Skip to main content

Market Overview

Volkswagen's Traton Acquires Truck Company Navistar For $3.7B

Volkswagen's Traton Acquires Truck Company Navistar For $3.7B

Traton SE has paid $3.7 billion to acquire the US truck company Navistar International Corp. (NYSE: NAV).

What Happened: Traton SE, Volkswagen AG's (OTC: VLKAF) truck division, will acquire $3.7 billion worth of outstanding shares of Navistar International Corp. stock, Reuters reported Saturday.

This adds to the existing 16.7% stake Traton has in the company.

The deal, finalized in October, brings Navistar's valuation to $4.4 billion, $44.50 per share, and will help Volkswagen's truck unit expand its brand in North America.

Why It Matters: The deal marks an ongoing attempt of the truck industry to find a way to bear the cost of low emissions technology, according to Reuters.

Price Action: Navistar shares traded 0.46% higher, at $43.57 in the after-hours markets following news of the finalization of the deal. 

Volkswagen AG shares in the U.S. closed at $172.10 on Friday, down 0.67%.

Image Source: Navistar


Related Articles (NAV)

View Comments and Join the Discussion!

Posted-In: Trucks Volkswagen AGM&A News Global Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at