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.

Founded in 1915, SEM launched its first ignition systems for natural gas engines in 2000: since then, it has developed a range of fuel ignition products, injector stators, and linear position sensors for engines fuelled with natural gas, hydrogen, and other alternatives to diesel.

Through the acquisition of GreenMot, REV Mobilities has taken ownership of retrofit kit solutions approved by the French government for Iveco ‘Crossway’ Euro 6 and ‘Crossway Low Entry’ Euro 5 buses.

Following shareholder approval, Plus will enter into a business combination that will generate up to USD300m in gross proceeds while also giving it access to the public financial market.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas.

The new entity will operate as a joint venture (JV) between the two companies. For Iveco, partnering with DLL provides valuable expertise in asset financing and financial services, which it anticipates will help expand its asset leasing business.

According to details shared at the press conference, the new Tokyo-based holding company will see Daimler Truck and Toyota each holding a 25% stake, with Hino and Fuso operating as wholly-owned subsidiaries.