Daimler Trucks, a division in the Daimler Group, and Torc Robotics, a pioneer in autonomous driving solutions, are joining forces in a one-of-a-kind combination to commercialise highly automated trucks (SAE Level 4) on U.S. roads.
The companies have signed an agreement whereby Daimler Trucks and Buses Holding Inc. will acquire a majority stake in Torc Robotics for an undisclosed sum. Closing of the acquisition is subject to approval from U.S. authorities.
“Bringing Torc Robotics within the Daimler Trucks family creates a unique and powerful team of innovators to put highly automated trucks on the road,” said Martin Daum, Member of the Board of Management Daimler AG, responsible for Trucks and Buses.[Read more…] about Daimler Trucks set to acquire majority stake in Torc Robotics