Phinia Inc. Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions

Reuters

06-10

Phinia Inc. Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions

PHINIA Inc., a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a definitive agreement to acquire Swedish Electromagnet Invest AB $(SEM)$. The acquisition, valued at $47 million, is expected to close in the third quarter of 2025. SEM, founded in 1915, specializes in advanced natural gas, hydrogen, and alternative fuel ignition systems. The deal is set to enhance PHINIA's product portfolio by integrating SEM's ignition solutions with its own fuel system components, electronics, and software capabilities. This strategic move aligns with PHINIA's commitment to sustainability and positions the company as a key player in the transition towards alternative fuel technologies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phinia Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250610544742) on June 10, 2025, and is solely responsible for the information contained therein.

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Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Phinia Inc. Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        PHINIA Inc., a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a definitive agreement to acquire Swedish Electromagnet Invest AB <a href=\"https://laohu8.com/S/SEM\">$(SEM)$</a>. The acquisition, valued at $47 million, is expected to close in the third quarter of 2025. SEM, founded in 1915, specializes in advanced natural gas, hydrogen, and alternative fuel ignition systems. The deal is set to enhance PHINIA's product portfolio by integrating SEM's ignition solutions with its own fuel system components, electronics, and software capabilities. This strategic move aligns with PHINIA's commitment to sustainability and positions the company as a key player in the transition towards alternative fuel technologies.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phinia Inc. published the original content used to generate this news brief via Business Wire (Ref. 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Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-10 20:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Phinia Inc. Announces Acquisition of Swedish Electromagnet Invest AB to Expand Alternative Fuel Solutions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        PHINIA Inc., a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a definitive agreement to acquire Swedish Electromagnet Invest AB <a href=\"https://laohu8.com/S/SEM\">$(SEM)$</a>. The acquisition, valued at $47 million, is expected to close in the third quarter of 2025. SEM, founded in 1915, specializes in advanced natural gas, hydrogen, and alternative fuel ignition systems. The deal is set to enhance PHINIA's product portfolio by integrating SEM's ignition solutions with its own fuel system components, electronics, and software capabilities. 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ID: 20250610544742) on June 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250610:nNDL94ZrXg:1","article_id":"2542131111","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542131111","pubTimestamp":1749556973,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"PHINIA Inc., a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a definitive agreement to acquire Swedish Electromagnet Invest AB . 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