Truck News


Keyword
acquisitions


  • News Equipment

    TIP gets green light to buy Trailer Wizards

    November 20, 2019 6:08AM by Truck News

    TORONTO, Ont. – TIP Trailer Services has announced its acquisition of Trailer Wizards has received a no-action letter from Competition Bureau Canada, allowing the deal to proceed. The deal, struck Sept. 4, is expected to close in January 2020, according

  • News Equipment

    XL buys Quantum Fuel’s EV division

    October 15, 2019 9:12AM by Truck News

    BOSTON, Mass. – XL has announced its acquisition of Quantum Fuel’s electrification division, and the hiring of a new CEO. As part of the transaction, XL adds Quantum Fuel System’s electric vehicle division engineering staff and technology assets. The company

  • Kriska buys Trailwood Transport, Nexus

    October 2, 2019 7:47AM by Truck News

    PRESCOTT, Ont. – Kriska Transportation Group (KTG) has acquired Trailwood Transport and Nexus Freight, both operating out of Alliston, Ont. The two fleets will continue to be led by general manager Lorie Thompson and their current management teams. Former Trailwood

  • GTI expands in U.S.

    May 13, 2019 9:38AM by Truck News

    MONTREAL, Que. – GTI Transport Solutions has announced its expansion in the U.S., through the acquisition of Jetco. Jetco is based in Houston, Texas and specializes in flatbed, heavy-haul, intermodal, logistics and specialized loads. GTI says the acquisition will allow

  • News Equipment

    Allison makes pair of electric vehicle technology acquisitions

    April 23, 2019 9:57AM by Truck News

    INDIANAPOLIS, Ind. – Allison Transmission has announced it has purchased Vantage Power and AxleTech’s electric vehicle systems division, to complement its electrification strategy. The company says both acquisitions will help it advance its propulsion technology and complement its existing abilities

  • TFI continues U.S. growth through acquisitions

    April 17, 2019 11:29PM by Truck News

    MONTREAL, Que. – TFI International’s U.S. last mile division, TForce Final Mile, has taken over select assets of BeavEx and its affiliates, Guardian Medical Logistics (GML), JNJW Enterprises, and USXP. The companies were obtained through a deal approved by the

  • News Equipment

    Truck-Lite acquires Lumitec

    April 12, 2019 10:16AM by Truck News

    FALCONER, N.Y. – Truck-Lite has announced its acquisition of Lumitec, a supplier of LED lighting for the marine industry. “Lumitec’s reputation speaks for itself as one of the most trusted lighting suppliers among both boat OEMs and end users,” said Brian Kupchella,

  • Day & Ross expands U.S. operations

    April 2, 2019 7:17AM by Truck News

    HARTLAND, N.B. – Day & Ross has expanded its U.S. footprint with the acquisition of A&S Kinard and Buckler Transport. The acquisition makes Day & Ross one of the top 10 suppliers of dedicated services in North America, according to

  • ZF to acquire Wabco in blockbuster deal

    March 28, 2019 9:14AM by Truck News

    FRIEDRICHSHAFEN, Germany – ZF has signed a definitive agreement to acquire Wabco, forming an integrated systems provider for commercial vehicle technologies with annual sales totaling about US$45 billion. The deal is valued at about US$7 billion. Wabco is a global

  • CN finalizes TransX acquisition

    March 22, 2019 1:27PM by Truck News

    WINNIPEG, Man. – CN has announced it has closed its acquisition of The TransX Group of Companies. The deal was first announced on Oct. 30, 2018. “We are pleased to have concluded this important transaction that allows us to deepen

  • GTI buys Precision Specialized Division

    February 11, 2019 10:52AM by Truck News

    WOODBRIDGE, Ont. – GTI Transport Solution has announced it is acquiring Precision Specialized Division, a division of Precision Truck Lines. Precision Specialized focuses on open-deck and heavy-haul transportation, which are also the specialties of GTI Transport Solution. All employees and

  • Kriska acquires Icon Transportation

    February 11, 2019 7:37AM by Truck News

    PRESCOTT, Ont. – Kriska Transportation Group has announced its acquisition of Icon Transportation Logistics (ITL) out of Puslinch, Ont. The company will continue to be led by general manager Alen Delija and its current management team. “ITL is a great

  • Trimac acquires B&B/Bess Tank Lines

    January 22, 2019 8:01AM by Truck News

    CALGARY, Alta. – Trimac Transportation has announced it has acquired B&B/Bess Tank Lines, a family-run bulk transportation company with roots in Quebec and Alberta. B&B was founded in 1976, and with Bess Tank Lines, operates more than 110 tractors and

  • News Equipment

    SAF-Holland buys PressureGuard

    January 21, 2019 2:46PM by Truck News

    MUSKEGON, Mich. – SAF-Holland has acquired a majority stake in trailer tire pressure management specialist, PressureGuard. The company says the acquisition adds a key element to its line, in advanced digital smart products for trailer applications. SAF-Holland now owns 51%

  • Day & Ross makes western acquisition

    December 14, 2018 8:53AM by Truck News

    OKOTOKS, Alta. – Day & Ross has announced it has purchased Alberta-based Stonehammer Transport. “This acquisition in Western Canada is a significant complement to our eastern flatbed fleet, bolstering our national network to better serve our customers,” said Bill Doherty, CEO.