The transaction, which is mainly components for car and light commercial vehicles, includes the manufacturing operations of two prominent engine parts brands of Moresa and TF Victor, which specialize in pistons and engine gaskets.

Its sales projection for the first year of operation is to export over 100 units and in five years to time exceed 750 units annually.

Goodyear has been the preferred supplier to Wabash for over fifteen years.

The companies are set to develop a fully electrified refrigerated trailer that aims to reduce emissions in the cold chain logistics industry.

Addiante is a joint venture company of steel maker, formed by Gerdau SA of Porto Alegre, and Randoncorp of Caxias do Sul, set up in 2022, specializing in the leasing of heavy vehicles, implements and machinery.

“By partnering with Phillips Connect, we are integrating innovative real-time tractor-trailer pairing validation directly into any workflow app, scaling a fleet’s existing setup without the need for complex change,” said Jake Fields, co-founder and CTO of Platform Science.

Rane NSK Steering Systems Pvt Ltd was formed in 1997 as a joint venture with NSK, Japan

The deal is subject to approval: if permitted by the antitrust authorities, Krone will make use of Schwarzmüller’s sales and manufacturing footprint to extend its market presence in Europe and expand its distribution capacity.

Phillips products which Inland Trailer will install in its new build trailers include camera systems, ‘Permalite’ interior lighting, and the ‘Smart7’ telematics hardware.

With Thermo King’s expertise in electrifying transport refrigeration, the partners aim to achieve reduced fuel consumption in diesel truck-trailers and increased range in electric combinations.

Through this partnership, Thermo King will offer refrigerated trailers to customers in the Americas which are powered – wholly or in part – by electric axles developed by Range.

Investment is for initiatives in two primary locations: The Randon branded semi-trailer and railway wagon assembly plant in Caxias do Sul and the Motion Control manufacturing facility, also in Caxais do Sul, which operates under the Frasle Mobility brand name.