CarUX to acquire Pioneer Corporation from EQT for $1.1bn.

CarUX, a company focused on smart cockpit solutions, agreed to acquire Pioneer Corporation, an automotive technology company, from EQT, a private equity firm, for $1.1bn. “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,” Shiro Yahara, Pioneer President and CEO.