PHINIA Finalizes Acquisition of SEM

PHINIA has officially completed its acquisition of Swedish Electromagnet Invest AB (SEM), a century-old leader in advanced ignition systems. SEM serves both on- and off-highway commercial and industrial sectors, while also providing ignition and fuel injection solutions for the handheld equipment market.

Strengthening PHINIA’s Alternative Fuel Vision

With over 100 years of industrial heritage, SEM brings exceptional expertise in advanced ignition technologies that power engines across a wide range of commercial and industrial applications. This acquisition aligns with PHINIA’s strategy to invest in alternative fuel technologies, enhance sustainability, and explore new opportunities in global markets.

Driving Innovation Through Combined Expertise

“We’re truly excited about the future,” said Brady Ericson, president and CEO of PHINIA. “This acquisition strategically expands our portfolio and creates new avenues for growth. By merging PHINIA’s strengths in engine management systems with SEM’s advanced ignition technology expertise, we are building a powerful platform for innovation and efficiency. Together, we can scale our offerings globally, integrate electronics and systems capabilities, and deliver greater value to both customers and shareholders.”

A Future Powered by Sustainable Technology

With the addition of SEM’s century-long innovation legacy, PHINIA is positioned to advance its role in delivering sustainable, high-performance solutions for the commercial vehicle and industrial markets. This partnership paves the way for new product developments and broader global reach.