Stoneridge

Minda Corporation, part of Spark Minda Group, bought back Stoneridge's stake in their joint venture, taking full control of the automotive instrument cluster and sensors business. The company also announced a $100 million investment plan over three years.

Standard Motor Products, Inc. acquired certain assets and liabilities of the particulate matter sensor business of Stoneridge, Inc. The business has manufacturing lines in Lexington, OH, and Tallin, Estonia, and generates approximately $12-14 million in annual revenue. SMP will relocate all production to existing SMP locations.

Standard Motor Products acquired certain assets and liabilities of the Pollak business of Stoneridge Inc. for approximately $40 million. The business distributes engine management products including sensors, switches and connectors.

Stoneridge, already holding 74% of PST Electronics, announced an agreement to buy the remaining 26% shares, taking full control of the Brazilian company. The transaction value was not disclosed.

Stoneridge, Inc. acquired Orlaco Products BV, a supplier of vehicle camera solutions, for €75 million on a debt-free, cash-free basis, with additional contingent consideration of up to €7.5 million.