Phinia Inc. Completes Acquisition of Swedish Electromagnet Invest AB, Expanding Portfolio in Alternative Fuel Technologies
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Phinia Inc. has completed the acquisition of Swedish Electromagnet Invest AB, enhancing its portfolio in alternative fuel technologies. This strategic move integrates SEM’s advanced ignition technologies with Phinia’s engine management systems, creating opportunities in commercial vehicle and industrial markets. The acquisition supports Phinia’s investment strategy in alternative fuels, promoting sustainability and expanding market reach. The news was published via Business Wire on August 01, 2025.
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