Knorr-Bremse's 2018 IPO provided financial flexibility for future success. By 2023, the company held 12,000 patents and generated approximately EUR 7.9 billion in annual revenue.

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.

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.

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.

This increases Daimler’s European aftermarket network leading to greater vehicle uptime and therefore profitability for operators.

Siemens has agreed to install 73 charging points in Tuscany and equip over 120 logistics sites with charging infrastructure across Italy, following two deals announced earlier this month.

The new plant will produce wiring systems for the CV industry in order to meet the growing demand in that segment of the business.

Daimler plans on delivering another 50 of these e-trucks before the end of the year, with the majority heading to European dealerships as demonstrator models.

The Duvenbeck Group has ordered 50 units of Farizon’s heavy-duty battery electric Homtruck, with the potential of larger orders in the future. This marks Farizon’s entry into Europe, as it plans to bring its SV Electric van to the UK and Europe later this year.

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.

Stohner, who is managing director of Alvarez and Marsal, known for its turnaround and performance improvement work, took up the role of Chief Restructuring Officer on 15 January following “weeks” of discussions with Webasto.

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.