EQT to sell Pioneer Corporation to CarUX for USD 1.1 billion

Whats Happening:

EQT is selling Pioneer Corporation, a Japanese automotive technology leader in sound and navigation systems, to CarUX for USD 1.1 billion. This sale marks the culmination of EQT's successful transformation of Pioneer since its acquisition in 2019, which involved improving financial strength, enhancing corporate governance, and positioning the business for long-term growth.

Key Moves:

• EQT to sell Pioneer Corporation to CarUX for USD 1.1 billion

• Pioneer transformed into a global industrial tech firm with solid financials under EQT's ownership

• CarUX partnership expected to create synergies for Pioneer's global expansion

By The Numbers:

• USD 1.1 billion sale price for Pioneer Corporation

• Double digit EBITDA margins achieved by Pioneer for fiscal year ending March 2025

• Pioneer's product portfolio expanded to over 700 registered products

Key Quotes:

• "EQT has been instrumental in helping us drive transformation and innovation while preserving our DNA as a global leader in automotive technology," - Shiro Yahara, President and CEO of Pioneer

• "Under EQT's ownership, Pioneer has embarked on a transformative journey—embracing innovation to lead in this new, software-defined era of mobility," - Sanjay Dhawan, Chairperson of the Board and independent director of Pioneer

• "We are proud to have helped revitalize one of Japan's most iconic brands and reposition it for long-term success," - Shane Predeek, Partner within EQT Private Capital

Bottom Line:

EQT's successful transformation and sale of Pioneer Corporation demonstrates the fund's ability to create value in established companies. The USD 1.1 billion transaction highlights EQT's strategy of revitalizing iconic brands and positioning them for future growth, while also showcasing the fund's growing momentum in the Japanese market.

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