After careful consideration with the assistance of its financial and legal advisors, the Board of Directors at CV builder, Navistar International Corporation of Lisle, has unanimously concluded that the revised bid of USD43.00 per share for the remaining shares in Navistar by the Traton Group significantly undervalues the company and the substantial synergies from a combination of the two organisations.

Ecobat Battery Technologies Ltd acquired Easystart Batteries Ireland in August 2020.

Preco Electronics Inc, a vehicle safety technology components and systems supplier, has been acquired by Sensata Technologies Inc, a global industrial technology company headquartered in Attleboro.

EnPro Industries Inc has entered into a definitive agreement to sell its Stemco Air Springs business unit, comprising Goodyear-licensed air springs, as well as Super Cushion and Spring Ride-branded air springs, to an affiliate of private equity firm, New York, USA-based Turnspire Capital Partners.

Hitachi Ltd has acquired a controlling stake of 80.1% in the power grids business of ABB Ltd.

The Voith Group has added to its electronic components’ portfolio with the acquisition of ELIN Motoren GmbH from former parent company, Trasys.

An overwhelming majority of shareholders of Delphi Technologies Plc last month approved the previously announced negotiated takeover merger with BorgWarner Inc.

Stemco, an EnPro Industries subsidiary and brand, and manufacturer of heavy-duty components for commercial vehicles, has instigated a series of changes to its product lines to refocus resources on its core products and business areas.

Traton SE has offered to acquire all of the outstanding shares of common stock in Navistar International Corporation not already owned by Traton at a price of USD35 per share in cash; this represents a 45% premium over Navistar’s closing share price of USD24.11 on January 29, 2020 and a 19% premium over Navistar’s 90-day volume weighted average price of USD29.40.

Braking and motion control systems and components supplier for rail and commercial vehicles, Knorr-Bremse AG, has concluded the purchase of steering systems specialist, R.H. Sheppard Co Inc for USD149.5m.

Voith GmbH & Co. KGaA and Swiss investment holding company, PCS Holding AG, have announced an agreement has been signed (April 29, 2020) to acquire a combined 59% of the shares in Traktionssysteme Austria GmbH, a manufacturer of electric motors, generators and transmissions for rail and road vehicles based in Wiener Neudorf, Austria.

ZF Friedrichshafen AG late last month completed the acquisition of commercial vehicle technology supplier, Wabco Holdings Inc, having gained approval from all required regulatory authorities.