# 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.

- Type: Acquisition
- Announced: 2025-06-10
- Where: United States
- Value: $47.0M
- Status: announced
- Products: natural gas ignition systems, hydrogen ignition systems, injector stators, linear position sensors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [PHINIA](https://endata.com/companies/18653.md) (acquirer)
- [Swedish Electromagnet Invest AB](https://endata.com/companies/85252.md) (target)

## Sources

- [phinia.com](https://www.phinia.com/newsroom---events/newsroom/news/2025/06/10/phinia-announces-definitive-agreement-to-acquire-sem), 2025-06-10: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.