AXN Heavy Duty, which was established 16 years ago in 2008, sells axles and suspension systems for the truck, trailer and bus segment in North America.

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.

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.

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

While the specific percentage of shares repurchased was not disclosed, ABB E-mobility continues to hold a significant stake in InCharge Energy. This deal gives InCharge more decision-making power over its future business operations.

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

The transaction concerns ‘Mahle Powertrain LLC’, a subsidiary based in Plymouth, Michigan whose seventy or so employees provide engineering and consultancy services for the design, testing, development, calibration, and integration of electric and hybrid powertrains.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Shyft expects the combined company will generate between USD20m and USD25m in annual run-rate cost synergies through “cost optimization and operational efficiency gains”.

The Hedin Mobility Group has purchased the dealership and retail services network in the Nordic countries in Sweden (Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland (Espoo) and Denmark (Odense).

The acquisition of the French cable protection systems company is part of ABB’s strategy to enhance its Installation Products Division and strengthen its market position in Europe, the Middle East, and North America, particularly in specialised markets such as OEM applications.

Karsan has acquired 100% of Spanish dealership, E-buskar, expanding its presence in the Spanish market. By integrating E-buskar into its operations, Karsan plans to enhance its collaboration with dealers in public transportation sales, after-sales services, spare parts, and used vehicles.