boise, Idaho-based Micron Technology announced it has completed the acquisition and assumed ownership of Powerchip Semiconductor Manufacturing Corporation’s (PSMC) P5 site in Tongluo, Miaoli County, Taiwan, under the acquisition agreement announced January 17, 2026. The new site will complement Micron’s existing operations in Taiwan nearby in Taichung.  The site...

News  Updated at: 2026/03/26

2% from its initial forecast to JPY 724 billion, while operating profit is expected to rise 5.4% to JPY 137 billion. The impact of additional tariffs in the United States was mitigated, and the weaker yen also contributed. The company had factored in the impact of rising raw material prices and the acquisition of shares in Niterra Materials, which became Niterra’s wholly owned subsidiary this fiscal year. However, its performance is expected to...

News  Updated at: 2026/03/25

rt from Apollo Global Management, Inc. (Apollo), a U.S.-based investment fund, and bank groups. Nippon Sheet Glass’ shares will be delisted by November 2026. Under the umbrella of the investment fund, the company aims to break away from lackluster performance resulting from a large-scale business acquisition in the past. Nippon Sheet Glass will receive an investment of about JPY 165 billion from Apollo through a third-party allotment of new sha...

News  Updated at: 2026/03/25

sioned gaining control of the European market in its core automotive glass business and creating global synergies. However, the aftermath of the Lehman Shock and sluggish European market conditions caused consolidated sales to fall short of the JPY 800 billion initially projected at the time of the acquisition. Since FY 2008, it has recorded net losses 10 times. As of the end of December 2025 (the April–December 2025 period), retained earnings ...

News  Updated at: 2026/03/24

EU clears acquisition of Aunde AS, Isringhausen Oto, and Aunde C&S by Aunde, Germany On March 19, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Aunde Teknik Tekstil Sanayi ve Ticaret Anonim Şirketi (‘Aunde AS'), Isringhausen Oto Yan Sanai (‘Isringhausen Oto'), both of Turkiye, and Aunde C&S GmbH by Aunde Group SE, both of Germany. The transaction relates primarily to the supply of textil...

News  Updated at: 2026/03/20

Zenobē expands North American EV fleet with Revolv acquisition On March 19, Zenobē announced it has acquired California-based Revolv to expand into North America’s commercial electric truck market. The deal adds 13 operating sites, over 100 electric trucks, and a development pipeline, strengthening Zenobē’s presence beyond its existing U.S. and Canadian school bus and transit projects. The acquisition combines Zenobē’s global electrific...

News  Updated at: 2026/03/20

Motherson, India completes 100% acquisition of Yutaka Autoparts India On March 16, 2026, Samvardhana Motherson International Limited completed the share purchase agreement to acquire 100% of Yutaka Autoparts India Private Limited (YAIPL), after fulfilling all conditions precedent. Following this closing, YAIPL has become a wholly owned subsidiary of the company, marking a key step in the wider transaction under which Motherson, via Motherson Glo...

News  Updated at: 2026/03/17

Lyten, USA signs agreement to acquire Revolt battery recycling facility in Sweden On March 13, Lyten announced that it has entered into a binding agreement to acquire Revolt, the former Northvolt recycling site in Skelleftea, Sweden, including licenses to key technology, following the closing of its acquisition of Northvolt Ett and Northvolt Labs on February 27, 2026. The financial terms of the agreement were not disclosed. Revolt is one of the l...

News  Updated at: 2026/03/16

shiba Corporation (Toshiba, Saiwai Ward, Kawasaki City) are considering integrating their power semiconductor businesses. Demand is expanding for electric vehicles (EVs) and data centers, and the move is seen as an effort to strengthen their competitiveness. Meanwhile, Denso Corporation (Denso)’s acquisition proposal for Rohm surfaced on March 6. Further restructuring is likely to occur in the future. In 2023, Rohm invested JPY 300 billion thro...

News  Updated at: 2026/03/16

Artifex Systems opens new engineering centre in Gothenburg, Sweden On March 9, Invest in Gothenburg announced that Artifex Systems has officially opened its new engineering centre at Lindholmen Innovation District in Gothenburg. The investment follows the company’s acquisition by Tata AutoComp, India. The new engineering centre has 16 employees. The Gothenburg team will play a key role in developing Artifex System’s next-generation interior c...

News  Updated at: 2026/03/13

Electreon, Israel, completes acquisition of InductEV, US, for wireless EV charging On March 10, Electreon closed the acquisition of InductEV Inc., the US-based provider of ultra-fast, high-power stationary wireless charging for heavy-duty transit and freight. By integrating InductEV's assets and intellectual property, Electreon now offers the industry's most comprehensive wireless portfolio, spanning passenger vehicles, light delivery vans, and h...

News  Updated at: 2026/03/12

India's Mothersun finalizes acquisition of Yutaka Giken, acquiring 80% of shares The Samvardhana Motherson Group (Motherson), a major Indian parts manufacturer, announced on March 11 that it had completed a tender offer (TOB) to acquire Yutaka Giken Co., Ltd. (Yutaka Giken), a Japanese parts manufacturer whose primary client is Honda Motor Co., Ltd. (Honda). Yutaka Giken's shares are scheduled to be delisted. Honda currently holds a 69.7% stake i...

News  Updated at: 2026/03/12

time and on budget.” Faricy will lead Slate’s commercial, digital, finance, HR, IT, and legal teams as the company works to convert 160,000 refundable reservations into firm orders. Faricy’s background at Amazon, especially in e-commerce and marketplace operations, denotes a focus on customer acquisition, unit economics, and direct sales. Prior to Amazon, Faricy worked at Ford Motor Company during the time when the company acquired the aili...

News  Updated at: 2026/03/11

at it intends to purchase a commercial plot measuring 5.07 kanals, valued at PKR 1.470 billion, in the Central Business District (CBD) of Lahore. It mentioned that its Chief Executive has been authorised to negotiate and finalise terms and complete all legal formalities related to the proposed land acquisition. Based on Sazgar Engineering Works Limited's stock exchange notification...

News  Updated at: 2026/03/10