The move to acquire Edison Motors is part of KG Mobility’s new parent company’s strategy to expand into the global automotive market, particularly in the fast-growing electric vehicle (EV) segment.

According to Dr Stefan Hartung, Bosch Chairman, the company has made this acquisition in order to grow its electromobility business by reinforcing its semiconductor supply chain.

Volvo Trucks announced back in late 2021 that it would acquire JMC Heavy Duty Vehicle Co Ltd and its manufacturing facility in Taiyuan, Shanxi from Jiangling Motors Corporation.

As part of its environmental services remit, MUT manufactures municipal truck bodies for waste collection, street cleaning, and sewer treatment.

According to the Executive Chairman of MaxiTrans, Greg L’Estrange, Schmitz’s investment in the group will pave the way for shared technological development and operational support as MaxiTrans grows its business.

Trimble will take on Transporeon’s customers in Europe and will use its assets to enhance its transport management systems offered in both Europe and North America.

Borgwarner stated that the acquisition is an important move for the company’s electrification business in Asia.

The German manufacturer of truck-trailer components acquired the remaining shares of Haldex which it did not already own on 1 March 2023, following an approved cash offer of SEK67.36 per share.

Algolux specialises in perception software to improve computer vision for advanced driver assistance systems and autonomous vehicles.

Juratek is an aftermarket supplier and maker of brake components - such as discs, brake pads, callipers, and actuators - for buses, trailers and trucks, under the brand names of Juratek and BettaParts.

The truck-trailer components manufacturer reported a revenue increase of approximately 25% over the previous year.

CEO of VIA Motors, Bob Purcell, together with VIA’s management team have been retained to lead the company.