NFI Group Inc - North America’s largest and most diversified bus and coach manufacturer - has acquired Britain’s largest bus and coach builder, Alexander Dennis Ltd, for GBP320m; this represents an implied purchase multiple of 7.3 x ADL’s fiscal year 2018 adjusted earnings before interest, taxation, depreciation and amortisation and on a cash-free, debt-free basis, subject to certain adjustments. 

EDL Rethschulte GmbH, an engineering services provider and part of FEV Group, has acquired the business and all commercial property rights of REALEYES Technology.

Parker Hannifin Corporation, a specialist in motion and control technologies, has entered into a definitive agreement to acquire global conglomerate, Lord Corporation, for approximately USD3.675bn in cash.

Articulation systems specialist, Hübner GmbH & Co KG has added to its product portfolio for the bus and rail industries with the acquisition of Gummi-Welz GmbH und Co KG, a producer of rubber sealing, insulation and isolation materials and glass-fibre reinforced plastic products for the transportation industry.

Global supplier of medium-and heavy-duty automatic transmissions, Allison Transmission Holdings Inc, has strategically extended its product offering into the fully electric driveline field with the purchase of two operations in the electrical drivetrain field; Vantage Power and AxleTech’s Electric Vehicle Systems Division.

Supplier of lighting systems to on- and off-highway and military vehicle markets, Truck-Lite Co LLC has announced its acquisition of Lumitec LLC - a premier supplier of LED lighting for the marine industry since 2007.

Van Eck Trailers B.V., a family-run trailer builder with a history exceeding 100 years has been acquired by Talson Trailers B.V..

ZF Friedrichshafen AG has acquired a 60% share of 2getthere B.V., for an undisclosed sum.

Seoul-based Hanon Systems has completed its acquisition of the Fluid Pressure & Controls business of Canada's Magna International Inc for approximately USD1.2bn.

Phillips & Temro Industries Inc, has acquired EVoCharge Inc for an undisclosed sum.

Woodall Nicholson Holdings Ltd has acquired the entire share capital of JM Engineering Ltd and Promech Solutions Ltd.

Daimler Trucks and Buses Holding Inc has acquired a majority stake in Torc Robotics, a pioneer in autonomous driving solutions.