Volkswagen, which entered the heavy commercial world quickly, acquired Navistar, the US truck manufacturer.
Navistar of the USA, a well-established company founded in 1902, stands out with its bus and truck production. The company's products meet customers through more than 60 sales networks in 90 countries around the world.
German automaker Volkswagen, wanting to step firmly into the heavy commercial world, tried to buy Navistar twice before, but this demand of the brand was met negatively.
AGREED
The German brand has now achieved its goal and acquired Navistar for $ 3.7 billion through its heavy commercial brand Traton.
Volkswagen's heavy commercial brand Traton currently owns 17 percent of Navistar. Under the deal, Traton will pay $ 44.50 per remaining 83 percent share. The deal is expected to be completed by the end of 2021.
It is worth remembering that the heavy commercial sector of North America is a serious market. Navistar, one of the most important names in this market, will connect Europe and the USA together with Scania and MAN, which are affiliated with Volkswagen.
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