MiddleGround Capital Completes Add-On for New Eagle Platform with Acquisition of Pi Innovo
Dana Incorporated (DAN)
Last dana incorporated earnings: 4/30 06:59 am
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US:NYSE Investor Relations:
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Source: GlobeNewswire
LEXINGTON, Ky., Feb. 03, 2026 (GLOBE NEWSWIRE) -- MiddleGround Capital (“MiddleGround”), an operationally focused private equity firm that makes control investments in North American and European headquartered middle-market B2B industrial and specialty distribution companies, today announced it has acquired Pi Innovo (“Pi Innovo”), from Dana Incorporated. Pi Innovo, a designer and developer of open platform electronic control systems and control software, will be integrated into MiddleGround’s portfolio company, New Eagle - a provider of proprietary hardware and software controls technology for the automotive, commercial vehicle, off-highway, aerospace and defense industries. Founded in 2011 and headquartered near Detroit, Michigan, Pi Innovo designs embedded software solutions and electronic control units for electrification, clean fuel, and specialty mobility applications. Pi Innovo’s OpenECUTM product portfolio includes off-the-shelf and project-specific controllers with embedde
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