PHINIA Completes Strategic Acquisition of the stoba Group
PHINIA has completed its acquisition of 100% of the equity interests of the stoba Group, a specialist in high-precision components and customized manufacturing solutions. The deal expands PHINIA's footprint into passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense, adding an aerospace and defense-certified facility. CEO Brady Ericson said the integration should drive profitable growth through supply chain resilience, integrated capabilities, and cost efficiencies.
Key figures
- Deal structure
- 100% of equity interests acquired
- Deal value disclosed
- No
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