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01.08.25 - 12:24
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PHINIA Completes Strategic Acquisition of SEM (Business Wire)
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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has completed the acquisition of Swedish Electromagnet Invest AB (publ) (“SEM”), a century-old provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors for on- and off-highway commercial vehicle and industrial markets, as well as of ignition and fuel injection solutions for the professional handheld equipment market.
With over 100 years of industrial heritage, SEM brings deep expertise in advanced ignition technologies for both on- and off-road commercial and industrial engines. This acquisition supports PHINIA's strategy to invest in alternative fuel technologies that offer enhanced sustainability and unlock new opportunities in key markets.
Brady Ericson, President and Chief Executive Officer of PHINIA, commented “We're genuinely excited about what lies ahead. This acquisition o...
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01.08.25 - 11:30
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Swedish Electromagnet Invest AB (publ) Confirms Completion of Divestment to PHINIA and Confirms the Early Redemption of Bond Loan (Cision)
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Procuritas and management shareholders have completed the divestment of Swedish Electromagnet Invest AB (publ) (“SEM”) to PHINIA Inc. (“PHINIA”) (NYSE:PHIN), a global leader in premium fuel systems, electrical systems, and aftermarket solutions, and SEM confirms the early redemption of its bond loan 2018/2026.
Swedish Electromagnet Invest AB (publ) (“SEM”) sent a conditional notice of early redemption (the “Redemption”) on 11 July 2025 to all holders of SEM's outstanding bond loan 2018/2026 with ISIN SE0011167600 (the “Bonds”). The Redemption was conditional upon Procuritas and...
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31.07.25 - 22:18
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PHINIA Board Declares Quarterly Dividend of $0.27 per Common Share (Business Wire)
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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.27 per common share, payable on September 12, 2025, to shareholders of record at the close of business on August 22, 2025.
About PHINIA
PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA.
Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light ...
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24.07.25 - 13:36
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PHINIA Reports Second Quarter 2025 Results (Business Wire)
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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the second quarter ended June 30, 2025.
Second Quarter Highlights:
On June 10, 2025, PHINIA entered into a definitive agreement to acquire Swedish Electromagnet Invest AB (SEM), a prominent provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors for approximately $47 million. The transaction is expected to close in the third quarter of 2025.
Net sales of $890 million, an increase of 2.5% compared with Q2 2024.
Excluding the impacts of foreign currency and contract manufacturing agreements that ended in 2024, an increase of $18 million and decrease of $5 million, respectively, net sales increased $9 million or 1.0%, driven by customer pricing, primarily related to tariff recoveries.
Net earnings of $46 million and net margin of 5.2%, representing a year-over-yea...
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11.07.25 - 14:42
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Swedish Electromagnet Invest AB (publ) exercises its right to make a conditional early redemption of its bonds (Cision)
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As announced by way of a press release dated 10 June 2025, Swedish Electromagnet Invest AB (publ) (“SEM”) intends to redeem its outstanding bond loan 2018/2026 with ISIN SE0011167600 (the “Bonds”) early in connection with the completion of Procuritas' and management shareholders' divestment of all shares in SEM to PHINIA Inc (the “Transaction”). The Transaction was subject to approval from the Inspectorate of Strategic Products, which is the relevant authority under the Swedish foreign direct investment (FDI) rules, and such approval has now been granted.
SEM has today sent a...
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24.06.25 - 22:06
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PHINIA Inc. to Report Q2 2025 Earnings (Business Wire)
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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket solutions will report second quarter 2025 earnings results on Thursday, July 24, 2025. PHINIA's earnings press release, earnings presentation and other materials will be available at the “Investors” section of PHINIA's website, PHINIA - Investor Relations.
PHINIA will host a webcast to review second quarter 2025 results and take questions from the investment community at 8:30 AM Eastern Time on Thursday, July 24, 2025. The webcast may be accessed at the “Investors” section of PHINIA's website under the heading “Events & Presentations.” A replay of the webcast will be available at the same location after the conclusion of the presentation. Event information can be found below.
Event Title: PHINIA Q2 2025 Earnings Call
Event Date: Thursday, July 24, 2025, at 8:30 AM ET
Webcast Information
https://registrations.events/direct/Q4I120779225
Conference ID 12077
Telec...
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