CarUX (Innolux) Acquires Pioneer Corporation from EQT for USD 1.1 billion

June 26, 2025

EQT agreed to sell Pioneer Corporation, a Japanese leader in in‑car sound, navigation and automotive multimedia systems, to CarUX (a smart‑cockpit subsidiary of Innolux Corporation) for USD 1.1 billion. The deal, expected to close in Q4 2025, pairs Pioneer's hardware, manufacturing and growing software capabilities with CarUX/Innolux's smart‑cockpit and panel expertise to drive product and geographic expansion.

Buyers
CarUX, Innolux Corporation
Targets
Pioneer Corporation
Sellers
BPEA Private Equity Fund VI, BPEA Private Equity Fund VII
Industry
Automotive
Location
Tokyo, Japan
Transaction Type
Buyout

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