M&A Deal Summary

Daimler Trucks and Buses Holding Acquires TORC Robotics

On March 29, 2019, Daimler Trucks and Buses Holding acquired technology hardware company TORC Robotics

Acquisition Highlights
  • This is Daimler Trucks and Buses Holding’s 1st transaction in the Technology Hardware sector.
  • This is Daimler Trucks and Buses Holding’s 1st transaction in the United States.
  • This is Daimler Trucks and Buses Holding’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-03-29
Target TORC Robotics
Sector Technology Hardware
Buyer(s) Daimler Trucks and Buses Holding
Deal Type Add-on Acquisition

Target

TORC Robotics

Blacksburg, Virginia, United States
Torc Robotics offers a complete autonomous software solution for mobility applications including self-driving cars and transit vehicles by working with partners in automotive, transit and technology. Torc also provides self-driving technology in safety-critical applications, including defense, mining, and agriculture.

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Buyer(S) 1

Buyer

Daimler Trucks and Buses Holding

Portland, Oregon, United States
Category Company
Sector Automotive
DESCRIPTION

Daimler Trucks is the pioneer of truck automation. Its global business includes not only Daimler AG in Germany, but other companies worldwide, including Daimler Trucks North America LLC in the U.S. In 2014, the world’s leading truck manufacturer presented the Mercedes-Benz Future Truck 2025, the world’s first automated truck, and was the first to demonstrate the technological opportunities and great potential that automated trucks offer the economy and society.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Daimler Buses Orion Aftermarket Parts

Canada

Daimler Buses Orion Aftermarket Parts supplier of parts required by DBNA for customer warranty support, under Orion bus purchase contracts and pre-closing parts contracts.

Sell $29M
Mergr

Product

Company

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