Accuride acquires majority stake in Gianetti Ruote SRL

Accuride acquires majority stake in Gianetti Ruote SRL

Accuride Corp., a supplier of  commercial vehicle components, and CLN Group, a supplier of steel and metal-formed components and assemblies, have announced that Accuride has acquired a majority stake in steel wheel manufacturer Gianetti Ruote SRL from the MW Italia wheels division of CLN S.p.A. CLN, through MW Italia, who will retain a minority interest in the business. Gianetti will retain its headquarters and principal manufacturing and engineering facility in Ceriano Laghetto near Milan, Italy. Accuride has agreed to invest €19.75 million over the next 36 months to improve Gianetti’s manufacturing operations in exchange for its majority equity position. It is Accuride’s first venture into becoming a global business.

Accuride will continue Gianetti’s proud tradition of supplying best-in-class steel wheel products by strengthening its capable engineering resources and manufacturing assets,” said Accuride’s Scott Hazlett. “As partners, Accuride and CLN will leverage Gianetti’s advanced wheel technologies to meet our customers’ current and future vehicle program requirements.”

“I believe that our agreement with Accuride will prove to be an extraordinary opportunity for Gianetti to be not only a European player, but a global one,” said Gabriele Perris Magnetto, chief executive officer of CLN S.p.A. “Gianetti’s strong product design expertise will be exported globally, thus reinforcing its product leadership in the new venture.”

You May Also Like

Phillips introduces Rear-Vu universal backup camera for commercial trucks

Phillips says the Rear-Vu Backup Camera offers low latency, a 170-degree wide angle and over 50 feet visibility.


Phillips Industries launched its Rear-Vu Backup Camera for the commercial trucking industry. Phillips says Rear-Vu is designed to be equipped to any trailer, and features a proprietary WiFi connection that extends more than 70 ft.

Phillips tells us Rear-Vu integrates with any ELD navigation system, with automatic over-the-air firmware updates. Additionally, the company says the camera has a 170-degree wide viewing angle, more than 50 ft. of visibility behind the trailer and ultra-low latency of less than 0.25 seconds for real-time viewing. It can also be used continuously while driving, allowing drivers to monitor traffic behind them.

Hexagon Agility, Brudeli announce CNG/RNG system integration with PowerHybrid technology

The setup enables the powertrain to switch between hybrid modes, providing flexibility for fleets to operate with different energy options.

Ford to provide charging infrastructure for city of Dallas

As part of the agreement, Dallas will install Ford Pro chargers at city worksites and use Ford Pro smart charging software.

Accelera showcases new technology at ACT Expo

“We now have over 1.5 billion miles in the field on our e-mobility products,” Amy Davis, president of Accelera, said.

ACT Expo 2024 kicks off

Day one keynote speeches came from executives at Volvo, Tesla, and more.

Other Posts

Noregon TripVision now covers medium-duty vehicles

According to Noregon, the update brings TripVision’s remote diagnostics to medium-duty brands including Ford, GM, Sprinter, Isuzu and Hino.

Advanced safety technologies: A tool in driver acceptance

As ADAS technology continues to advance, driver education on vehicle safety technologies becomes ever more critical.

Stoughton, Electrans announce Auto Connect compatibility

The companies say the system can connect truck and trailer air, 7-way electrical, communication, camera and sensor lines, all in 7 seconds.

Penske’s Catalyst AI compares fleets in real time

Penske aims to improve the time consuming practice of manually planning fleet decision off of annual forecasting and benchmark reports.