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Acquisition

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.

WABCO Acquires Belgian Fleet Management Company

WABCO Holdings Inc., a global technology company and tier-one supplier to the commercial vehicle industry, announced that it acquired Transics International NV, a European provider of fleet management solutions headquartered in Ypres, Belgium.