Geely Auto to fully acquire Radar Auto, its operations outside of China On May 15, Geely Automobile Holdings Ltd. (Geely Auto) announced on the Hong Kong Exchanges and Clearing Limited (HKEX) two upcoming acquisition transactions. -          Zhejiang Jirun Automobile Co., Ltd. (Zhejiang Jirun) and Zhejiang Geely Holding Group Automobile Sales Co., Ltd. (Geely Sales) will acquire the entire equity interests in Radar Automobile (Shandong) ...

News  Updated at: 2026/05/21

g business for automotive exterior resin parts, such as back doors and bumpers, from Resonac Holdings Corporation (Resonac HD). Moriroku acquired the automotive resin parts business previously operated by Resonac Corporation, a subsidiary of Resonac HD, in Japan and Thailand, effective April 1. The acquisition price was JPY 17.2 billion. Moriroku's consolidated financial results for the fiscal year ended March 2026 (Japanese standards) showed net...

News  Updated at: 2026/05/20

VECV, India raises stake in telematics JV VE connected solutions to 74% On May 18, VE Commercial Vehicles Limited (VECV), a material unlisted subsidiary of Eicher Motors Limited, approved the acquisition of an additional 23% stake in VE Connected Solutions Private Limited (VECS), formerly known as Aquila Mobility Solutions Private Limited, from joint venture partner iTriangle Infotech Private Limited. The acquisition involves a total consideratio...

News  Updated at: 2026/05/19

eptember). Its board also approved a further equity investment of up to INR 200 million in Uno Minda EV Systems Private Limited (UMEVS), its wholly owned subsidiary engaged in manufacturing EV-specific components and systems for electric two- and three-wheelers. Further, its board also approved the acquisition of the remaining 19% equity stake in Minda Onkyo India Private Limited (MOIPL), a speaker and speaker systems manufacturer, at a revised c...

News  Updated at: 2026/05/18

CMD, Italy, announces acquisition proposal from EDGE Group, UAE On May 14, Costruzioni Motori Diesel S.p.A. (CMD) announced that it has received an acquisition proposal from EDGE Group, a company founded in 2019 and based in the United Arab Emirates (UAE). The proposal provides for the acquisition of a controlling interest. CMD also signed the preliminary settlement agreement. The agreement will increase capital investment in CMD, give access to ...

News  Updated at: 2026/05/15

Craftsman Automation, India updates about Sriperumbudur plant and aluminum business consolidation On May 8, 2026, in an investor update, Craftsman Automation disclosed that the DR Axion greenfield plant at Sriperumbudur, Tamil Nadu, is under construction and is targeted for commissioning by December 2026, with land acquisition alone costing approximately 50 acres at ~INR 1.5 billion. The site will serve as both DR Axion's expansion base and a sha...

News  Updated at: 2026/05/14

fer will be succeeded to a new company to be established by PID through an absorption-type split, and MinebeaMitsumi will then acquire the shares of the new company. For overseas locations, the MinebeaMitsumi group companies will acquire the business through business transfers or other methods. The acquisition price is undisclosed. The business transfer date is scheduled for November 2, 2026. MinebeaMitsumi positions the motor business as the thi...

News  Updated at: 2026/05/14

its Steel Europe segment. Preparations are continuing for the agreed sale of its stake in Huttenwerke Krupp Mannesmann (HKM) to Salzgitter AG, with completion of the transaction planned for June 1, 2026. The company has also paused discussions with Jindal Steel International on a potential stake acquisition in thyssenkrupp Steel Europe. A stand-alone solution for thyssenkrupp Steel Europe remains the stated goal. (From a press release dated Ma...

News  Updated at: 2026/05/13

SPR Auto Technologies, India invests INR 20 billion in capacity expansion, completes three Indian entities of the Antolin group acquisition On May 11, SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced that it has invested approximately INR 20 billion in capacity expansion across various businesses during the year FY 2026 (ending March), in addition to the investment made for its diversification into the automotive...

News  Updated at: 2026/05/12

Renesas completes acquisition of Greece-based Irida Labs On May 7, Renesas Electronics Corporation announced that a subsidiary of Renesas has completed the acquisition of Irida Labs, a Greece-based company specializing in embedded software for AI-powered visual perception systems. The acquisition strengthens to expand vision AI software capabilities and accelerates system-level vision solutions. Vision AI software plays a critical role in interpr...

