PHINIA (PHIN) to Acquire SEM

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Go back to PHINIA (PHIN) to Acquire SEM

PHINIA Announces Definitive Agreement to Acquire SEM

June 10, 2025 8:00 AM EDT

AUBURN HILLS, Mich.--(BUSINESS WIRE)-- PHINIA Inc. (NYSE: PHIN), 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 position sensors primarily for the commercial vehicle, industrial, and off-highway markets.

Under the terms of the agreement, PHINIA will pay $47 million (452 million... More