Automated technology specialist ABB Ltd of Zürich, Switzerland, has announced the acquisition of a 60% stake in commercial EV charging firm InCharge Energy, based in Santa Monica, California, USA. The transaction builds on ABB’s initial investment as part of Series A venture capital funding in InCharge.

Cummins Inc of Columbus, Indiana, has announced the signing of an agreement to acquire Bloomfield, Connecticut-based Jacobs Vehicle Systems Inc¹ from parent group Altra Industrial Motion Corp. Operations from the acquisition will report into the Cummins Turbo Technologies business unit within the firm’s Components segment.

JBM Auto has announced the acquisition of a 51% stake in battery maker JBM Green Energy and electric vehicle maker JBM EV Industries through its subsidiary, JBM Electric Vehicles.

Clarience Technologies LLC, the parent firm to Truck-Lite and Davco, based in Southfield, Michigan, has acquired Fleetilla LLC, based in Ann Arbor, Michigan. Clarience hopes to integrate Fleetilla with its existing Road Ready telematics brand to develop what it calls the ‘next generation’ of telematics products.

Columbus, Indiana-based powertrain manufacturer, Cummins Inc, has completed a 50% equity acquisition of Momentum Fuel Technologies from Rush Enterprises.

Electric vehicle maker Edison to buy bankrupt SUV-specialist Ssangyong Motor Corp.

The two companies will collaborate in the development of automated yard logistics and intelligent predictive cruise control.

Hydrogen fuel cell manufacturer Ballard Power Systems has acquired British fuel cell specialist Arcola Energy.

Hon Hai has entered into a definitive Asset Purchase Agreement for the Lordstown, Ohio facility (excluding certain assets such as the hub motor assembly line and battery pack and module lines) for USD230m.

Truck trailer rental company TIP Trailer Services has acquired Steers Group and Eurotrail, which leases heavy-duty vehicles in the UK.

Terberg Specials, purchased from the Royal Terberg Group, will now carry out modifications of light commercial vehicles under the 'Veth Automotive' brand.

Swedish component manufacturer Concentric AB, based in Linköping, has announced the acquisition of Engineered Machined Products Inc. (EMP), a producer of electric and mechanical oil and water pumps, electric fans and thermal management systems based in Syosset, New York. Concentric purchased EMP in cash for approximately USD147 million.