News  Updated at: 2026/05/11

NRB Bearings, India approves INR 400 million land acquisition for capacity expansion On May 8, 2026, NRB Bearings Limited announced the approval of a land parcel acquisition of up to INR 400 million to support capacity expansion. The land acquisition is part of a broader capacity addition plan expected to add 17–25% higher volumes across various product families, depending on product mix, starting from FY 2027 (April-March). The expansion is dr...

News  Updated at: 2026/05/08

ables evaluations at up to two seating positions and reproduces realistic vibration behavior, allowing engineering teams to better understand vehicle dynamics and comfort perception early in the development process. The simulator integrates advanced measurement technology, enabling the simultaneous acquisition of test bench data and simulator inputs.  It supports a wide range of excitation sources, including both simulation-based models and real...

News  Updated at: 2026/05/07

KPIT Technologies, India acquires stake in Israeli automotive cybersecurity firm Cymotive On May 6, KPIT Technologies announced the acquisition of a stake in Cymotive Technologies Ltd., an automotive cybersecurity firm headquartered in Tel Aviv, Israel, co-founded by senior Israeli cybersecurity leaders and CARIAD, the Volkswagen Group's automotive software company. The deal is structured in tranches: an initial USD10 million preference capital ...

News  Updated at: 2026/05/06

Netradyne acquires Moove Connected Mobility to expand in Europe On May 5, San Diego, California-based Netradyne announced the acquisition of Moove Connected Mobility, a leading European fleet intelligence and connected mobility company that operates across major European markets. This acquisition represents Netradyne’s commitment to Europe as a core strategic region by combining Netradyne’s AI-driven edge intelligence platform with Moove’s ...

News  Updated at: 2026/05/06

European Commission clears acquisition of Astemo by Honda On April 30, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Astemo, Ltd. by Honda Motor Co., Ltd. (‘Honda'), both of Japan. The transaction relates primarily to automotive and transportation components, as well as industrial machinery and systems. The Commission concluded that the notified transaction would not raise competition conce...

News  Updated at: 2026/05/01

Bharat Forge, India acquires 30% Stake in Nashik-Based Fortuna Engineering On April 30, 2026, Bharat Forge Limited (BFL) announced the acquisition of a 30% stake in Fortuna Engineering Private Limited (FEPL), a Nashik-based precision-machined engine components manufacturer, for INR 1.296 billion. The transaction is structured in tranches, with BFL retaining an option to acquire an additional 20%+1 stake, aggregating up to 50%+1. Established in 19...

News  Updated at: 2026/05/01

TTTech Auto, Austria, rebrands as TrustMotion On April 30, TTTech Auto announced that it will be operating under the new name, TrustMotion. This step follows its acquisition by NXP Semiconductors. Remaining as a neutral supplier, it will work to accelerate software-defined vehicle (SDV) development by simplifying software and hardware integration for smart, safe, and secure mobility.  TrustMotion continues to support OEMs, Tier-1s, chip manufact...

News  Updated at: 2026/04/30

Tachi-S to acquire automotive seat and interior businesses of Toyo Seat and Nanjo Auto Interior Tachi-S Co., Ltd. (Tachi-S) announced that it will acquire the automotive seat and interior businesses of TOYO H&I Co., Ltd. (TOYO H&I). TOYO H&I will establish a new company to which the businesses will be transferred, and Tachi-S will acquire the shares of the newly established company. This acquisition is a part of the mid-term management plan of Ta...

News  Updated at: 2026/04/30

rs other than power semiconductors. Therefore, their power semiconductor businesses would be spun off and integrated with Mitsubishi Electric’s power semiconductor business. The arrangement is expected to take the form of a joint venture. On the same day, Denso announced that it had withdrawn its acquisition offer for Rohm, but Uruma stated, “I am not in a position to comment.” Regarding the possibility of Denso joining the three-company al...

News  Updated at: 2026/04/30

Samvardhana Motherson, India approves two acquisitions to consolidate Vacuform (South Africa) and Nissin India On April 27, Samvardhana Motherson International Limited (SAMIL), announced that its board of directors approved two acquisitions. First, through its 100% step-down subsidiary MSSL Global RSA Module Engineering Limited (MSSL RSA), SAMIL will acquire the remaining 49% equity stake in Vacuform 2000 Proprietary Limited, a South Africa-based...

News  Updated at: 2026/04/29