According to the Executive Chairman of MaxiTrans, Greg L’Estrange, Schmitz’s investment in the group will pave the way for shared technological development and operational support as MaxiTrans grows its business.

Trimble will take on Transporeon’s customers in Europe and will use its assets to enhance its transport management systems offered in both Europe and North America.

Borgwarner stated that the acquisition is an important move for the company’s electrification business in Asia.

The German manufacturer of truck-trailer components acquired the remaining shares of Haldex which it did not already own on 1 March 2023, following an approved cash offer of SEK67.36 per share.

Algolux specialises in perception software to improve computer vision for advanced driver assistance systems and autonomous vehicles.

Juratek is an aftermarket supplier and maker of brake components - such as discs, brake pads, callipers, and actuators - for buses, trailers and trucks, under the brand names of Juratek and BettaParts.

The truck-trailer components manufacturer reported a revenue increase of approximately 25% over the previous year.

CEO of VIA Motors, Bob Purcell, together with VIA’s management team have been retained to lead the company.

IDV hope to build on Horiba Mira’s expertise in remote control, teleoperated and autonomous vehicle technology.

The automotive components supplier was acquired by private equity firm Apollo on 17 November for approximately USD7.1bn in cash.

Acquiring Intellic expands ZF’s current product and service offerings in the area of connected vehicle technologies - it envisages a single box (a ‘Connectivity Hub’) which will be able to reliably and accurately collect and relay data from multiple sources, including advanced driver assistance systems and electronic braking systems.

Randon trailers gains a foothold in the US trailer market with its purchase of the Hercules Chassis trailer company.