Category: Markets
Published: 2026-06-30T15:54:19.000Z
PHINIA Inc., an Auburn Hills-based supplier of automotive fuel and electrical systems, announced the acquisition of 100 percent of stoba Group, a German precision component manufacturer. The acquisition aims to enhance PHINIA's supply chain resilience, expand its product portfolio, and strengthen its capabilities in precision engineering and advanced manufacturing across various strategic sectors. The terms of the deal were not disclosed, and PHINIA plans to fund the transaction through available liquidity.
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