Wanrun’s bid was selected because it proposed to maintain all of Safra’s current business activities and to keep 120 out of 169 jobs going through a “clear investment plan”.

The move gives M&M a larger share of the CV market above 3.5 tons with multiple synergies for growth.

ABC Technologies has stated that the new company will be a “stronger, more diversified Tier-1 manufacturer” with “global scale and local reach”.

This follows the acquisition of Tankcare Engineering Ltd, an aftermarket firm based in Wisbech, England.

After acquiring the company for an undisclosed sum, Volvo has expanded its network by eight locations, growing its total number of distribution sites in the country to fourteen.

This was after an initial investment in 2022 by the company’s venture capital arm, Carrier Ventures. The company will integrate Addvolt’s battery systems into its refrigeration units and absorb all 60 employees into the Carrier Climate Solutions Transportation segment.

SAF-Holland said that taking over Anand’s portion in the Haldex joint venture will simplify the localisation of the entire Haldex product portfolio in India.

Daimler Buses and Sinos have been collaborating since 2022, with Sinos providing its proprietary software to support Daimler’s fleet electrification efforts. This acquisition formalises that relationship, enabling Daimler Buses to offer its customers customised, long-term digital solutions for electric fleet operations.

The plan is to list a joint holding company in 2026.

Production and sales of the OptiLock range will be transferred to a location in Nieuwerkerk aan den Ijssel in the Netherlands.

Westport has agreed to sell its light-duty interests, including its OEM and independent aftermarket businesses, to a Dutch investment firm for USD73.1m.

The Californian trailer manufacturer has made two separate moves to change the structure of its distribution network: it acquired a trailer sales company in the state of Oregon, and it merged two of its dealer groups in the western United States into a single entity.