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Mergers & Acquisitions

Cummins Acquires Electric and Hybrid Powertrain Provider

Cummins has acquired Efficient Drivetrains Inc., a Silicon Valley-based company known for producing hybrid and electric power solutions for the commercial market.

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Geotab Acquires EV Telematics Company

Geotab has acquired FleetCarma, a Canadian telematics company that specializes in the management of electrified vehicles, the telematics provider announced at its Geotab Connect conference in Toronto today.

Acertus Emerges From MetroGistics Acqusitions

MetroGistics has rebranded itself as Acertus to reflect its acquisitions of McNutt, AmeriFleet, and Metro Title Services in recent years as the vehicle logistics provider moves to position itself as a one-stop shop for vehicle lifecycle solutions.

Brinks to Integrate Dunbar Fleet After Merger

Brinks has purchased Dunbar Armored and will integrate it’s fleet of 1,600 armed trucks to its current fleet of more than 2,000 vehicles.

Safe Fleet to Acquire American Van Equipment

Safe Fleet, a provider of safety and productivity solutions for fleet vehicles, has entered into an agreement to acquire van equipment manufacturer American Van Equipment.

Velocity Truck Centers Acquires Sierra Freightliner

Velocity Truck Centers, a commercial vehicle dealership group in the Southwest, has acquired Sierra Freightliner Sterling Western Star, extending the company’s reach in Nevada.

American Traffic Solutions Parent Acquires Toll Management Company

The corporate parent of toll management fleet services provider American Traffic Solutions (ATS) has acquired a Miami-based toll collection company and a European traffic fee company, according to a release.

Icahn Selling Federal-Mogul to Tenneco

Icahn Enterprises L.P., the parent company of Icahn Automotive Group LLC, is selling auto parts maker Federal-Mogul LLC to Tenneco Inc. for $5.4 billion. Tenneco plans to split Federal-Mogul into two entities.

Dana Merges with UK Automotive Supplier

Dana Inc. has signed an agreement to merge with the Driveline division of UK-based automotive system supplier GKN plc to create Dana plc, a global provider of driveline systems, in a move that will position it for the vehicle electrification market.

Copart Acquires Finnish Salvage Auction AVK

Salvage auction specialist Copart has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland, the company announced.