The Company is recognized as a trusted partner to the dealer community for which it provides category-defining products and service, and it has established a leading online presence selling directly to consumers through. Through superior engineering and innovation, established customer relationships, and strategic acquisitions, Truck Hero has grown rapidly and today is the undisputed leader in its core products and channels. Terms of the transaction were not disclosed.įounded in 2007, Truck Hero is the industry-leading innovator, manufacturer, and marketer of branded functional truck and Jeep accessories that enhance the experience for consumers’ daily activities and enthusiast lifestyles. CCMP, among other shareholders, and Truck Hero’s founding Chief Executive Officer, Bill Reminder, will remain meaningful investors in the Company. The consortium includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as well as Mubadala Investment Company and StepStone Group Inc. L Catterton and CCMP Capital announced that they have entered into a definitive agreement under which a consortium led by L Catterton and its affiliates will acquire a controlling interest in Truck Hero®, Inc., the leading provider of functional aftermarket accessories for pickup trucks and Jeep® vehicles. Nikola shares plummet after wide-scale electric truck recall.TVS & BMW Motorrad: 10 years of global partnership.Bannix acquires autonomous vehicle patents from GBT Technologies.Connected vehicles boost electric vehicle adoption.Why high compute, low latency and low power are key to full autonomy.VinFast valued higher than Ford and GM in Nasdaq debut.Lord’s automotive unveils 8 advanced EVs.Yuma opens battery swapping station in Delhi.Skoda Auto Volkswagen India exports 600,000 cars.ADAS can prevent 37M crashes in 30 years.City of Orlando launches autonomous shuttle pilot with Beep and LYNX.Horizon Robotics partners with Aptiv and Wind River. Mirae Asset acquires shares of Mobileye.Automotive Ethernet market analysis 2023-2030.GPS tracking device market to reach $7.4 billion by 2031.Avanci introduces 5G connected vehicle licensing program.
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