Add-on Acquisition • Manufacturing

Phinia Acquires SEM

On June 10, 2025, Phinia acquired manufacturer SEM from Procuritas Capital

Acquisition Context
  • This is Phinia’s 1st transaction in the Manufacturing sector.
  • This is Phinia’s 1st transaction in Sweden.

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M&A Deal Summary

Date June 10, 2025
Target SEM
Sector Manufacturing
Buyer(s) Phinia
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target Company

SEM

Amal, Sweden
SEM is a manufacturer, marketer, seller, and producer of electronic ignition systems and control systems for combustion engines, including heavy- and medium-duty vehicle engines, natural gas engines, and small engines. SEM’s products and systems provide greater engine power and lower fuel consumption while reducing harmful emissions. SEM was founded in 1915 and is based in Amal, Sweden.
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Buyer Overview 1

Buyer

Phinia

Auburn Hills, Michigan, United States

Category Company
Sector Automotive
Employees12,700
Revenue 3.4B USD (2024)
DESCRIPTION

Phinia develops and manufactures integrated components and systems for fuel delivery and vehicle electrification. Phinia is based in Auburn Hills, Michigan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Sweden 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1986 and is based in Stockholm, Sweden.


Deal Context for Seller #
Overall 26 of 26
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 10 of 10
Country: Sweden 14 of 14
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Energima

Lysaker, Norway

Energima is an indoor climate and energy efficiency group focusing on service contracts and long-term customer relations. Energima was formed in 2003 and is based in Lysaker, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-25 Parkman

Taby, Sweden

Parkman specializes in comprehensive parking management solutions, offering a wide array of both technical and operational services. Parkman was founded in 2010 and is based in Taby, Sweden.

Buy -