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Newsby StaffMay 18, 2021

XL Fleet Acquires World Energy Efficiency Services

XL Fleet Corp. has acquired World Energy Efficiency Services, LLC for total cash and stock consideration of approximately $16 million.

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Newsby StaffApril 19, 2021

Knighthead, Certares Return with New Counteroffer for Hertz

The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.

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Newsby StaffApril 4, 2021

Hertz Completes Sale of Donlen to Athene Holding

Hertz received $891 million in cash for the sale of the fleet management company.

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Newsby StaffMarch 27, 2021

Dana Acquires Pi Innovo to Enhance e-Propulsion Capabilities

The acquisition of Pi Innovo enables Dana to increase its in-house electrodynamics capabilities and electrification product portfolio by adding a library of turn-key electric vehicle application software, vehicle level controllers, and auxiliary controllers.

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Newsby StaffJanuary 19, 2021

Stellantis: World’s 4th-Largest Automaker Has Launched

Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.

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Newsby StaffDecember 28, 2020

Amerit Fleet to Expand Fleet Services Following Private Equity Acquisition

Private equity firm Brightstar Capital Partners has acquired a majority stake in Amerit Fleet Solutions, with an expansion strategy designed to help the company match e-commerce demands.

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NewsOctober 5, 2020

Digital Infrastructure Provider Via Acquires Fleetonomy Management Software

Via plans to use Fleetonomy’s fleet management software to accelerate its entry into logistics and delivery.

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Newsby StaffSeptember 17, 2020

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.

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Newsby StaffSeptember 9, 2020

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.

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NewsAugust 4, 2020

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.

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