Private equity firm, The Blackstone Group L.P. of New York has agreed terms to acquire a 32% stake in steering and drive line system forging components maker, Sona BLW Precision Forgings Ltd from JM Financial Services Ltd of Mumbai for USD300m.

EvoBus GmbH, a marketing brand of Daimler Buses, has invested in digital mobility through the acquisition of a 5.25% stake in transport logistics software firm, IVU Traffic Technologies AG from the charitable foundation, Gerlind & Ernst Denert-Stiftung.

Dana Incorporated has completed its acquisition of the Drive Systems division of the Oerlikon Group, including the Graziano and Fairfield brands.

As part of the management plan for its European operations and on-going restructuring of its production, the Wielton Group has announced that last year it bought from the receivers of the Italian Trailer Company, the large factory in Tocco da Casauria, run formerly under Merker trailer name.

Dana Incorporated has completed its acquisition of the privately-owned SME Group.

Freudenberg Sealing Technologies has acquired a majority stake in XALT Energy, a global developer and manufacturer of lithium-ion technology targeted at heavy-duty mobility applications.

Saudi Arabia Basic Industries Corporation, global manufacturer of petrochemicals, fertilisers, industrial polymers and metals, headquartered in Riyad, has taken a majority stake in Black Diamond Structures LLC, a nanotechnology company from Austin, Texas, established in 2014.

Voith Group of Heidenheim, Germany has acquired a 56% majority stake in Swedish IT company, Pilotfish – a major provider of on-board IT systems and applications.

SAF-Holland GmbH has acquired a majority interest in PressureGuard LLC, a US specialist in automatic tyre pressure management.

Tenneco Inc has acquired Swedish specialist suspension system manufacturer, Ohlins Racing AB.

Mahle GmbH has acquired transmission gears specialist, ZG-Zahnräder und Getriebe GmbH, to expand its expertise in powertrain transmissions.