Traton Group, Navistar complete merger

Traton Group, Navistar complete merger

The Traton Group has successfully completed its merger with Navistar and now holds all Navistar common shares, the companies announced. Navistar is to be delisted and deregistered with the SEC during the month of July.

A strategic alliance has been in place between Traton and Navistar since 2017, and as a new brand of the Traton Group, Navistar says it will be in a better position to meet the growing requirements of the market and to improve its customer offering further, especially with respect to the transition to electric mobility and the establishment of autonomous driving. The purchase price was approximately $3.7 billion.

“From this day on, we will be working side by side to bring sustainable transportation of the future one step closer. This is something the entire group is looking forward to,” said Traton CEO Matthias Gründler (pictured above left). “The fact that this merger has been implemented so quickly and smoothly, despite the obstacles presented by the COVID-19 pandemic, is a testament to the impressive team work on both sides of the Atlantic. I would like to thank each and every one involved.”

“Our common understanding of the future of transportation and our joint heritage create a very solid basis for our common way forward,” said Navistar President and CEO Persio Lisboa (pictured above right). “The transport industry is changing rapidly. And together we will shape this change – for the sake of our customers. The Navistar team is ready for the next step of collaboration.”

RELATED: Read our 2020 interview with Persio Lisboa here.

You May Also Like

Mercedes-Benz delivers truck with 1,000-ton towing capacity to German customer

The maximum trailer load of this Arocs SLT 4463 AS 8×6 is 1,000 tons.

Mercedes-heavy-duty-global-1400

Mercedes-Benz Trucks has delivered a specially converted truck for heavy-duty transport (SLT) to the Viktor Baumann company. The maximum trailer load of this Arocs SLT 4463 AS 8x6 is 1,000 tons. For the transportation of such particularly large loads, the truck will drive in combination with several coupled trucks, so the gross combination weight can exceed 1,000 tons. The fleet says it will use their new truck for the transportation of transformers and heat exchangers.

United Natural Foods to deploy eCascadia and VNR Electric trucks

UNFI will combine these trucks with refrigerated trailers cooled by Carrier’s all-electric Vector eCool TRU.

United-Natural-Foods-1400
Daimler Truck delivers Freightliner eCascadias to Reyes Coca-Cola Bottling

The 20 Freightliner eCascadias are expected to result in the reduced use of 40,000 gallons of diesel fuel per year. 

Daimler-Trucks-Coke
Nicholas Trucking on cutting costs and emissions

Early success with propane-powered trucks has the fleet planning to replace more diesel trucks.

nicholas-propane-truck2-1400
Kenworth ADAS adds new features for T680

Adaptive Cruise Control Stop and Auto Go and Highway Departure Braking to Zero features are now available.

Kenworth-Donates-T680

Other Posts

Truck driving safety requires attention

It’s hard to focus on safety when you’re focused on shifting. Episode two of the Fuel Efficiency Faceoff shows why.

EPS-2-faceoff2-1400
ACT Research: For-Hire Demand Outlook remains soft this winter

Freight demand fundamentals are gradually improving, ACT says.

generic-highway-city
Used Class 8 truck prices fell slightly in September; auction prices rose

ACT Research expects lower prices through the end of 2023.

Used-Cl8-Retail-Summary-Heat-Map-September-2023-Final
Class 8 orders down but within expectations, according to FTR

FTR reports that Class 8 orders for October came in at 28,000 units.

june-column-truck-generic