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.

September 2019, Cummins Inc announced it had made a cash investment in Loop Energy Inc, a provider of fuel cell electric range extenders for medium and heavy-duty transport applications.

The BRA14m (USD2.8m) deal, which was first announced last November, was finalised in February this year.

FPT Industrial has acquired Potenza Technology, specialising in the design and development of electric and hybrid powertrain systems.

Sweden’s Hexagon AB, a sensor, software and autonomous solutions provider, has acquired Britain’s CAEfatigue Ltd, a provider of mechanical fatigue simulation solutions used to improve manufacturing product design, quality, and reliability.

The Volvo Group has agreed to sell its Japanese subsidiary, UD Trucks, prefecture to Isuzu Motors Ltd, in a deal worth a reported USD2.3bn, as the fast evolving global commercial vehicle market continues to put huge investment demands on the industry.

Japanese commercial vehicle manufacturer, Hino Motors Ltd, has entered a capital and business alliance with local logistics consulting services firm, Trancom Co Ltd, with a view to optimising transportation networks in the country.

The Austrian trailer firm intends to take advantage of Hüffermann's expertise in the construction and infrastructure vehicle sectors in order to increase its market share particularly in Germany.

Truck and bus chassis and driveline part manufacturer, PE Automotive GmbH & Co KG, has acquired parts company, Monark Automotive GmbH together with the Monark brand for an undisclosed sum.

January 2020 saw Meritor Inc strengthen its electric drivetrain capabilities with its acquisition of all the remaining shares in Transportation Power Inc -  since 2010 a supplier of integrated drive systems, full electric truck solutions and energy-storage subsystems based in Escondido.