Master Freios stated that it plans to utilize the expertise, structure and distribution network of EBS, which has a strong presence in European and Asian countries.

All product brands, including Vitesco, which are currently marketed alongside the Schaeffler brand will “gradually be transferred to the corporate brand”.

Upon closure of the transaction between Platform Science and Trimble, Trimble Transportation customers will gain access to the ‘Virtual Vehicle’ platform, enabling access to real-time vehicle data and third-party applications directly from the onboard telematics.

The two companies have signed an exclusivity agreement with the deal expected to be finalised by late 2024. This acquisition will enhance JOST's portfolio, particularly in hydraulic systems used in transport, agriculture, and infrastructure industries.

In a press release announcing its half-year results, VDL Groep stated its intention to “strengthen” its bus and coach subsidiary through North American access and the acquisition of Van Hool’s factory in North Macedonia, where it produced vehicles for the NA market.

Rane NSK Steering Systems Pvt Ltd was formed in 1997 as a joint venture with NSK, Japan

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.

Volvo NA will take over CVG’s ‘Cab Structures’ business, including its assembly plant in Kings Mountain, North Carolina – which is where CVG assembles medium- and heavy-duty cabs for Mack Trucks – for approximately USD40m.

Bendix has finalised the sale of SafetyDirect, to Rand McNally for an undisclosed fee. According to Bendix, the company will still offer SafetyDirect integration with Bendix ADAS and brake systems, as connectivity remains an essential part of its strategy for advanced driver assistance system development.

The acquisition is expected to leverage the expertise of the Roberto Nuti Group to enhance SI Airsprings product offerings as well as strengthen its global market position.

Following the purchase of ESG, Terex intends to organise the brands into a new “Environmental Solutions” division, which will also include its existing utilities business.

Shyft says the acquisition will allow it to enter new markets and “capture a greater share of higher class-sized products”, particularly larger vehicles and complex service body upfitting.