
XL Fleet Corp. has acquired World Energy Efficiency Services, LLC for total cash and stock consideration of approximately $16 million.
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The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
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Hertz received $891 million in cash for the sale of the fleet management company.
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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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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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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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Via plans to use Fleetonomy’s fleet management software to accelerate its entry into logistics and delivery.
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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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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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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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