Business
PHINIA Announces Definitive Agreement to Acquire SEM
AUBURN HILLS, Mich., June 10, 2025--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 t
About this update from Phinia Inc.
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