The manufacturer of automotive components signed a definitive agreement acquiescing to the company’s purchase by Hidden Harbor for an undisclosed sum.

Benalu will merge its activities with those of Legras, becoming the newly formed ‘Benalu-Legras Group’, with Benalu CEO Arnaud de Ponnat as Chairman and Legras President Jean-Rémy Legras as shareholder. 

The engine manufacturer has taken over the axle and brake specialist for a sum of USD3.7bn.

German CV electrification conversion start-up, Clean Logistics SE in Hamburg has agreed terms to buy Dutch heavy-duty multi-axle truck conversion specialist and modifier, GINAF Trucks Netherlands B.V. from the management team at GINAF.

Randon Group plans entry into the large US semi-trailer market and announces agreement to buy US-trailer builder Hercules Chassis to establish local manufacturing base.

Nikola believes that, by bringing battery development and production for its Class 8 electric trucks in-house, it will be able to accelerate rollout and to bring down costs by USD350m per year from 2026.

Hyzon Motors Inc to acquire German truck and trailer body Orten Betriebs GmbH and e-drive conversion company, Orten Electric Trucks GmbH.

Clarience Technologies Inc acquires Pressure Systems International as it broadens its technology competencies in connected systems as tyre inflation becomes critical for electric and autonomous vehicles.

Roadbotics primarily advises local authorities on road maintenance by identifying priority areas of concern with its AI technology, which employs machine-learning to analyse images of roads taken from cameras.

Foxconn says it plans to invest TWD6bn (USD200m) in a new electric vehicle (EV) battery development and production centre in the island’s southern port city of Kaohsiung to underpin its expansion into the local automotive industry.

The French tyre manufacturer has acquired complete ownership of joint-venture firm Royal Lestar Utama, launched in 2015 to develop sustainable production of natural rubber in Indonesia.

Knorr-Bremse AG, based in Munich, Germany, has signed a contract to acquire a majority stake in Spanish connectivity and digitalisation specialist Cojali S.L., based in Campo de Criptana. The signed contract values the 55% stake in Cojali at EUR200 million.