TRATON and Navistar Reach Definitive Agreement for Acquisition of Navistar
Nov. 9 2020
News
Southwest International is eager to be part of such a historical acquisition between TRATON, a global leader in commercial vehicle manufacturing, and our parent company, Navistar International. Navistar has announced their entrance into a definitive merger agreement to be acquired by TRATON for $44.50 per share.
This alliance began in 2017. Since then, both TRATON and Navistar have continued to benefit through increased purchasing power, shared integration, and new technologies. Navistar's significant footprint in North America will be a compliment to the major power TRATON has become in Europe and South America, creating a global company that is well-positioned to enhance the brand performance, innovation, and capabilities of both companies.
Read more from Navistar's official announcement here.
Southwest International will continue business as usual as Navistar finalizes this transaction. Throughout these changes, we will continue to provide quality service and products. Our customers continue to be our top priority.