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Business News

Mergers, Acquisitions & Disposals

USA

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Mergers, Acquisitions & Disposals

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Distribution & Aftermarket

Hexagon Agility expands aftermarket business with latest acquisition

By Luke Willetts – 31st December 2024

This acquisition triples Hexagon Agility's mobile service capabilities and extends its service network across the United States and Canada. Services such as field service, technical training, and parts distribution will help reduce vehicle downtime and therefore TCO for Hexagon Agility’s clients.

USA

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Mergers, Acquisitions & Disposals

Dafo acquired by United Safety & Survivability Corporation  

By Luke Willetts – 24th December 2024

The acquisition supports United Safety & Survivability Corporation’s strategy to broaden its portfolio of safety solutions and enter new markets with Dafo’s advanced fire suppression technologies.

India

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Investment

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ADAS & Safety Systems

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Connectivity

Daimler India inaugurates mechatronics laboratory at Oragadam

By RACE Innovations Pvt Ltd – 20th December 2024

This new mechatronics laboratory is designed to increase the efficiency of software verification and validation and is expected to cut costs by some 70-80% compared with traditional methods.

India

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Transmissions

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Agreement

RSB Transmissions receives backing from Bain Capital for global expansion

By RACE Innovations Pvt Ltd – 8th December 2024

The investment is to be used to support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations.

USA

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Manufacture

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Mergers, Acquisitions & Disposals

Nova Bus sells Plattsburgh facility to Micro Bird

By Bradley Osborne – 2nd December 2024

Nova Bus announced last year that it would cease production at Plattsburgh by 2025, citing the location’s weak profitability.

UK

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Mergers, Acquisitions & Disposals

Safe Fleet acquires UK lighting manufacturer Labcraft

By Luke Willetts – 27th November 2024

Labcraft will now be integrated into Safe Fleet’s portfolio of brands that provide safety products for vehicle manufacturers. These companies serve multiple global market segments including emergency services, waste & municipal vehicles, construction vehicles and truck & trailer OEMS.

UK

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Mergers, Acquisitions & Disposals

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Retrofit & Refurbishment

Wrightbus acquires bus and coach refurbishment business

By Bradley Osborne – 22nd November 2024

The Northern Irish bus manufacturer says that the acquisition of RGI will mean that its retrofit business, dubbed ‘NewPower’, will now be able to refurbish old buses in addition to replacing their engines with electric powertrains.

UK

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Mergers, Acquisitions & Disposals

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Brakes & Braking Systems

Master Freios signs GBP56m deal to buy European Braking Systems in the UK

By Jose Secco – 22nd November 2024

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.

Germany

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Mergers, Acquisitions & Disposals

Schaeffler lists new shares on Frankfurt Stock Exchange following merger with Vitesco

By Bradley Osborne – 15th October 2024

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

USA

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Connectivity

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Mergers, Acquisitions & Disposals

Platform Science to acquire transportation telematics business units from Trimble

By Bradley Osborne – 4th October 2024

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.

Germany

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Mergers, Acquisitions & Disposals

IAA Transportation 2024: JOST CEO announces plans for Hyva takeover at the IAA

By Luke Willetts – 30th September 2024

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.

Netherlands

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Mergers, Acquisitions & Disposals

VDL Groep aims to save 1,600 jobs and gain access to NA market through Van Hool acquisition

By Bradley Osborne – 19th September 2024

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.

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Truck & Bus Builder

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  1. Home
  2. World Regions
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    • North America
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    • Sub-Saharan Africa
  3. CV Segment
    • Bus & Coach
    • Trailer
    • Truck & Van
  4. Driveline
    • Battery Electric
    • Diesel Combustion
    • Fuel Cell Electric
    • Gas Combustion
    • Hybrid
    • Hydrogen Combustion
  5. Technology
    • ADAS & Safety Systems
    • Aerodynamics
    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
    • Brakes & Braking Systems
    • Chassis Components
    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
    • Electric Charging
    • Hydrogen Fuel
    • Natural Gas Fuel
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