ENGG AUG 2017

Automotive I Machinery I Chemicals I electronics I aerospace www.invest.engineering INVEST.ENGINEERING THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES FOREIGN DIRECT INVESTMENTS & M&A SEPTEMBER 2017 Tronox Limited to sell Alkali Chemicals Business for US$ 1.3 billion Mexichem acquire a majority stake in Netafim for US$1.8 billion LG Electronics to establish electric vehicle components factory in Michigan MAGAZINE Tronox Limited to sell its Alkali Chemicals Business for $1.3 Billion Tronox Limited, announced that it has signed a definitive agreement to sell its Alkali Chemicals business to Genesis Energy, L.P., a diversified midstream energy master limited partnership headquartered in Houston, Texas, for $1.325 billion in cash. The transaction is expected to close in the second half of 2017, subject to customary regulatory approvals and closing conditions.   Alkali Chemicals is the world's largest producer of natural soda ash with its mining and processing facilities located in Green River, Wyo. Alkali's products are used in glass manufacturing, detergents, baked goods, animal nutrition supplements, pharmaceuticals, and other essential products.  Peter Johnston, chief executive officer of Tronox, said: "We were pleased to have received significant interest in our Alkali business from multiple potential buyers. Genesis' proposal was the most compelling for its overall value, with its combination of price, favorable contract terms, speed to closing, committed financing, and expected ease of regulatory approvals. These considerations, in aggregate, provided the highest level of certainty to Tronox. We anticipate being able to close this transaction prior to our planned closing of the Cristal TiO2 acquisition. "Alkali Chemicals has consistently delivered strong operational and financial performance. The caliber of the Alkali workforce and their commitment to safe, high-quality production are unmatched in the natural soda ash industry. I thank the leadership team and all Alkali employees for their contributions to Tronox," said Johnston.  The sale of Alkali Chemicals is the next step in positioning Tronox as the global leader in TiO2. The proceeds will be used to fund the majority portion of the cash consideration for the Cristal TiO2 acquisition, which is expected to close by the first quarter of 2018. As an integral part of this strategy, the company announced its intention to refinance a portion of its capital structure. Net debt leverage of approximately 4.5x trailing twelve months pro forma EBITDA before synergies is expected at the closing of the Cristal transaction. Read more...   Engineering Fosun and its joint venture Nanjing Nangang Iron & Steel United Co. Ltd. announced it has completed the acquisition of a majority stake in Koller Beteiligungs GmbH (Koller), a German lightweight automotive specialist headquartered in Dietfurt, Germany. It is the first overseas investment for Nanjing Nangang and the first overseas industrial investment in the automotive industry for Fosun.  Koller owns production facilities in Germany, Hungary and Mexico. It produces injection molding composite parts and pressing tools, including the PUR-honeycomb sandwich panels for major European automotive companies, such as Volkswagen, Audi, BMW, Mercedes and Land Rover. As an innovation leader, Koller is the leading solutions provider for automotive manufacturers who are looking to reduce energy consumption and pollutant emissions by reducing the weight of the car.  With support from its new major shareholder, Koller will both strengthen its market position in Europe as well as explore new production locations and expansion opportunities in China.  Mr. Guo Guangchang, Chairman of Fosun, said, "We are pleased with this investment in Koller, a world leading lightweight innovative solutions provider to the automotive industry. We highly respect Koller's "spirit of craftsmanship", especially in providing solutions to reduce emissions and energy consumption. Environmental protection and energy saving are key global initiatives, especially in China. Lightweight technology could effectively decrease the energy consumption and promote sustainable development. I believe there will be greater demand for high quality and innovative lightweight products and solutions and we look forward to working closely with the Koller Group in bringing their products to these markets." Read moe Fosun's JV Nanjing Nangang completes acquisition of Koller Beteiligungs GmbH Engineering Engineering Pacific Insight Electronics Corp, is pleased to announce that the Company has entered into a definitive agreement with Methode Electronics Inc. (“Methode”), pursuant to which Methode has agreed to acquire, by way of a plan of arrangement (the “Arrangement”), all of the outstanding shares of Pacific Insight (“Pacific Insight Shares”) in an all-cash transaction for total consideration of approximately CAD$144 million.  