PHINIA announced that it has entered into a definitive agreement to acquire 100% of the equity interests of the stoba Group. Financial terms of the transaction were not disclosed.
The proposed transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions.
PHINIA is a diversified industrial supplier focused on fuel systems, electrical systems, and aftermarket solutions.
The stoba Group is a global technology partner specializing in high-precision components, systems, and customized manufacturing solutions.
PHINIA said the acquisition is expected to complement its current portfolio and enhance its ability to deliver high-precision components, systems, and integrated solutions globally.
The company also expects the deal to strengthen supply continuity and resilience.
The acquisition is expected to expand PHINIA’s capabilities in complex component manufacturing, advanced engineering, and system integration.
It will also broaden PHINIA’s presence across strategic sectors including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
PHINIA said management expects to provide more details about the proposed transaction during the company’s second-quarter 2026 earnings call on July 30, 2026.
The stoba Group was founded in 1961 in Backnang, Germany.
The company has grown into a globally active group with more than 1,000 employees and eight locations worldwide.
stoba develops, produces, and assembles precision components and systems for a wide range of industries.
The company’s capabilities are based on sophisticated components, process reliability, and industrial implementation expertise.
PHINIA is headquartered in Auburn Hills, Michigan, and has approximately 12,500 employees across more than 40 locations in 20 countries.
The company’s brand portfolio includes DELPHI, DELCO REMY, and HARTRIDGE.
PHINIA’s systems and solutions are designed to keep combustion engines operating at peak performance across medium- and heavy-duty commercial vehicles, light commercial vehicles, light passenger vehicles, and off-highway, industrial, and other applications.
The company also provides service solutions, including vehicle repair and replacement parts, through OEM dealer networks and the independent aftermarket channel.
KEY QUOTE:
“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. 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. We expect to fund the transaction through available liquidity, while maintaining financial flexibility to support our other strategic priorities. 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.”
Brady Ericson, President and CEO of PHINIA
