This new mechatronics laboratory is designed to increase the efficiency of software verification and validation and is expected to cut costs by some 70-80% compared with traditional methods.

The investment is to be used to support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations.

Nova Bus announced last year that it would cease production at Plattsburgh by 2025, citing the location’s weak profitability.

Labcraft will now be integrated into Safe Fleet’s portfolio of brands that provide safety products for vehicle manufacturers. These companies serve multiple global market segments including emergency services, waste & municipal vehicles, construction vehicles and truck & trailer OEMS.

The Northern Irish bus manufacturer says that the acquisition of RGI will mean that its retrofit business, dubbed ‘NewPower’, will now be able to refurbish old buses in addition to replacing their engines with electric powertrains.

Master Freios stated that it plans to utilize the expertise, structure and distribution network of EBS, which has a strong presence in European and Asian countries.

All product brands, including Vitesco, which are currently marketed alongside the Schaeffler brand will “gradually be transferred to the corporate brand”.

Upon closure of the transaction between Platform Science and Trimble, Trimble Transportation customers will gain access to the ‘Virtual Vehicle’ platform, enabling access to real-time vehicle data and third-party applications directly from the onboard telematics.

The two companies have signed an exclusivity agreement with the deal expected to be finalised by late 2024. This acquisition will enhance JOST's portfolio, particularly in hydraulic systems used in transport, agriculture, and infrastructure industries.

In a press release announcing its half-year results, VDL Groep stated its intention to “strengthen” its bus and coach subsidiary through North American access and the acquisition of Van Hool’s factory in North Macedonia, where it produced vehicles for the NA market.

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

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.