Pacific Insight’s board of directors unanimously recommends that Pacific Insight security holders vote in favour of the Arrangement, and each director and officer of Pacific Insight has agreed, in the absence of a superior proposal, to vote all of the Pacific Insight shares they own or control at the date of the Arrangement meeting in favour of the Arrangement.  “I am very pleased with the opportunities this transaction will present. For our shareholders, this transaction will create compelling value by providing them liquidity at an attractive valuation and premium to market in an all-cash transaction. Methode is the ideal partner for us given the complementary nature of our products and expertise. Importantly, Methode’s global manufacturing footprint will provide us the ability to meet our customers’ requested expansion into Asia and Europe” said Stuart Ross, Pacific Insight’s Chief Executive Officer. “As part of Methode, we will be uniquely positioned to accelerate our innovations and, at the same time, strengthen and scale operations in a strategic manner. The size and strength of Methode will provide additional opportunities for all our stakeholders, including employees, customers, suppliers and local communities that we would not have had on our own.” Read more... Methode Electronics to acquire, all of the outstanding shares of Pacific Insight Too many companies have one-dimensional business strategies for growth or driving profit, with little or no emphasis on sustainability and trust, and no integration of the three, according to Accenture. A new and unique performance index – the Competitive Agility Index – identifies the corporate leaders of the future across nine industries, including automotive and industrial, consumer goods and services, retail, life sciences, communications, electronics and hi-tech, energy, insurance and utilities.   Accenture Strategy conducted the analysis and built the Index from a set of nine separate performance measures to create a forward-looking view on potential future competitiveness. The analysis shows that the companies best positioned for competitiveness have an interdependent strategy focused equally on growth, profitability and sustainability and trust.  The opportunities uncovered in the Competitive Agility Index include the massive growth potential for automotive and industrial companies. The Index shows that companies in these sectors have a tremendous revenue growth opportunity – in the range of $1 billion per company – that can be achieved by an interdependent business strategy with equal focus on all three competitiveness dimensions. Read more...    Automotive & Industrial Companies Could Unlock  $1Bn Each in Revenue: Accenture Engineeriing Nissan to sell electric battery business to GSR Capital Nissan Motor Co., Ltd. announced it has entered into a definitive sale and purchase agreement with GSR Capital (GSR), a private investment fund, for the sale of Nissan's electric battery operations and production facilities to GSR.  The sale and purchase agreement covers Nissan's battery subsidiary, Automotive Energy Supply Corporation (AESC), as well as battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America Inc. (NNA), and in Sunderland, England, owned by Nissan Motor Manufacturing (U.K.) Ltd. (NMUK). Assets sold to GSR will also include part of Nissan's Japanese battery development and production engineering operations located in Oppama, Atsugi and Zama.  Hiroto Saikawa, president and chief executive officer of Nissan, said: "This is a win-win for AESC and Nissan. It enables AESC to utilize GSR's wide networks and proactive investment to expand its customer base and further increase its competitiveness. In turn, this will further enhance Nissan's EV competitiveness. AESC will remain a very important partner for Nissan as we deepen our focus on designing and producing market-leading electric vehicles."  Sonny Wu, chairman of GSR Capital, added: "The acquisition of AESC represents an important step for us in the new energy vehicle industry chain. We plan to further invest in R&D, expand existing production capacity in the U.S., UK and Japan, and also establish new facilities in China and Europe, enabling us to better serve customers around the world. With these capabilities and plans added to the battery business' already skilled workforce, high technical capabilities and proven product-quality track record, we will be in a very good position for growth." Read More...   Engineering Engineering Showa Denko Acquires Assets Concerning SiC from Nippon Steel &  Sumitomo Metal Group Showa Denko, has decided to acquire assets concerning Sublimation - recrystallization Method to manufacture silicon carbide (SiC) wafers from Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Nippon Steel & Sumikin Materials Co., Ltd. (NSMAT) by around the end of January 2018.  When compared with the mainstream silicon-based semiconductors, SiC-based power devices can operate under high-temperature, high-voltage, and high-current conditions, while substantially reducing energy loss. These features enable the production of smaller, lighter, and more energy efficient next-generation power control modules. On the other hand, development of full-SiC-based power modules including MOSFET (metal-oxide semiconductor field-effect transistor) requires SiC wafers with fewer crystal defects and further cost reduction.  