PHINIA Completes Strategic Acquisition of the stoba Group
Key Highlights
- ➤PHINIA (PHIN) completes acquisition of 100% of stoba Group equity interests
- ➤Acquisition expands PHINIA (PHIN) into off-highway, industrial, semiconductor, aerospace and defense sectors
- ➤Acquisition adds an aerospace and defense-certified facility to PHINIA’s portfolio
- ➤Acquisition strengthens PHINIA’s semiconductor position through high-performance equipment components
Expert Statements
Brady Ericson, President and Chief Executive Officer of PHINIA
“We expect the integration to broaden our presence in off-highway, industrial and other end markets, while driving profitable growth through supply chain resilience, integrated capabilities, and cost efficiencies.”
Brady Ericson, President and Chief Executive Officer of PHINIA
“The acquisition will also add an additional aerospace and defense-certified facility to our portfolio and strengthen our position in the global semiconductor industry through high-performance equipment components, creating additional opportunities for growth and diversification.”
Brady Ericson, President and Chief Executive Officer of PHINIA
“The stoba Group’s high-precision engineering and advanced manufacturing expertise further enhances our capabilities and supports long-term value creation for our customers and shareholders.”
PHINIA Inc. (NYSE: PHIN), a diversified industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, has completed the acquisition of 100% of the equity interests of the stoba Group, a global technology partner specialized in high-precision components, systems, and customized manufacturing solutions.
With the acquisition complete, PHINIA expands its footprint across a range of strategic sectors, including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
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