AXN Heavy Duty, which was established 16 years ago in 2008, sells axles and suspension systems for the truck, trailer and bus segment in North America.

The transaction, which is mainly components for car and light commercial vehicles, includes the manufacturing operations of two prominent engine parts brands of Moresa and TF Victor, which specialize in pistons and engine gaskets.

The semi-trailer and drawbar trailer segment recorded a decline in sales of 1.9%, whereas body builder sales rose by 16.3%.

Bernard Krone, Chairman of the Supervisory Board, highlighted Hölscher’s expertise in finance and his understanding of agricultural sector challenges as key assets for the group's development.

Broshuis is a family-owned company specialising in the design and manufacture of trailers. The company produces semi-low trailers, low trailers and flat trailers.

Schwarzmüller says there will be virtually no overlap between its “infrastructure vehicles” and Krone’s core expertise in road freight transport – the two brands will remain separate.

Its sales projection for the first year of operation is to export over 100 units and in five years to time exceed 750 units annually.

Maxion announced that, upon Neto’s appointment, Ralf Duning, who served ten years as vice president of global engineering, will retire from the company.

The CV Show at the NEC in Birmingham, UK is an annual event and this year, it is on over three days, April 29 to May 1.

He succeeds the former mayor, Andreas Brand, who has handed over his seat on the supervisory board of ZF.

Shyft expects the combined company will generate between USD20m and USD25m in annual run-rate cost synergies through “cost optimization and operational efficiency gains”.

The fifty trailers from Schmitz’s ‘S.CS Fixed Roof’ range were built at the company’s facility in Manchester.