PHINIA Inc., a global leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced the successful completion of its acquisition of Swedish Electromagnet Invest AB (publ). SEM is a century-old specialist in advanced ignition systems for natural gas, hydrogen, and other alternative fuels, as well as in injector stators and linear position sensors for on- and off-highway commercial vehicle and industrial markets. The company also provides ignition and fuel injection solutions for the professional handheld equipment segment.
With more than 100 years of industrial legacy, SEM brings deep domain expertise in advanced ignition technologies for both on-road and off-road applications. The acquisition aligns with PHINIA’s long-term strategy to invest in future-forward technologies that support the transition to alternative fuels and advance sustainability goals across global markets.
Brady Ericson, President and Chief Executive Officer of PHINIA, stated:
“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. We see tremendous potential to scale our combined offerings across a global customer base, integrate our electronics and systems capabilities, and deliver even greater value for our customers and shareholders.”
PHINIA is an independent, market-leading provider of premium components and solutions with a century-long manufacturing legacy and a strong brand portfolio that includes DELPHI®, DELCO REMY®, and HARTRIDGE™. Headquartered in Auburn Hills, Michigan, USA, the company operates across 43 locations in 20 countries with a workforce of over 12,500 employees.
Serving a broad spectrum of industries—including commercial vehicles (medium- and heavy-duty trucks, buses, construction, marine, agriculture, aerospace, and defence), light commercial vehicles (vans and trucks), and light passenger vehicles (cars, crossovers, SUVs, and minivans)—PHINIA develops fuel and electrical systems as well as aftermarket solutions that enhance engine performance and longevity. Simultaneously, the company is investing in advanced technologies to unlock the potential of alternative fuels.
By addressing today’s market needs for efficiency and sustainability, while innovating for a low-carbon future, PHINIA positions itself as the partner of choice in the global movement toward cleaner mobility.
