Mergers, acquisitions, disposals or related corporate transactions in relevant markets.
HF Sinclair plans lubricants spin-off and Mississauga refinery closure
HF Sinclair plans to spin off its Lubricants & Specialties business as a standalone listed company and retire its Mississauga base-oil refinery in 2027. The business will retain Ontario R&D, blending, packaging and logistics operations, supported by new base-oil supply agreements.
Amerit acquires Kirk NationaLease and Truck & Trailer Parts Solutions
Amerit Fleet Solutions has acquired Kirk NationaLease and Truck & Trailer Parts Solutions, adding 19 repair shops and expanding contract maintenance, mobile service, upfitting and fleet-support capabilities.
Toyota to become equal owner of cellcentric with Volvo and Daimler Truck
Toyota will acquire a one-third stake in cellcentric, making it an equal shareholder alongside Volvo Group and Daimler Truck. The partners aim to expand hydrogen fuel-cell production and technology for heavy-duty commercial vehicles, subject to regulatory approval.
ITE Management acquires NACPC to expand North American chassis platform
ITE Management has acquired NACPC, adding more than 20,000 chassis and expanding its North American leasing platform to over 60,000 assets. NACPC, Milestone Chassis and Trend Intermodal will retain their brands during integration.
Einride to acquire Flipturn and expand heavy-duty EV charging network
Einride will acquire charging and energy-management software company Flipturn for $38.4 million in stock. The deal adds more than 250MW of charging capacity and strengthens Einride’s integrated software and charging offering for electric heavy-duty freight.
Custom Fleet takes majority stake in Carbn to expand shared mobility
Custom Fleet has become majority shareholder in New Zealand mobility provider Carbn, adding EV sharing and connected-mobility capabilities. It plans to integrate the services with fleet management and explore expansion into Australia.
Teletrac Navman completes acquisition by Respida Capital
Teletrac Navman has completed its acquisition by Respida Capital, becoming a standalone private company. Former parent Vontier retains a minority stake, while the fleet-management provider plans further product and geographic expansion.
Nexar and Nauto agree merger to expand AI-powered fleet safety intelligence
Nexar and Nauto have agreed to merge, combining more than 10 billion miles of driving data with AI-powered fleet safety expertise. The companies say the enlarged dataset will improve risk, roadway and operational intelligence for fleets, insurers, automakers and autonomous-vehicle developers.
Swarco acquires UK road-marking firm Hi-Way Services
Austrian traffic technology group Swarco has acquired UK road-marking and high-friction-surfacing specialist Hi-Way Services. The completed deal expands Swarco’s UK operations, with Hi-Way’s managing director continuing to lead the business.
Rush Enterprises acquires Peterbilt of Louisiana dealerships
Rush Enterprises has acquired Peterbilt of Louisiana, adding five full-service dealerships, a collision centre and a PacLease operation in Baton Rouge, Houma, Lafayette, Lake Charles and New Orleans. The assets will form its new Gulf South Region.
Inspiration Mobility acquires Electrada assets to expand fleet electrification
Inspiration Mobility has acquired Electrada’s team, project pipeline, charging-depot development capabilities, intellectual property and energy-management software to expand turnkey electrification services for US commercial fleets.
Carvana expands into US new-vehicle retail with seven franchises
Carvana has acquired seven primarily Stellantis new-vehicle franchises across the US, including a high-volume Arizona dealership. The move could disrupt the franchised dealer model while expanding Carvana’s revenue and used-vehicle sourcing opportunities.
SpaceX executive says possible Tesla tie-up could ease Musk’s workload
SpaceX COO Gwynne Shotwell has not ruled out a future tie-up with Tesla, saying the companies’ shared resources and goals could support a combination. She said her immediate focus remains SpaceX’s operations, while noting that M&A will continue to shape the AI sector.
First Hydrogen advances robotics acquisition
First Hydrogen has advanced a proposed robotics acquisition, has incorporated First Humanoid Corp., and has secured related domain names and intellectual property, and has positioned itself within robotics, actuation and AI-enabled mobility markets.
Holman expands US dealership footprint through acquisitions and new openings
Holman outlines its deliberate retail expansion strategy, highlighting the 2024 Leith dealership acquisition and 2026 openings in Florida and Washington. The privately owned group now operates more than 60 dealerships representing 34 brands across nine US states.
