PHINIA Expands into Alternative Fuel Technologies with Acquisition of SEM

PHINIA, a leader in premium fuel systems and electrical systems, has completed the acquisition of Swedish Electromagnet Invest AB (publ) (SEM), a provider of advanced ignition systems for commercial vehicles and industrial markets. The acquisition supports PHINIA's strategy to invest in alternative fuel technologies and unlock new opportunities in key markets. With over 100 years of industrial heritage, SEM brings deep expertise in advanced ignition technologies for both on- and off-road commercial and industrial engines.

AUBURN HILLS, Mich.--PHINIA Inc. (NYSE: PHIN), a leading provider of premium fuel systems and electrical systems, has completed the acquisition of Swedish Electromagnet Invest AB (publ) (SEM). This strategic move supports PHINIA's ongoing commitment to investing in alternative fuel technologies and expanding its market reach [1].

SEM, with over a century of industrial heritage, specializes in advanced ignition systems, injector stators, and linear position sensors for commercial vehicles and industrial markets. The acquisition brings deep expertise in ignition technologies for both on- and off-road engines, complementing PHINIA's existing portfolio [1].

Brady Ericson, President and CEO of PHINIA, expressed excitement about the acquisition, stating, "We're genuinely excited about what lies ahead. This acquisition opens new possibilities through the strategic expansion of our portfolio. By combining PHINIA’s expertise in engine management systems with SEM’s deep knowledge of advanced ignition technologies, we expect to create a powerful platform for innovation and efficiency. Together, we’ll unlock new opportunities in the commercial vehicle and industrial markets" [1].

PHINIA, with over 12,500 employees across 43 locations in 20 countries, is headquartered in Auburn Hills, Michigan, USA. The company develops fuel systems, electrical systems, and aftermarket solutions designed to keep combustion engines operating at peak performance while investing in advanced technologies for alternative fuels [1].

The acquisition aligns with PHINIA's goal to provide sustainable and efficient solutions, contributing to lower carbon mobility. The combined capabilities of PHINIA and SEM are expected to deliver enhanced value to customers and shareholders [1].

References:
[1] https://www.businesswire.com/news/home/20250801472482/en/PHINIA-Completes-Strategic-Acquisition-of-SEM