SDK initiated research and development of SiC epitaxial wafers in 2005, and now produces and sells 3,000 epitaxial wafers per month*. This time, SDK aims to improve the quality of its products through the acquisition of assets currently owned by Nippon Steel & Sumitomo Metal Group. Read more...   Mexichem acquire a majority stake in Netafim for US$1.8 billion Mexichem, a global leader in plastic piping and chemicals and petrochemicals, announced that it has agreed to acquire 80% stake in Netafim Ltd, from current shareholders Permira funds, Kibbutz Magal and Kibbutz Hatzerim.  Completion of the acquisition is subject to regulatory approvals, and expected during Q4, 2017.  As part of the deal, Mexichem will acquire all Permira fund's shares (61%), Kibbutz Magal shares (6%) and part of Kibbutz Hatzerim shares, which currently hold 33% and will retain 20% stake in the company. The total enterprise value of the transaction is US$1.895 billion.  Founded in 1965 in Kibbutz Hatzerim, Israel, Netafim pioneered the drip irrigation and has become the leading global supplier of smart irrigation solutions. Netafim's solutions are helping millions of farmers to significantly increase their yields while saving water and other agricultural inputs.  Netafim is operating in more than 30 countries, has 17 production plants and sells to more than 100 countries.  In the past few years Netafim has delivered strong financial results – with significant top-line growth and improving profitability, reaching sales of US$855 million in 2016, and invested in penetrating to new markets and strengthening its offering. The strong foundations of the company, good financial results, together with its growth potential following its investment in growth engines, have led Mexichem’s decision to invest in Netafim and strengthen its offering in the irrigation segment.  Antonio Carrillo Rule, Mexichem CEO, commented on the acquisition: "This is a transformational acquisition that advances Mexichem’s drive into specialty products and solutions. The synergies between the companies will enable us to strengthen Netafim’s position as a leading innovator in the high growth, micro-irrigation market. Netafim has a long history of being at the forefront of creating smart solutions for the irrigation market. This acquisition will give Mexichem access to this smart technology which eventually can be applied to create other “smart” industrial solutions.” Read more... Chemical-Engineering Alamo Group Inc., announced that it has acquired R.P.M. Tech Inc. ("R.P.M."), a manufacturer of heavy duty snow removal equipment, mainly mechanical snow blowers and associated parts. The primary end-users of R.P.M.  products are governmental agencies, related contractors, airports and other industrial users. R.P.M. is located in Drummondville, Quebec, Canada, and had sales of approximately C$25.0 million in their last fiscal year ending May 31, 2017. The purchase price for all of the outstanding shares of stock was approximately C$16.7 million, subject to adjustment in accordance with terms of the Share Purchase Agreement.  R.P.M. will become part of Alamo's Industrial Division and will work closely with the Company's nearby Tenco operations located in St.  Valerian, Quebec. Ron Robinson, Alamo Group's President and Chief Executive Officer commented, "R.P.M. is a company we have known and worked with for many years and we feel they will be an excellent addition to Alamo. Their range of snow throwers will be a nice complement to our existing range of snow removal products."  R.P.M. was owned by Fiducie Familiale Piamvic, Fiducie Familiale Pouanneli and Gestion Iamvic Inc. and led by Pierre Bernard. Pierre commented, "We are pleased to be joining our company with Alamo as we feel they will continue on the same path of building high quality equipment and they can provide the resources to take R.P.M. to the next level." Read more... Alamo Group Inc. Acquires R.P.M. Tech Inc. Engineering MSC Industrial Supply Co. Acquires DECO Tool Supply Co. MSC INDUSTRIAL SUPPLY CO., a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, has acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa.  The transaction was completed on July 31, 2017. DECO's annual revenue was approximately $100 million in 2016, generated by 190-plus associates across 10 branch offices located primarily in the Midwest. DECO's sales force and branch footprint complements MSC's coverage in the region. In time, MSC will be able to provide DECO customers access to MSC's one million-plus product portfolio to support their full metalworking and MRO needs.  "We are extremely excited about the acquisition of DECO, which has long been one of the best metalworking distributors in the country, with a well-earned reputation for integrity, customer service and quality. DECO is a perfect fit with our strategic plan as the acquisition enhances our metalworking business, which is the foundation of MSC. DECO brings a talented team with considerable experience and expertise, and strengthens our presence in several important markets in the Midwest," said MSC President and CEO Erik Gershwind. "We are equally excited by the expanded offering MSC can bring to the DECO customers, including a broad and deep MRO product portfolio, next-day delivery, inventory management solutions and more." Read more... Engineering Nucor to Acquire Cold Finish Facilities in Missouri and Mexico Nucor Corporation, announced that it has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets.  "This acquisition fits with our planned growth strategy by expanding Nucor's position as the market leader in cold finished bar products. It also creates synergies with our bar mills by providing an additional channel to market for the special bar quality (SBQ) products we produce," said John Ferriola, Chairman, CEO and President, Nucor Corporation. "The acquisition of St. Louis Cold Drawn complements our long-term strategy to profitably grow our value-added product portfolio."  St. Louis Cold Drawn, Inc. employs 125 people and has two manufacturing locations, one in St. Louis, Missouri, and the other in Monterrey, Mexico, that have a combined annual capacity of 200,000 tons. Read more... Engineering Engineering Lockheed Martin has signed a sales and support agreement with ROBRADY design to sell and support its FORTISâ industrial exoskeleton and FORTIS Tool Arm product line. Under the agreement, ROBRADY will manufacture, sell and provide training, gimbals, accessories and service for Lockheed Martin’s industrial exoskeletons.  The agreement expands access for potential FORTIS customers and adds user training and service resources. It makes it easier for industrial users to get the productivity and safety results for which FORTIS was designed.  “Our design and manufacturing partner ROBRADY is ideally positioned to offer FORTIS solutions to industrial users,” said Keith Maxwell, FORTIS program manager at Lockheed Martin Missiles and Fire Control. “They have a strong reputation for understanding and meeting industrial customer needs.”  FORTIS is an unpowered, lightweight exoskeleton that increases an operator’s strength and endurance by transferring the weight of heavy loads from the operator’s body directly to the ground through a series of joints at the hips, knees and ankles. FORTIS has been recognized with seven International design awards, including Red Dot’s Best of the Best, Green Good Design Award, SPARK and The Icon Award. Recently, the National Center for Manufacturing Sciences concluded that the FORTIS exoskeleton could mitigate nearly all injuries from industrial power tools by making them effectively weightless during operation. Read more... Lockheed Martin has signed a sales and support agreement with ROBRADY Engineering Artemis Capital Partners Announces Acquisition Of StanChem Incorporated Artemis Capital Partners, a Boston-based private equity firm focused on leading industrial technology companies, announced that is has led the acquisition of StanChem Incorporated, a specialty chemicals manufacturer based in East Berlin, Connecticut.  Founded in 1968, StanChem specializes in the research, development, manufacture, and marketing of emulsion polymers, adhesives, and specialty coatings for a variety of applications including paints, paper and packaging, building products, textiles, and non-wovens. In addition to its specialty polymers business, StanChem produces and markets the well-known Albi line of flame retardant products. Consistent with Artemis' investment strategy, StanChem possesses a compelling combination of differentiated process and product solutions, a blue-chip customer base, and significant growth potential. According to StanChem's management team, that growth will be fueled by a new era of innovation and investment.  "Using the 'Voice of our Customer' as our guide, we are excited to systematically expand our R&D capabilities to deliver new emulsion polymers and Albi coatings to our new and existing customers, applications, and markets," stated Paul Stenson, PhD, StanChem's Vice President of Technology, Sales, & Marketing.  Stephen McGuff, StanChem's Vice President of Operations, concurred: "StanChem's existing process technology is both formidable and flexible and we plan to further invest in our people, technology, and equipment to realize StanChem's full potential as a world-class manufacturer in the specialty polymers industry. After we have implemented our investment plans, we will have significantly increased the Company's capacity and capabilities."  In addition to Dr. Stenson and Mr. McGuff, Michael Foley, PhD., Peter Hunter, and James Ward will join StanChem's Board of Directors on behalf of Artemis, with Dr. Foley serving as the Company's new Chairman. Read more... LG Electronics To Establish Factory For Electric Vehicle Components In Michigan LG Electronics Inc. announced plans to establish a U.S. factory for advanced electric vehicle (EV) components in Michigan. The 250,000-square-foot facility, in the Detroit suburb of Hazel Park, Mich., will produce EV components starting in 2018. The project will mean at least 292 new Michigan jobs, including factory workers in Hazel Park and engineers at the expanded LG R&D Center in Troy, Mich.   