Geely finalises takeover of Radar Auto for US$32m
Geely Auto has acquired the remaining equity of Radar Auto for about RMB218 million (US$32 million) and has integrated the brand into its China Star pickup planning to accelerate its global new-energy pickup expansion.
Monomyth Materials acquires NanoGraf for silicon-anode and graphite platform
Monomyth Materials has acquired NanoGraf’s assets, combining its SiOx silicon-anode technology with a domestic synthetic-graphite business. The deal creates M2Innovations for advanced battery materials and prototype cells, while M2Graphite targets commercial-scale production.
SCHURTER acquires majority stake in Biaodi
SCHURTER has completed the acquisition of a majority stake in Biaodi, a China-based developer of high-voltage circuit protection for electric vehicles and energy applications, and has indicated plans to scale Biaodi’s business outside China via its manufacturing and distribution network.
Nivalis acquires SolarEdge e-Mobility to expand electrified trailer systems
Nivalis Energy Systems has acquired SolarEdge e-Mobility, gaining engineering and R&D capabilities for battery, solar and regenerative e-axle systems while enabling expansion of its electrified refrigerated-transport business into Europe.
Descartes acquires AI-powered fleet safety platform Idelic for $28m
Descartes has acquired fleet safety platform provider Idelic for $28m, adding AI-driven driver-risk prediction, training and safety data to its Fleet Data Intelligence platform.
Sow Good agrees $107m acquisition of Tanzania graphite project
Sow Good has agreed to acquire Tanzania’s Nachu graphite project in a $107m all-share deal, pivoting the candy maker into battery-anode materials. The permitted project has not begun construction and would supply graphite for battery markets if developed.
Porsche exits Bugatti Rimac with sale to investor consortium
Porsche has agreed to sell its 45% stake in Bugatti Rimac and has divested its 20.6% holding in Rimac Group to a consortium led by HOF Capital and BlueFive, after which Rimac Group has assumed full operational control.
PlusAI terminates SPAC-backed business combination with Churchill Capital IX
PlusAI and Churchill Capital IX have terminated their planned SPAC-backed business combination, citing market conditions. The autonomous trucking technology company says existing investors continue to support its growth and commercialisation plans.
AtkinsRéalis to acquire WGA in ANZ engineering deal
AtkinsRéalis has agreed to acquire Wallbridge Gilbert Aztec, combining global engineering scale with Australia and New Zealand regional expertise to expand technical capability and pursue infrastructure and renewable energy programmes, subject to shareholder, court and regulatory approvals.
Einride files for Nasdaq listing at $1.35bn valuation
Einride has filed a Form F-4 for a SPAC merger valuing it at $1.35bn and has announced a plan to deploy 75 electric heavy-duty trucks for Amazon; audited 2025 revenue has risen and expected ARR has been reported.
US dealership consolidation accelerates as family retailers sell to larger groups
US automotive dealership consolidation is accelerating, with larger groups acquiring family-owned retailers as owners face succession pressures, rising competition and the need for greater scale. The top 150 dealers accounted for 27% of retail and fleet new-vehicle sales in 2025.
Milepost acquires 250 AC chargers from Mer in Sweden
Milepost has acquired 250 AC charging points from Mer across Sweden, has strengthened its AC footprint while Mer has refocused on DC fast charging, and has aimed to complete integration of the sites by early summer 2026.
Monta acquires Vourity EV charging software customer contracts
Monta has acquired Vourity’s EV charge point management software customer contracts from ABB E-mobility, expanding its CPMS presence in Northern Europe. The customers will transition to Monta’s platform as part of the company’s European consolidation strategy.
BYD Considers Canadian Manufacturing and Acquisitions
BYD has indicated it has considered building a wholly owned Canadian manufacturing plant and has said it has been open to acquiring struggling legacy manufacturers as part of its international expansion strategy.
Electreon completes acquisition of wireless charging provider InductEV
Electreon has completed its acquisition of US wireless-charging specialist InductEV, combining dynamic and stationary charging technologies for passenger vehicles, vans, buses and heavy-duty freight vehicles.
Vista Equity acquires Omnitracs; Omnitracs to buy Roadnet
Vista Equity Partners has acquired Omnitracs for $800m, and Omnitracs has announced plans to acquire Roadnet, creating a combined platform that has been reported to serve about 3,800 customers and manage over 500,000 vehicles across 60 countries.
ERF and IRF advance unification under IRF name
ERF and IRF have advanced their unification and have entered a formal transition, with final ratification expected in May–June 2026 and full operational integration scheduled for 1 January 2027 under the IRF name.
