Traton SE has offered to acquire all of the outstanding shares of common stock in Navistar International Corporation not already owned by Traton at a price of USD35 per share in cash; this represents a 45% premium over Navistar’s closing share price of USD24.11 on January 29, 2020 and a 19% premium over Navistar’s 90-day volume weighted average price of USD29.40.

Traton SE and RISE, have announced they are collaborating  on cybersecurity and artificial intelligence (AI).

The Traton SE, which includes the Industrial Business segment and the Financial Services segment, reported group revenues in the first half of 2019 had increased 7% to EUR13.5bn, up from EUR12.6bn in the previous first-half year, and that group operating profit had increased by EUR212bn, or the equivalent of 25% to EUR1.075bn.