PHINIA To Acquire SEM

PHINIA To Acquire SEM

AUBURN HILLS, Mich.–(BUSINESS WIRE)–PHINIA, a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced it has entered into a definitive agreement for PHINIA to acquire all of the issued and outstanding shares of Swedish Electromagnet Invest AB (publ) (“SEM”). Founded in 1915, SEM is a prominent provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear…

PHINIA in Auburn Hills to Acquire Swedish Alternative Fuel Company for $47M - DBusiness Magazine

Auburn Hills-based PHINIA Inc. is set to acquire Swedish Electromagnet Invest AB, a provider of advanced natural gas, hydrogen, and other alternative fuel ignition systems, for $47 million. // Stock photo PHINIA Inc. in Auburn Hills, a premium fuel systems, electrical systems, and aftermarket solutions provider, today announced it has agreed to acquire all of the issued and outstanding shares of Swedish Electromagnet Invest AB (SEM) for $47 mill…