PHINIA INC. acquired stoba Group, a transaction announced in June 2026, structured as Definitive agreement to acquire 100% of the equity interests of the stoba Group; proposed transaction expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions..
stoba Group operates in High-precision components, systems, and customized manufacturing solutions (precision engineering and advanced manufacturing), is based in Germany (headquartered in Backnang; eight locations worldwide). The stoba Group is a global technology partner specializing in high-precision components, systems, and customized manufacturing solutions, with expertise in precision engineering and advanced manufacturing. Founded in 1961 in Backnang, Germany, stoba has grown into a globally active group with over 1,000 employees across eight locations worldwide, serving a broad range of industries with sophisticated component and system solutions built on process reliability and industrial implementation know-how.
PHINIA expects stoba's precision engineering and advanced manufacturing expertise to complement its portfolio and enhance its ability to deliver high-precision components, systems, and integrated solutions globally. The deal is also intended to strengthen supply continuity and resilience and expand PHINIA's capabilities across passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense.
Advisory firms were not disclosed for this transaction.