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.

Whilst making the argument that Europe can maintain competitiveness whilst reaching its climate goals, the Union faces a multitude of issues relating to the rise of the Chinese EV automotive industry, pending American tariffs from the new Trump regime, internal political instability and unforeseen market reluctance relating to the uptake of zero-emission trucks.

David Kiss, Managing Director of DAF Trucks UK told members of the UK media at an event held in Oxford late last year that a large amount of DAF UK’s success is a direct result of its aftermarket network. The territory boasts 13 dealer groups with 146 dealer locations, which include 102 service locations and 34 sales locations.

While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

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.

Claudio Passerini succeeds Domenico Nucera, who transitioned to the newly created role of Chief Quality & Operations Officer at Iveco Group.

While the specific percentage of shares repurchased was not disclosed, ABB E-mobility continues to hold a significant stake in InCharge Energy. This deal gives InCharge more decision-making power over its future business operations.

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.