Navistar Stockholders Approve Traton Acquisition
Navistar International Corp.’s stockholders approved the truck maker’s acquisition by Germany-based truck and bus maker Traton.

In 2018, Navistar made an appearance in Traton's massive "booth" (it's an entire hall) at the IAA Commercial Vehicles Show in Hannover, Germany.
Photo: Deborah Lockridge
Navistar International Corp.’s stockholders approved the truck maker’s acquisition by Germany-based truck and bus maker Traton Group.
At Navistar's annual stockholder meeting March 2, stockholders approved Traton’s proposal to acquire all of the outstanding common shares of Navistar for $44.50 per share in cash. Traton currently owns 16.7% of Navistar's outstanding shares.
Traton and Navistar reached a deal on the long-rumored acquisition last October, after Traton put a deadline on its Sept. 10 offer, and entered into a definitive merger agreement in November.
On Jan. 30, 2020, Traton submitted a proposal to acquire all outstanding shares of common stock of Navistar at a price of $35 per share, in cash. It increased that on Sept. 10 to $43 per share.
In 2016, then-Volkswagen Truck & Bus took a 16.6% equity stake in Navistar International Corp. as part of a “wide-ranging strategic alliance."
Traton's truck brands include MAN, Scania, and Volkswagen Caminhões e Ônibus. Both Traton and Navistar have taken minority stakes in autonomous-truck-technology developer TuSimple.
In Traton's news release about the approval, the company noted, "Beginning in March 2017, Traton and Navistar have benefitted from a strategic alliance that has delivered significant value to both companies through increased purchasing scale and the integration of new technologies. This transaction builds on that success by combining Traton’s strong position in Europe and substantial presence in South America with Navistar’s complementary footprint in North America to create a global company well-positioned to benefit from enhanced brand performance, increased innovation and industry-leading capabilities."
Navistar President and CEO Persio Lisboa said in a statement, "This transaction builds upon our highly collaborative and successful strategic alliance and further enhances the growth trajectory of the combined company, while delivering immediate and substantial value to our shareholders."
The transaction remains subject to regulatory approvals and the satisfaction of customary closing conditions. Navistar continues to expect that the transaction will be completed in mid-2021.
More recent news from Navistar: Fuel-Cell Electric Truck ‘Ecosystem’ on the Way from Navistar, GM, OneH2
More Equipment

ZF Expands Commercial Vehicle Push in North America
ZF is expanding its North American commercial-vehicle presence with new transmission applications, electrification, trailer technology and autonomous-driving systems.
Read More →
Tesla Wants a Self-Driving Semi. Are Cameras Enough?
Could Tesla’s camera-only autonomous driving technology work on an 80,000-pound Semi? In this commentary, HDT's Deborah Lockridge takes a look at Tesla, Cybercab, and how autonomous trucks see the road.
Read More →
Kodiak: Driverless Long-Haul Truck Launch on Track for 2026
Kodiak AI says its driverless long-haul safety case is 93% complete and it remains on track to begin commercial operations by year-end 2026.
Read More →
What DOT’s Automated Vehicle Strategy Means for Trucking
The U.S. Department of Transportation issued a new automated-vehicle strategy that outlines plans for driverless-truck regulations, cross-state freight corridors, and federal safety standards.
Read More →
East Coast Port Launches $45M Electric Truck Push
The Port Authority of New York and New Jersey announced millions in incentives for zero-emission drayage trucks, yard tractors, and new charging hubs near the port.
Read More →
PlusAI Going Public to Fund Autonomous Truck Launch
A SPAC deal could provide PlusAI with up to $300 million as it works toward a 2027 commercial launch of factory-built autonomous trucks.
Read More →
NHTSA Moves to Rewrite Truck Fuel-Economy Rules
The National Highway Traffic Safety Administration says it lacks authority to regulate medium- and heavy-duty truck engines separately from complete vehicles, but the existing standards have not yet been eliminated.
Read More →
Detroit Opens Orders for EPA 2027 Engines
Detroit isn’t starting from scratch to meet EPA 2027 diesel emissions standards. Its Gen 6 DD13 and DD15 engines keep much of today’s platform while updating the fuel and aftertreatment systems.
Read More →
Carrier Transicold Adds All-Electric TRU for Stationary Cold Storage
Carrier Transicold’s new Vector 8200 all-electric transport refrigeration unit gives fleets a diesel-free option for temporary refrigerated and frozen trailer storage.
Read More →A Closer Look at Kenworth’s Electric T880E Vocational Truck [Video]
Learn more about Kenworth's T880E battery-electric vocational truck at the Paccar Technical Center, including its range, applications, upfitting considerations, and PTO options, in this HDT Spotlight video.
Read More →
