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Acquisition

Morgan Acquires Canadian Truck Body Manufacturer

Morgan Truck Body and its subsidiary, Morgan Canada Corporation, have acquired Multivans to increase its market share and growth and aims to produce truck bodies that accommodate cargo of varying configurations.

PSA Group to Acquire GM's European Operations

PSA Group has reached an agreement with General Motors to purchase GM’s European operations — which include the Opel and Vauxhall brands, as well as GM Financial’s European operations — for 2.2 billion euros.

Daimler Financial Services Acquires Athlon

Daimler Financial Services has announced a strategic investment into the growth of its fleet management and has signed an agreement to purchase Athlon Car Lease International B.V. for the amount of € 1.1 billion (U.S.$1.2 billion).

MRO Company Purchases Canadian Fleet Specialist

Lawson Products, Inc., a distributor of products and services to the MRO marketplace, has acquired F.B. Feeney Hardware in Mississauga, Ontario, Canada. The transaction closed in early May.