PHINIA has entered into a definitive agreement to acquire 100% of the equity interests of the stoba Group, a global technology partner specialized in high-precision components, systems and customized manufacturing solutions.
The proposed transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions. It will be the company’s second acquisition in less than a year.
PHINIA, which was spun off from BorgWarner into its own operation in 2023, states stoba Group’s precision engineering and advanced manufacturing expertise is expected to complement PHINIA’s current portfolio and enhance the company’s ability to deliver high-precision components, systems and integrated solutions globally. PHINIA believes the acquisition also will strengthen supply continuity and resilience, while further expanding PHINIA’s capabilities in complex component manufacturing, advanced engineering and system integration.
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“The stoba Group is a well-established supplier within PHINIA’s ecosystem, and the acquisition marks an important step in enhancing PHINIA’s supply chain resilience and product portfolio,” says Brady Ericson, president and CEO of PHINIA. “The stoba Group brings to PHINIA high-precision engineering and advanced manufacturing expertise that will complement our strengths, expand our portfolio across a variety of applications and create lasting value for customers and shareholders.”
PHINIA adds the acquisition will broaden its presence across a variety of strategic sectors, including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
“We expect to fund the transaction through available liquidity, while maintaining financial flexibility to support our other strategic priorities,” adds Erickson. “We look forward to welcoming the talented stoba Group employees to the PHINIA community and building on our shared commitment to innovation, excellence, and customer success.”
