CarUX, a subsidiary of Innolux Corporation, is set to acquire Pioneer for $1.1bn

From Yahoo Finance: 2025-06-30 06:50:00

EQT has agreed to sell Pioneer Corporation to CarUX, a subsidiary of Innolux Corporation, for $1.1bn. Pioneer, a Japanese firm founded in 1938, specializes in automotive technology, offering navigation and audio systems for OEMs and the aftermarket. The sale marks a significant milestone in Pioneer’s evolution post-EQT’s 2019 investment.

The transaction is expected to close in Q4 pending customary approvals. Deutsche Securities led the financial advisory for the deal, with BofA Securities providing additional financial services. Legal counsel was offered by Morrison Foerster, White & Case, and Nagashima Ohno & Tsunematsu on behalf of EQT.

Pioneer reported strong financials for the fiscal year ending in March, with double-digit EBITDA margins and robust cash flow. EQT’s strategic initiatives, including governance strengthening and cost discipline, contributed to profitability. Pioneer has refocused on automotive sound expertise, introducing new technologies and winning projects globally.

In addition to its core automotive business, Pioneer has diversified into Mobility Services, offering software-led navigation and AI-based dash cams. CEO Shiro Yahara praised EQT for driving transformation and innovation at Pioneer. The acquisition by CarUX represents a new phase of growth for the company, building on the foundation laid by EQT.



Read more at Yahoo Finance: CarUX to buy Pioneer for $1.1bn