{"id":72195,"date":"2026-08-14T05:06:30","date_gmt":"2026-08-14T05:06:30","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/72195\/"},"modified":"2026-08-14T05:06:30","modified_gmt":"2026-08-14T05:06:30","slug":"traton-closes-on-merger-of-navistar-business","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/72195\/","title":{"rendered":"Traton closes on merger of Navistar | Business"},"content":{"rendered":"

The $3.7 billion merger of Navistar by Volkswagen\u2019s truck unit the Traton Group has officially closed.<\/p>\n

As a result, the Traton Group now owns all the common shares of Navistar. This follows a proposal that was approved by stockholders in March that called for Traton to acquire those shares at a price of $44.50 per share in cash or $3.7 billion in total.<\/p>\n

The planned merger was announced last year and the official closing was Thursday. Representatives of Navistar said that the merger will accelerate the truck manufacturer\u2019s growth, providing it with access to new technologies, products and services while taking advantage of Traton\u2019s global scale.<\/p>\n

Traton closes on merger of Navistar<\/a><\/p>\n

Navistar is a major employer in Clark County and has a manufacturing facility in Springfield, which builds medium-duty trucks as well as cutaway vans for General Motors.<\/p>\n

Mike McDorman, the president and CEO of the Greater Springfield Partnership, previously told this news organization that he wants to see continued growth at the Springfield plant and his organization will work to establish a relationship with Traton.<\/p>\n

Clark County Commissioner Melanie Flax Wilt previously told the News-Sun that Navistar has had a major presence in the county for decades.<\/p>\n

She said that a lot of families in the area rely on employment from or have a connection to Navistar.<\/p>\n

\u201cIt is always important for us to have a relationship with the businesses here. Whatever we can do as a community to make the new owner feel welcome we will do that,\u201d Wilt said last year.<\/p>\n

Traton closes on merger of Navistar<\/a><\/p>\n

Both Navistar and Traton have worked with each other for the past five years.<\/p>\n

However, the merger will put Navistar in a better position to meet the growing requirements of the market and to improve its customer offering, especially with respect to the transition to electric mobility and the establishment of autonomous driving, according to a news release from the truck manufacturer.<\/p>\n

\u201cOur 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 \u2013 for the sake of our customers. The Navistar team is ready for the next step of collaboration.\u201d said Navistar CEO Persio Lisboa.<\/p>\n

\u201cThe 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 team work on both sides of the Atlantic. I would like to thank each and every one involved,\u201d said Traton CEO Matthias Gr\u00fcndler.<\/p>\n","protected":false},"excerpt":{"rendered":"The $3.7 billion merger of Navistar by Volkswagen\u2019s truck unit the Traton Group has officially closed. As a…\n","protected":false},"author":2,"featured_media":72196,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21168],"tags":[30298,94,53731,30294,30295,30296,30292,21188],"class_list":["post-72195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-traton","tag-b2bnewsletter","tag-business","tag-ddn-app","tag-snshomepage","tag-snshptop","tag-snsnewslettertop","tag-springfield","tag-traton"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/72195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=72195"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/72195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/72196"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=72195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=72195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=72195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}