Taiwan-headquartered Innolux Corporation is set to acquire Japanese electronics major Pioneer Corporation from EQT for USD 1.1 billion. As per the understanding, CarUX, a subsidiary of Innolux Corporation, focussing on smart cockpit solutions, will create strong synergies with Pioneer’s existing capabilities to continue on its global expansion trajectory.

Pioneer, a Japanese leader in automotive sound and navigation systems, has been an engineering powerhouse since its founding in 1938, known for its robust research and development and industry-leading manufacturing. The company provides in-car navigation and audio electronics to both original equipment manufacturers (OEMs) and the consumer aftermarket, alongside various hardware and software solutions for the automotive sector.

Since its 2019 acquisition by EQT, Pioneer has undergone a significant transformation to restore its financial health and ensure long-term growth. This effort has yielded strong results, with the company achieving double-digit EBITDA margins and substantial free cash flow for the fiscal year ending March 2025. EQT’s strategic initiatives included strengthening corporate governance, appointing a new leadership team and implementing strict cost and capital discipline, all of which substantially boosted profitability and cash generation.

The Japanese company has successfully refocused on its core expertise in automotive audio, introducing a new amplifier technology platform and securing major projects from clients both domestically and internationally. The company has also expanded into new growth areas by leveraging its existing technologies, launching Mobility Services (software-led navigation utilising proprietary Japan-specific map data) and Mobility AI Connectivity (AI-based dash cameras for global markets). Furthermore, Pioneer demonstrated resilience during challenging periods like the Covid-19 pandemic and semiconductor shortages, thanks to enhanced operational efficiencies and the strategic divestment of non-core assets.

Shiro Yahara, President and CEO, Pioneer, said, “EQT has been instrumental in helping us drive transformation and innovation while preserving our DNA as a global leader in automotive technology. We look forward to this next chapter of growth with CarUX, building on the solid foundation that EQT helped us establish. We are proud to celebrate this milestone and look forward to partnering with CarUX to continue our product innovations and accelerate our global expansion.”

Sanjay Dhawan, Chairperson of the Board and Independent Director of Pioneer, said, “The automotive industry is undergoing a profound digital transformation, with digital content in vehicles rising from 27 percent to 40 percent and software playing an increasingly central role in cars. Under EQT’s ownership, Pioneer has embarked on a transformative journey – embracing innovation to lead in this new, software-defined era of mobility. This innovation has created substantial value across the board, benefiting customers, employees and shareholders alike.”

Shane Predeek, Partner, EQT Private Capital, said, “We are proud to have helped revitalise one of Japan’s most iconic brands and reposition it for long-term success. This milestone marks an exciting new chapter for Pioneer, and we believe that there are synergies with CarUX and its parent company, Innolux, that will greatly benefit the business and its future potential. At EQT, we are committed to being responsible stewards of our companies – ensuring they are handed over to owners who can continue the momentum we’ve built and support their next phase of growth. This transaction also reflects EQT’s growing momentum in Japan, where we continue to execute on our strategy of building stronger, more resilient businesses with global ambition.”

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Tata AutoComp Systems, through its British subsidiary Artifex Interior Systems, has completed the acquisition of 100 percent of the share capital of IAC Group (Slovakia). The entity has been renamed Artifex Systems Slovakia s.r.o.

The acquisition establishes a presence for Tata AutoComp in the European Union, specifically as a supplier to Jaguar Land Rover, Volkswagen, Audi and Skoda. The move is part of a strategy to unify Artifex operations in the UK, Sweden and Slovakia under a single identity.

Coinciding with the acquisition, Artifex has opened the Sweden Engineering Centre in Gothenburg. The facility is intended to support innovation and collaboration with regional partners and customers.

Artifex now operates with an annual revenue of USD 1.3 billion and a workforce of 4,100 employees across Europe. Its portfolio includes instrument panels, consoles, door trims and headliners.

Arvind Goel, Vice-Chairman of Tata AutoComp Systems, said, "The integration of Artifex Systems Slovakia s.r.o (formerly IAC Slovakia) has been successfully completed, marking a significant step in building the Artifex brand and advancing our global growth strategy. With this integration, we are now better positioned to deliver long-term value, operational excellence, and world-class quality to global OEMs."

Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems, added, “In the light of this development, I would like to inform you that our European businesses demonstrate strong operational and cultural alignment. This integration will enable quicker decision-making, improved execution, and enhanced value delivery for our OEM clients in the region.”

Alan Fennelly, CEO, Artifex Interior Systems, stated, "We are proud to formally welcome Artifex Systems Slovakia (formerly IAC Slovakia) into the Artifex and Tata AutoComp family. Their skilled workforce, strong customer focus combined with great technical expertise will be key in accelerating our growth as we support the next generation of vehicle platforms."

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BWI Group has introduced an automated mode for its Semi-Active Roll Control (SARC) system, designed to address the weight challenges of modern SUVs and battery electric vehicles (BEVs). The update allows a vehicle's anti-roll bar to disconnect and reconnect on demand while driving.

For the unversed, BWI Group was incepted in 1909 as Dayton Engineering Laboratory Company (Delco). It is said to have created the first reliable electric self-starter for the global automotive market, and is now currently owned by China’s Beijing West Smart Mobility Zhangjiakou Automotive Electronics Co, led by Zhang Jia Kou Financial Holding Group (ZJKFH) and an assembled syndicate of key investors.

