Acquiring Company
Phinia
Acquired Company
Swedish Electromagnet Invest AB
Auburn Hills
ÅmålOil And GasFinancial ServicesFinanceFintechManufacturingEnergyOil And GasDescription
PHINIA Inc. has completed the acquisition of SEM, a provider of advanced ignition systems. This strategic acquisition aims to enhance PHINIA's portfolio in alternative fuel technologies. The merger combines PHINIA's manufacturing expertise with SEM's ignition technology knowledge. This collaboration is expected to create innovative solutions for the commercial vehicle and industrial markets.
Quick answer
Phinia is acquiring Swedish Electromagnet Invest AB, announced August 1, 2025. Phinia is based in Auburn Hills, Michigan, United States.
- How much did Phinia pay for Swedish Electromagnet Invest AB?
- The deal value was not disclosed.
- What does Phinia do?
- Phinia is a company listed on the NYSE that specializes in automotive technologies.
- Where are Phinia and Swedish Electromagnet Invest AB based?
- Phinia is based in Auburn Hills, Michigan, United States. Swedish Electromagnet Invest AB is based in Åmål, Västra Götaland County, Sweden.
- Who are the decision-makers at Phinia?
- Fundz holds 5 contacts at Phinia. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Phinia, and when
When Phinia changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Phinia raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Phinia, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Swedish Electromagnet Invest AB?
Swedish Electromagnet Invest AB was acquired by Phinia, based in Auburn Hills. The deal was reported on August 1, 2025. Phinia is a company listed on the NYSE that specializes in automotive technologies. It focuses on providing solutions for fuel systems and aftermarket segments. Phinia is publicly traded (PHIN) and operates in Oil And Gas.
When did Phinia acquire Swedish Electromagnet Invest AB?
Phinia's acquisition of Swedish Electromagnet Invest AB was reported on August 1, 2025. PHINIA Inc. has completed the acquisition of SEM, a provider of advanced ignition systems. This strategic acquisition aims to enhance PHINIA's portfolio in alternative fuel technologies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Swedish Electromagnet Invest AB do?
Founded in 1915, SEM specializes in advanced ignition solutions, including natural gas and hydrogen systems. Their products are primarily used in commercial vehicles and industrial applications. It is privately held, operating in Manufacturing, and is based in Åmål.
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