MiddleGround Capital has completed the acquisition of Pi Innovo from Dana Incorporated. Pi Innovo, known for its open platform electronic control systems and control software, will be integrated into New Eagle, a MiddleGround portfolio company specializing in proprietary hardware and software controls for the automotive, commercial vehicle, off-highway, aerospace, and defense industries. This move builds on MiddleGround's 2021 investment in New Eagle and aims to broaden the range of solutions for both internal combustion and electrified vehicle programs, particularly in the low- to medium-volume automotive segment. MiddleGround highlighted that the addition of Pi Innovo complements New Eagle's Raptor platform and supports efforts to deliver next-generation solutions across the mobility sector.

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