Visteon Completes Acquisition of AllGo Systems

Visteon Corporation has announced the completion of its acquisition of AllGo Embedded Systems Pvt. Ltd., an India-based leading supplier of embedded multimedia and smartphone connectivity software solutions to the global automotive industry. The two companies initially announced plans for the transaction on Jan.12. The business acquired from AllGo supports Visteon’s global vehicle cockpit electronics business and enables […]

Dexter Axle Completes Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.

The Sterling Group, a middle market private equity firm, has announced that its portfolio company, Dexter Axle, completed the acquisition of AL-KO VT. The combined companies have been renamed DexKo Global Inc. The acquisition and the formation of DexKo Global Inc. creates the global leader in trailer axle and chassis supply with sales approaching nearly […]

Intel Completes Acquisition of Altera

Intel Corporation (“Intel”) has recently announced that it has completed the acquisition of Altera Corporation (“Altera”), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel’s leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments. “Altera is now part of […]

BorgWarner completes acquisition of Remy International

Global powertrain supplier BorgWarner has finalized its acquisition of Remy International, Inc. (Remy). A leading manufacturer of rotating electrical components such as alternators, starter motors and electric traction motors for the automotive and commercial vehicle industry, Remy operates in ten countries on five continents. “With this acquisition, the complementary combination of technologies and global operations […]

Audi, BMW and Daimler agree with Nokia on Joint Acquisition of HERE Digital Mapping Business

Audi AG, the BMW Group and Daimler AG have agreed with Nokia Corporation that they will acquire its mapping and location services business HERE. The acquisition is intended to secure the long term availability of HERE’s products and services as an open, independent and value creating platform for cloud-based maps and other mobility services accessible […]

Continental closes acquisition of Elektrobit Automotive

Purchase expands Continental’s software and systems expertise Approximately 1,900 outstanding software professionals strengthen development team The Continental Corporation has closed its acquisition of Elektrobit Automotive Group , formerly wholly owned by Finnish Elektrobit Corporation, Helsinki. The shareholders of Elektrobit Corporation approved the acquisition on June 11 and the relevant antitrust waiting periods expired at the end of […]

Continental expands Powertrain portfolio with the acquisition of Emitec

In 2014, Continental announced the 100% ownership of the joint venture with Emitec Emission Control Technologies. Emitec, founded in 1986 and based in Lohmar, Germany was formerly a 50/50 joint venture between Continental and GKN. With this acquisition, Emitec has been integrated into Continental’s Powertrain Division, merging with Business Unit Fuel Supply (FS) to form […]

ZF Completes Acquisition of TRW Automotive

ZF Friedrichshafen AG, a global leader in driveline and chassis technology, and TRW Automotive Holdings Corp. (NYSE: TRW) announced today that the companies have completed the transaction under which ZF has successfully acquired TRW. TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company operates under […]