The deal closed on July 29, 2025, with a base consideration of approximately USD 79.5 million (EUR 67.7 million), subject to adjustments, along with potential earnouts of up to USD 3.9 million (EUR 3.3 million), based on performance milestones.

‘Completion of the offer is conditional on the separation of Iveco Group’s defence business’

UDTrucks' new Kuzer is based on Isuzu’s N-series.

Ecobat’s European battery distribution division was the arm of the business responsible for selling and distributing batteries (mainly lead-acid, but also lithium) to customers across Europe and had nothing to do with battery recycling.

Truck-maker looks to strengthen its operations ahead of the merger with Hino.

Before the sale, Bosch held 33,790,880 shares, or approximately 17.4 % of the company. After the transaction, it will retain 27,396,115 shares, equivalent to 14.1 %, with the retained portion subject to a 60-day lock-up period unless waived.

The sale aligns with JM’s strategy to streamline its portfolio and focus on core growth areas such as hydrogen technologies and emissions control for commercial vehicles.

Volvo commented that the acquisition will enhance its competency in battery cell and battery materials development.

The combined company will operate as under the Aebi Schmidt name, headquartered in Burgdorf, Bern, Switzerland.

Speaking to ABB representatives at the 2025 UITP Summit, they said that for the commercial vehicle sector, this deal is significant as electrification advances into heavier classes, from terminal tractors and off-highway equipment to electric buses, the need for high-performance power conversion grows.

This decision is part of a broader strategy to focus on Dana's core competencies in light and commercial vehicle markets. The sale is expected to strengthen Dana's balance sheet and unlock untapped shareholder value.

The Gradius business has been renamed as “Thermo King Belux” and will continue to serve customers in Belgium and Luxembourg.