Middleground Capital acquires Pi Innovo from Dana

1 month ago 16

TipRanks

Wed, February 4, 2026 astatine 7:37 AM CST 1 min read

MiddleGround Capital acquired Pi Innovo from Dana (DAN). Pi Innovo, a decorator and developer of unfastened level physics power systems and power software, volition beryllium integrated into MiddleGround’s portfolio company, New Eagle – a supplier of proprietary hardware and bundle controls exertion for the automotive, commercialized vehicle, off-highway, aerospace and defence industries. Founded successful 2011 and headquartered adjacent Detroit, Michigan, Pi Innovo designs embedded bundle solutions and physics power units for electrification, cleanable fuel, and specialty mobility applications. Pi Innovo’s OpenECU merchandise portfolio includes off-the-shelf and project-specific controllers with embedded bundle arsenic good arsenic exertion and systems engineering services that enactment commercialized and specialty conveyance OEMs and Tier-1s. Acquired by MiddleGround successful November 2021, New Eagle is an innovator successful engineering solutions, delivering physics systems and power bundle for automotive, commercialized vehicle, off-highway, aerospace and defence industries. The level focuses connected mechatronic controls and supports developers with task absorption and proviso concatenation coordination, its proprietary Raptor bundle toolchain and off-the-shelf hardware power solutions. New Eagle’s engineering teams bring extended acquisition successful designing and deploying physics systems for electrical conveyance propulsion and autonomy programs, guiding projects from archetypal conception done afloat production. With the acquisition of Pi Innovo, MiddleGround is continuing its absorption successful the mobility sector, gathering connected its concern successful New Eagle successful 2021.

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