MiddleGround Capital Completes Add-On for New Eagle Platform with Acquisition of Pi Innovo
Summary
MiddleGround Capital acquired Pi Innovo from Dana Incorporated and will integrate the business into its portfolio company New Eagle. Pi Innovo designs open-platform electronic control units and embedded control software (OpenECU) for electrification, clean-fuel, and specialty mobility applications. New Eagle contributes a proprietary Raptor software toolchain and hardware control solutions, and the combined teams aim to broaden functional-safety and cybersecurity-enabled controls across ICE and electrified vehicle programs. The deal advances MiddleGround's mobility-focused platform strategy and intends to accelerate development timelines and expand lifecycle support for OEMs and Tier‑1 customers.
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Aerospace
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Web and Content Management
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Embedded Software
Automotive Software
Industrial Automation
