MiddleGround Capital acquires Pi Innovo from Dana Incorporated
MiddleGround Capital has acquired Pi Innovo from Dana Incorporated, integrating the electronic control systems designer into its existing portfolio company New Eagle. This acquisition aims to broaden the flexible, secure, open functional-safety solutions provided to customers and aligns with MiddleGround’s mobility sector focus. Dana Incorporated recently reported strong preliminary 2025 financial results and raised its 2026 margin guidance, leading UBS to increase its price target for Dana.