Mergers & Acquisitions

Traton, Navistar Enter Purchasing Agreement

Traton and Navistar have officially entered into a definitive merger agreement after announcing that the companies had reached an agreement for Traton to buy out the remaining shares in Navistar on October 16.

Hendrickson Looks to Future Following Motor Wheel Acquisition

After its recent acquisition of the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, Hendrickson said it’s going to invest more capital and technology in the product lines.

Navistar, Traton Make a Deal

Navistar and Traton have agreed in principle to a deal for the acquisition of Navistar International Corp. by Volkswagen’s truck and bus unit for $3.69 billion.

Traton to Navistar: That's Our Final Offer

Traton warned that its Sept. 10 buyout offer for Navistar, its “best and final offer,” expires at the end of the week.

Wrench Acquires Lemon Squad, Expands Full-Service Automotive Offerings

Through the acquisition of Lemon Squad, Wrench customers and fleet operators can now schedule on-site, pre-purchased vehicle inspections directly through the Wrench mobile app.

Omnitracs Acquires SmartDrive

Omnitracs is buying SmartDrive, a move the companies say will create a converged, end-to-end platform that optimizes safety, driver productivity, and workflow, as well as routing, dispatch, and compliance.

NFI Strengthens Non-Asset Logistics with CAI Acquisition

NFI has completed the acquisition of CAI Logistics, the non-asset logistics division of CAI International, enhancing its brokerage, intermodal, and global freight forwarding capabilities.

Hendrickson Buys Brake, Slack Adjuster Business from Stemco

The Motor Wheel Brake Drum and Crewson slack adjuster brands get new life with an announcement of their acquisition from Stemco by Hendrickson.

Lordstown Motors Corp. to List on NASDAQ

Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.

TFI Acquires MCT Transportation

TFI International recently purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries.

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