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Forsee Power achieved EBITDA break-even in 2024, amid turnover drop

Forsee Power announces achievement of the 2024 target of EBITDA break-even, highlighted also during our visit at the company’s plant in Poitiers, France in July 2024 (the plan is for a projected 15% positive EBITDA by 2028). Overall, Forsee Power’s batteries now equip over 4,200 buses and more than ...

New Flyer will source axles from MAN for another five years

New Flyer will be relying on MAN-made bus axles for another five years (until the end of 2029). The order “includes several thousand axles and spare parts worth over 200 million US dollars“, MAN states. The contract includes VOK-08 front axles and the HY-1350 rear axle series. The axles ...

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Compressor manufacturer GEA Bock sold: now operates as Bock GmbH

The sale process of the compressor manufacturer GEA Bock GmbH to the international financial investor NORD Holding has been concluded: now, following the spin-off from GEA Group, the compressor manufacturer will be operating on the market as an independent company under the new name Bock GmbH.  The ...

BorgWarner to take over battery system manufacturer Akasol

BorgWarner is to take over battery manufacturer Akasol. This morning Akasol and BorgWarner announced «the companies have signed a Business Combination Agreement to enter into a strategic partnership and BorgWarner will launch a voluntary public takeover offer». The US-based group is then set to acqu...
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