Phinia has acquired SEM for $47m, boosting its alternative fuel technology portfolio. The deal is expected to bring in $50m in annual revenue and $10m in annual EBITDA. Phinia will integrate SEM’s advanced ignition technologies for commercial and industrial engines, expanding its product offerings and market reach.

In Q2 2025, Phinia reported a 2.5% increase in net sales to $890m and EPS of $1.27 per share. The company ended the quarter with $347m in cash and $499m in available credit capacity. Adjusted free cash flow declined to $20m due to higher working capital demands and timing of capital spending.

Phinia updated its financial outlook for the year, expecting net sales to range between $3.33bn and $3.43bn. The company remains optimistic about future growth opportunities following the acquisition of SEM and is focused on innovation and efficiency in the fuel systems market.

Read more at Yahoo Finance: Phinia acquires Swedish Electromagnet Invest for $47m