Navistar now fully merged with Traton Group

The Traton Group, which includes truck brands MAN and Scania, has completed the merger between itself and United States commercial vehicle manufacturer Navistar. The Traton Group now holds all Navistar common shares. Navistar was delisted and deregistered with the SEC in July.

A strategic alliance has been in place between Traton and Navistar since 2017, with both partners benefiting from the considerable value generated by enhanced purchasing power and the integration of new technologies. As a new brand of the Traton Group, Navistar will be in a better position to meet the growing requirements of the market and to improve its customer offering further, especially with respect to the transition to electric mobility and the establishment of autonomous driving.

“Today is a sensational day for the Traton Group and for our new colleagues at Navistar joining the global Traton family. From this day on, we will be working side-by-side to bring sustainable transportation of the future one step closer. This is something the entire group is looking forward to,” said Traton CEO Matthias Gründler.

“The fact that this merger has been implemented so quickly and smoothly, despite the obstacles presented by the Covid-19 pandemic, is testament to the impressive teamwork on both sides of the Atlantic. I would like to thank each and every one involved,” he added.

Navistar president and CEO Persio Lisboa said: “Over the past five years, Navistar and the Traton brands have worked very well together, and it is exciting to become now part of the global Traton Group.

“Our common understanding of the future of transportation and our joint heritage create a very solid basis for our common way forward. The transport industry is changing rapidly. And, together, we will shape this change for the sake of our customers. The Navistar team is ready for the next step of collaboration.”

Combining Traton’s leading position in the European and South American markets with Navistar’s strong presence in North America lays the foundation for a premier company with a global reach and complementary capabilities. The purchase price was approximately US$3.7 billion (NZ$5.3 billion).