PHINIA in Auburn Hills Announces Definitive Agreement to Acquire stoba Group
Posted By: DBUSINESS on June 30, 2026. For more information, please click here to read the source article.
PHINIA Inc., an Auburn Hills-based supplier of automotive fuel systems, electrical systems, and aftermarket solutions, today announced plans to acquire 100 percent of German precision component manufacturer the stoba Group. Terms of the deal were not disclosed.
Stoba Group was founded in 1961 in Backnang, Germany, and employs more than 1,000 people across eight locations worldwide including in Charleston, S.C. It specializes in manufacturing high-precision components, systems, and customized manufacturing solutions.
The stoba Group’s precision engineering and advanced manufacturing expertise is expected to complement PHINIA’s current portfolio and enhance PHINIA’s ability to deliver high-precision components, systems, and integrated solutions globally. PHINIA says it believes the acquisition also will strengthen supply continuity and resilience, while further expanding its capabilities in complex component manufacturing, advanced engineering, and system integration.
“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. We expect to fund the transaction through available liquidity, while maintaining financial flexibility to support our other strategic priorities.”
PHINIA says it expects the acquisition of the stoba Group to broaden PHINIA’s presence across a variety of strategic sectors, including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
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