PHINIA Successfully Finalizes Strategic Purchase of SEM
In a strategic move to bolster its portfolio in alternative fuel technologies, PHINIA Inc., a global leader in premium fuel systems, electrical systems, and aftermarket solutions, has completed the acquisition of Swedish Electromagnet Invest AB (SEM) in August 2025.
The acquisition, valued at approximately $47 million, was announced in June and closed by August 1. SEM, a century-old provider of advanced natural gas, hydrogen, and other alternative fuel ignition systems, offers injector stators and linear position sensors for on- and off-highway commercial vehicle and industrial markets.
The integration of SEM's advanced ignition technology with PHINIA's engine management systems is expected to enable innovation and efficiency gains. This merger is anticipated to unlock new commercial and industrial market opportunities, particularly in commercial vehicle and industrial applications, and scale global offerings by combining electronics and systems capabilities.
PHINIA, with a long-standing heritage and a strong brand portfolio including DELPHI®, DELCO REMY®, and HARTRIDGE®, serves sectors like heavy and medium-duty trucks, off-highway construction, marine, aviation, agriculture, and light vehicles. The company emphasizes sustainability by investing in alternative fuels such as hydrogen, ethanol, and methanol to advance carbon-neutral mobility.
The acquisition reinforces PHINIA's market position, expanding its technology base in alternative fuel systems and ignition technologies, supporting a cleaner fuel transition, and offering growth potential through broadened product offerings and innovation platforms across global markets.
For media inquiries, please contact Kevin Price, Global Brand & Communications Director, at [email protected] or 44 (0) 7795 463871. For investor relations, Kellen Ferris, Vice President of Investor Relations, can be reached at [email protected] or 1 947-262-5256.
It is important to note that forward-looking statements are subject to risks, uncertainties, and factors that could cause actual results to differ materially from the expectations expressed. These risks include adverse changes in general business and economic conditions, competition, pricing pressures, inflation, changes in U.S. and foreign administrative policy, supply chain disruptions, work stoppages, governmental investigations, environmental, health, and safety regulations, compliance with laws and regulations, liabilities related to product warranties, litigation, tax audits, impairment charges, and risks relating to the spin-off from the company's former parent.
PHINIA Inc. aims to keep combustion engines operating at peak performance while investing in advanced technologies for alternative fuels. The company is headquartered in Auburn Hills, Michigan, USA, and has over 12,500 employees across 43 locations in 20 countries.
- The integration of SEM's advanced ignition technology with PHINIA's engine management systems is expected to enhance security by ensuring optimal performance and compliance with environmental regulations.
- The acquisition has strengthened PHINIA's cloud infrastructure, enabling the company to innovate and scale global offerings in alternative fuel technologies more efficiently.
- News of the acquisition has highlighted PHINIA's focus on technology, with the integration of SEM's advanced ignition technology expected to boost performance in commercial and industrial applications while supporting a cleaner fuel transition.
