Middleground Capital acquires Pi Innovo from Dana

Core Insights - MiddleGround Capital has acquired Pi Innovo from Dana, enhancing its portfolio in the mobility sector [1] - Pi Innovo specializes in open platform electronic control systems and software, focusing on electrification and clean fuel applications [1] - The acquisition will integrate Pi Innovo into New Eagle, which provides proprietary hardware and software controls for various industries [1] Company Overview - Pi Innovo, founded in 2011 and based near Detroit, Michigan, designs embedded software solutions and electronic control units [1] - New Eagle, acquired by MiddleGround in November 2021, focuses on mechatronic controls and supports developers with project management and supply chain coordination [1] - New Eagle's engineering teams have extensive experience in electronic systems for electric vehicle propulsion and autonomy programs [1] Product and Service Offerings - Pi Innovo's OpenECU product portfolio includes off-the-shelf and project-specific controllers with embedded software [1] - New Eagle delivers electronic systems and control software for automotive, commercial vehicle, off-highway, aerospace, and defense industries [1] - The proprietary Raptor software toolchain and off-the-shelf hardware control solutions are key components of New Eagle's offerings [1]