The SARC system aims to resolve the engineering conflict between ride comfort and handling. As SUVs now account for over half of European car registrations and BEVs weigh significantly more than internal combustion counterparts, chassis engineers have historically used stiff stabiliser bars that can compromise comfort.

Operational Data and Speed

The new mode uses vehicle data – including steering angle, speed, lateral acceleration, and yaw rate – to manage the anti-roll bar. During high-speed cornering, the system reconnects the bar in less than 200 milliseconds. When the bar is disconnected during normal driving, the vehicle maintains a more compliant ride.

At the centre of the technology is a rotary actuator and a self-contained hydraulic mechanism. Unlike mechanical alternatives, this hydraulic setup allows for connection and disconnection even when wheels are positioned at different heights. The system also features self-centring technology to ensure engagement across all suspension travel.

SARC is currently in production for several platforms, including the GWM Tank series. BWI Group expects the automated functionality to increase adoption in the SUV and BEV sectors, where managing vehicle mass is a priority for manufacturers.

Bruno Perree, Engineering Manager, BWI Group, said, “Chassis engineers are continually trying to improve road handling and comfort, but the two goals are often incompatible. The latest update to SARC removes that compromise, allowing engineers to optimise the roll bar purely for handling as it will be disconnected the majority of the time. This not only improves comfort but also adds significant off-road capability, which can be a key competitive differentiator in a crowded SUV market.”

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German automotive component supplier ZF India has secured a contract from an Indian original equipment manufacturer (OEM) to supply the AxTrax 2 LF electric portal axle. The technology will be utilised in 11-metre city buses and 18-metre articulated buses for domestic and export markets.

The nomination, confirmed in October 2025, involves a multi-year programme for several thousand units, with deliveries scheduled to begin in 2026.

The AxTrax 2 LF integrates propulsion, braking and suspension within a single unit. This architecture replaces the engine, transmission, and conventional axle, increasing space for passengers and batteries. The system uses the same mounting points as previous generations, allowing for backward compatibility.

The unit is built on a modular platform featuring:

• Dual PMS Motors: Two permanent magnet synchronous hairpin motors.
• Inverters: Two 800V Silicon Carbide (SiC) inverters.
• Power Output: Continuous power variants of 260 kW and 360 kW.
• Torque: Peak torque of 36,800 Nm.

An oil cooling system with an integrated e-pump manages temperature and lubrication to maintain performance. The system is compatible with battery-electric, hydrogen fuel cell and trolley bus configurations.

The axle includes software for torque vectoring, regenerative braking, hill hold, and axle condition monitoring. It is designed to meet ISO 26262 functional safety requirements and cybersecurity standards. The electronics are capable of receiving over-the-air (OTA) updates.

Akash Passey, President - ZF Region India, said, “AxTrax 2 LF enables OEMs to design buses that maximise passenger and battery space while delivering superior efficiency and reliability. Its compatibility with battery-electric; fuel cell and trolley bus platforms enable ZF to address the zero-emission mobility aspirations and reinforces the country’s emerging role in next-generation commercial vehicle technology.”

Paramjit Singh Chadha, Senior Vice-President - CVS, ZF Group (Region India), said, “By combining propulsion, braking, suspension, low noise, comfort, safety and intelligent electronics within a compact architecture, ZF helps OEMs simplify vehicle design and accelerate development timelines. Our focus remains on partnering with customers to enable reliable, efficient and future-ready solutions for zero-emission transportation in India.”

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Tier 1 automotive supplier Forvia Hella has appointed Juan Manuel Molla as the new Managing Director Lighting and member of the Management Board, effective 1 March 2026.

He succeeds Bernard Schaferbarthold, who has held responsibility for the Business Group Lighting on an interim basis, and has stepped down from the Management Board on 15 February 2026.

Molla, joins the company with over three decades of experience in the automotive industry. He has held leadership roles at various manufacturers and suppliers, most recently serving as Chief Commercial Officer at Marelli.

In his new role at Forvia Hella, Molla will oversee the strategic development of the lighting business, focusing on market requirements and technological innovation.

Dr.-Ing. Wolfgang Ziebart, Chairman of the Shareholder Committee, said, “With Juan Manuel Molla, we are gaining a highly experienced leader who brings strategic foresight, many years of industry experience, and a deep understanding of the needs of our customers as well as of international markets to the company. We are therefore very pleased to welcome Juan Manuel Molla to Forvia Hella and are confident that he will successfully continue – and further accelerate – the strategic development of the Lighting business in a dynamic and challenging market environment.”

Juan Manuel Molla stated, “I am very grateful for the trust placed in me. The automotive industry is undergoing profound transformation – which will bring changes, but above all great opportunities for the future. Our goal is therefore to respond to new market requirements with agility and flexibility, to consistently strengthen our competitiveness, and to drive the development of lighting innovations that are technologically pioneering and yet affordable. The greatest asset of Forvia Hella’s Lighting business is the expertise of our colleagues worldwide. I look forward to working with them to tackle these tasks and to shape the future of the Business Group Lighting together.”

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