Representing an LG investment of about $25 million, the project is supported by a $2.9 million capital grant under the Michigan Business Development Program over the next four years. LG also will receive hiring and training assistance from the state, including MI Works support in cooperation with local community colleges, and from the cities of Hazel Park and Troy.  Ken Chang, LG Electronics USA senior vice president and head of the LG Vehicle Components North American Business Center, said, "LG's initiative to develop and produce world-class EV components in the United States represents a key pillar of our strategy to be the best technology partner to U.S. automakers."  Vehicle components represent the fastest-growing business of global technology leader LG Electronics. LG's first-half 2017 global revenues for vehicle components were more than $1.5 billion, a 43 percent increase from the same period last year, thanks in large part to the successful collaboration with General Motors on the popular Chevrolet Bolt EV. Honored by GM as a global supplier of the year, LG Electronics received the coveted 2017 GM Innovation Award. Read more... Engineering Engineering Hanergy Thin Film Power Limited (HKSE) announced that its wholly-owned US subsidiary, Alta Devices, has signed a memorandum with AUDI AG Memorandum of Understanding (MoU) on strategic cooperation in thin-film solar cell technology. The two parties will jointly take over the " Audi / Hanergy FineFilm Solar Cell Research and Development Project".  As a first step, Audi and Hanergy will present the thin film solar cell integration solution to the panoramic roof of Audi models. It is designed to extend the vehicle's rolling capacity - by providing solar power to its internal electrical system - including air conditioning and other electrical appliances. In the long term, by leveraging technologies from both sides, the two companies plan a gradual transition to the use of thin film solar energy technology to provide solar power to the battery of the transmission system to provide additional primary energy To vehicles. The project will not only contribute to Audi's clear vision of emission-free mobility, But also advance the application of thin film solar energy technology to the overall primary energy generation. By the end of 2017, the two sides jointly plan to present an Audi vehicle prototype exhibiting an integrated sunroof prototype solution. Audi takes the zero emission target seriously. That's why, in addition to innovative fuels, electric drive systems are essential for future Audi cars. By 2020, the product line will include three attractively designed efficient battery electric cars. By 2025, Audi plans to deliver to its customers a third of its cars with fully electric transmission systems.  Based on this strategic configuration, renewable energy - especially solar energy with the characteristics of mobile energy - has become very attractive for Audi to achieve sustainable mobility. Since light-bodied vehicles and limited ceiling areas require solar cells with a high energy-to-weight ratio, gallium arsenide (GaAs), a thin, high-efficiency, thin-film, flexible and light solar energy technology has emerged as The main option for Audi's panoramic sunroof solution. Read more... Hanergy and Audi sign MOU on strategic cooperation in thin film Solar Cell Technology Engineering Jenoptik has acquired 100 percent of the US company Five Lakes Automation (FLA). FLA was founded in 2013 and is a full-service turnkey provider of complex automated manufacturing solutions. The company plans and designs automated production lines and integrates them in the customer’s environment including all production systems. The services and products around process engineering and implementation of automated manufacturing solutions include for example design, system layout, simulation, controls hardware and software design, robotic handling systems as well as transfer devices. FLA has specific expertise in the joining of complex metal components, especially welding systems. Customers include leading US car manufacturers and automotive suppliers. Headquarters is Novi, Michigan and thus close to the new technology campus in Rochester Hills, the US location of Jenoptik Automotive.  With the FLA know-how Jenoptik will develop from a machine supplier to an integrated specialist for metal and plastic processing  While Jenoptik is specialized in efficient, precise and safe 3D laser processing, FLA contributes comprehensive experience in the handling of devices and the integration of individual production systems into automated process lines.  “The acquisition allows us to win new know-how around automated production and new customers because not only can we offer stand-alone machines now but complete process solutions from a single source,” stated Stefan Traeger, President & CEO of JENOPTIK AG. Read more... Jenoptik acquires Five Lakes Automation LLC. Engineering Indorama Ventures Acquires DuraFiber Technologies Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire DuraFiber Technologies México Operations, S. A. DE C. V. (DFT), a leading Mexican producer of durable technical textiles for industrial, tire reinforcement, and specialty applications globally. DFT’s Queretaro plant in Mexico (co-sited with IVL Mexico) has a capacity to produce a total of 37,500 tonnes/ annum of PET High Modulus Low Shrinkage (PET HMLS), PET Heavy Denier Industrial (PET HDI) and Nylon 6 fully-integrated into tire cord fabrics and industrial and industrial textiles. Its products are used in a wide range of applications including reinforcement for conveyor belts, hoses, single-ply roofing, tents, automotive airbags, seat belts, safety harnesses and ropes.  he transaction is expected to be completed in the third quarter of 2017, subject to the usual regulatory approvals (including the approval by the Mexican Antitrust Commission). Concurrently with this planned acquisition in Mexico, IVL has agreed to also acquire DuraFiber Longlaville, France having a capacity of 35,000 tonnes/annum, again subject to a definitive agreement, the relevant regulatory approvals and employee approval.   Commenting on the acquisition, Mr. Aloke Lohia, Group CEO of Indorama Ventures, said, “The acquisition of DuraFiber is strongly aligned with our strategy of pursuing accretive growth opportunities in the high value-added automotive segment. DuraFiber’s portfolio is a complementary fit with our current HVA tire cord fabric products in Europe and a strong fit with our existing PET site in Mexico. DuraFiber is a strong brand with recognized products with deep insights into the market combined with IVL’s global scale will enable us to better meet customers’ evolving needs.” Read more... Engineering Adient PLC. agreement to acquire Futuris Group  for $360 million Adient PLC., the global leader in automotive seating, announced that it has signed a definitive agreement to acquire Futuris Group. The purchase price is approximately $360 million including the assumption of approximately $18 million of net debt. Privately held Futuris is headquartered in Oak Park, Michigan.  Adient expects the transaction to add approximately $500M in revenue on an annual basis. It is expected to be accretive to Adient's adjusted fiscal 2018 earnings per share.  Futuris, owned by affiliates of Clearlake Capital Group, is a global designer and manufacturer of fully integrated automotive seating and interior systems. It operates 15 facilities in North America and Asia.  The company provides full seating systems, seat frames, seat trim, headrests, armrests and seat bolsters. In North America, the company's primary customers include Tesla, Ford and General Motors, as well as other automotive seating suppliers. It was the first automotive seating company to focus on West Coast automakers, and has a growing backlog of business with several of these customers. In Asia, customers include Geely, Chery and Brilliance.  "Futuris has a rapidly growing book of business that strengthens our position with West Coast customers, improves our utilization rates in North America and expands our business in Southeast Asia. In China, Futuris' concentration on local brands is complementary to our existing business," said Bruce McDonald, Adient chairman and chief executive officer. "We believe this transaction will create new value for our shareholders." Read more.. Engineering Delphi Automotive PLC, announced it has signed a commercial partnership agreement with Innoviz Technologies, a leading Israeli-based company developing LiDAR technology for the mass commercialization of autonomous vehicles. Innoviz’s proprietary LiDAR sensing solutions will be integrated into Delphi’s systems to provide automakers with a comprehensive portfolio of autonomous driving technologies.   Innoviz LiDAR technology utilizes a solid-state design to provide longer-range scanning performance and superior object detection and accuracy capabilities. Long range LiDAR is critical for enabling Level 3 and Level 4 autonomous vehicles to travel at high speeds, as these vehicles will need to identify objects at far distances and in great detail in order to operate safely. “Along with radar and vision technology, LiDAR is an essential component to Delphi’s automated driving perception suite,” said Glen De Vos, Delphi Automotive senior vice president and chief technology officer. “Innoviz is developing a product that provides a high performance intelligent sensing solution to help advance automated driving technology.”   To further support the commercial partnership, Delphi has also made a minority investment in Innoviz. Read more... Delphi Automotive has signed a Commercial partnership agreement with Innoviz Technologies www.invest.engineering Dugree KnowledgeWorks 13 F, Gopala Towers, 25 Rajendra Place New Delhi - 110008, India Website: www.globalfdi.net INVEST.ENGINEERING MAGAZINE Automotive I Machinery I Chemicals I electronics I aerospace