DETROIT MANUFACTURING SYSTEMS COMPLETES SUCCESSFUL AQUISITION OF ANDROID INDUSTRIES AND AVANCEZ, FORMING VOLTAVA [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Bruce Smith, Chairman and Chief Executive Officer of Voltava Detroit / Auburn Hills, MI, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Detroit Manufacturing Systems, LLC (“DMS”), announced the closing of their previously announced acquisition of Android Industries, LLC (“Android”), and Avancez, LLC (“Avancez”), establishing a new entity, Voltava, LLC (“Voltava”) which took place on Friday, December 12, 2025. Headquartered in Auburn Hills, Michigan, Voltava is wholly owned by Bruce Smith, who will serve as Chairman and Chief Executive Officer of the new organization. “Today marks a transformational step in our journey as we officially launch Voltava,” said Smith. “By uniting our complementary strengths, operational scale and financial capacity, we are establishing a new leader in the global manufacturing and assembly space focused on delivering long-term value, quality, innovation and exceptional service to our customers worldwide.” With the acquisition complete, Voltava forms a premier glo
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