Charged EVs | MiddleGround acquires Pi Innovo to integrate into New Eagle vehicle control platform

MiddleGround Capital, a private equity firm focused on middle-market B2B industrial and specialty distribution companies, has acquired Pi Innovo from Powertrain manufacturer Dana.

MiddleGround will integrate Pi Innovo, which designs and develops open platform electronic control systems and control software for electrification, clean fuel and specialty mobility applications, into New Eagle, which it acquired in 2021. New Eagle provides hardware and software controls technology for the automotive, commercial vehicle, off-highway, aerospace and defense industries.

Pi Innovo’s OpenECU product portfolio includes off-the-shelf and project-specific controllers with embedded software as well as application and systems engineering services that support commercial and specialty vehicle OEMs and Tier 1 manufacturers.

New Eagle’s platform focuses on mechatronic controls and supports developers with project management and supply chain coordination, its Raptor software toolchain and off-the-shelf hardware control solutions. The company’s engineering teams bring experience in designing and deploying electronic systems for EV propulsion and autonomy programs, guiding projects from initial concept through full production.

“As a long-standing partner to OEMs and Tier-1 suppliers in commercial transportation and specialty mobility, Pi Innovo delivers open platform, configurable ECU solutions with integrated functional safety and cybersecurity capabilities for electric vehicle charging, clean fuel propulsion, and hybrid applications—helping customers accelerate development timelines and reduce time to market,” said Adrian Carnie, Head of Business Development at Pi Innovo.

“We aim to enhance collaboration opportunities with customers in partnership with New Eagle by combining our next-generation ECU platforms with New Eagle’s flexible Raptor software toolchain and established controls capabilities. Together, we aim to broaden our range of functional safety and cybersecurity-enabled solutions, and to expand into new electrification programs, increasing the support we offer across the full lifecycle of controls development and integration,” Carnie added.

Source: MiddleGround Capital