PHINIA acquires SEM for $47 million

PHINIA Inc. has entered a definitive agreement to acquire all shares of Swedish Electromagnet Invest AB (SEM) for $47 million (452 million Swedish krona). The acquisition is expected to close in Q3 2025.

“SEM's product portfolio complements PHINIA's business by adding over a century of industrial experience and expertise in advanced ignition solutions for on- and off-road commercial and industrial engines.”phinia.com

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• phinia.comPHINIA announces definitive agreement to acquire SEMUser Not FoundJun 10, 2025

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