Holyvolt acquires Wildcat to scale battery materials
Holyvolt has completed a $73 million acquisition of Wildcat and has combined Wildcat's high‑throughput materials discovery platform with Holyvolt's screen‑printing, water‑based production process to align materials R&D with scalable, lower‑capital battery manufacturing.
Harbinger acquires Phantom AI to add ADAS capabilities to its vehicles
Harbinger has acquired autonomous-driving company Phantom AI and will integrate its computer-vision technology into medium-duty vehicles. The technology will support features including emergency braking, adaptive cruise control and lane keeping, while ZF plans to license it for passenger-car ADAS.
Harbinger acquires Phantom AI and licenses its computer-vision technology
Harbinger has acquired autonomous-driving specialist Phantom AI and agreed to license its computer-vision technology to ZF. Harbinger will integrate Level 2 ADAS features into medium-duty electric and hybrid vehicles from 2026, while ZF applies the technology to passenger-car products.
EXEDY to acquire UK in-wheel motor developer Protean Electric
Japan’s EXEDY has approved the acquisition of UK-based in-wheel motor developer Protean Electric for JPY 5.17 billion, strengthening its electrification technology portfolio. The transaction is expected to close on 26 February 2026.
AscendTMS acquires LoadPilotTMS in first deal
InMotion Global, owner of AscendTMS, has acquired LoadPilotTMS and will migrate its SMB customers to AscendTMS as the legacy platform closes. The company is pursuing further acquisitions and plans to expand its M&A team.
Uber to acquire parking reservation app SpotHero
Uber will acquire SpotHero and integrate its parking-reservation service into the Uber app, covering venues, airports and other destinations. The deal, subject to regulatory approval, is expected to close in the first half of 2026.
John Deere Completes Acquisition of Tenna
Deere & Company has completed its acquisition of Tenna, which has been retained as an independent business under the Tenna tradename and has been positioned to scale its mixed‑fleet customer model for construction clients.
NOVONIX sells battery testing division to refocus on synthetic graphite
NOVONIX is selling its Battery Technology Solutions division in Nova Scotia, Canada, to founder and former CEO Chris Burns for $1, retaining a 15% stake in its cathode business as it focuses on synthetic graphite.
STMicroelectronics completes NXP MEMS acquisition
STMicroelectronics has completed the acquisition of NXP's MEMS sensor business, has secured regulatory approvals and has added MEMS product lines expected to contribute about $45m in revenue from the first quarter of 2026.
ams OSRAM agrees €570m sale of sensor business to Infineon
ams OSRAM has agreed to sell its non-optical analogue and mixed-signal sensor business to Infineon for €570m. The automotive, industrial and medical sensor unit generated about €220m in 2025 revenue, with completion expected in Q2 2026.
S&P Global renames mobility unit ahead of planned spin-off
S&P Global will rename its automotive data and insights division Mobility Global as it prepares to spin it off as an independent public company, subject to regulatory approvals and other conditions.
MiddleGround acquires Pi Innovo for integration into New Eagle platform
MiddleGround Capital has acquired vehicle-control specialist Pi Innovo from Dana and plans to integrate it into New Eagle. The combination will expand ECU, software, functional-safety and cybersecurity solutions for electrification, clean-fuel and specialty-mobility programmes.
Fleetio reports 2025 fleet-platform gains and expands connected maintenance services
Fleetio reports H2 2025 growth, AI automation adoption and expanded maintenance-network support in the US and Canada. Its Auto Integrate acquisition and Motive integration extend connected maintenance workflows, while Nick Izquierdo becomes Auto Integrate president.
Geoforce acquires AssetLink Global to expand connected asset tracking
Geoforce has acquired AssetLink Global, combining satellite communications, sensor hardware and remote-monitoring capabilities with Geoforce’s SaaS asset-management platform and GPS tracking devices.
Alibaba and Zelos reportedly plan $2bn autonomous delivery merger
Alibaba is reportedly merging Cainiao’s autonomous-driving unit with China’s Zelos Technology to form a roughly $2bn autonomous delivery business. The proposed entity could operate more than 20,000 Level 4 robovans, although the deal has not been officially confirmed.
Repairify and Opus IVS plan to combine automotive diagnostics businesses
Repairify and Opus IVS plan to combine their diagnostics businesses, subject to regulatory approval, bringing together remote OEM diagnostics, hardware engineering and software platforms under Brian Herron’s leadership.