Volkswagen Traton is taking over the American truck builder Navistar. That is what the two companies agreed. Traton, which is also publicly traded, already had a 16.8 percent stake in Navistar. For the remaining shares, the company pays 44.50 per share. That brings the take-over sum to 3.7 billion dollars.
Traton already owns truck and busmaker MAN, the Swedish truck manufacturer Scania and the Brazilian Volkswagen Caminhões e Ônibus. In addition, the company has a digital platform for logistics services.
The acquisition of Navistar was recently identified as a priority by Volkswagen-boss Herbert Diess. With the purchase, Traton will have direct access to the North American market. This should enable the VW daughter to fight more effectively with branch rivals such as Daimler and Volvo Trucks.