Metro Pacific Tollways Corporation (MPTC) has signed an agreement to sell 10.32% stake in its Indonesian unit, which operates toll road concessions, to a group of Japanese investors for $35m.
IndInfravit Trust has completed the acquisition of eight operational road assets from Sadbhav Infrastructure Project for INR63bn (approximately $834m).
Telecom firm Nokia has delivered an Internet of Things (IoT)-based highway landslide monitoring and early warning system for Chinese highways operations management company BGIGC Group.
DXC Technology subsidiary Luxoft has signed an agreement to acquire CMORE Automotive, a German firm that focuses on the development of AI-driven mobility concepts.
Nikola, a US-based company that develops zero-emission vehicles, has signed a definitive agreement to merge with VectoIQ.
RoadSafe Traffic Systems in the US has acquired A Cone Zone, a traffic management equipment and services provider located in California.
India-based Reliance Infrastructure group has secured in-principle approval from the National Highways Authority of India (NHAI) for the sale of the Delhi-Agra toll road to Singapore-based Cube Highways and Infrastructure...
ABB is set to acquire a 67% stake in Shanghai Chargedot New Energy Technology (Chargedot), a Chinese e-mobility solution provider.
In collaboration with Hyundai Mobis, US-based Velodyne LiDAR is set to launch a new lidar-based advanced driver assistance system (ADAS) for autonomous vehicles.
Canadian investor Caisse de depot et placement du Quebec (CDPQ) has reportedly secured a deal to buy Indian road asset Highway Concessions One (HC1) for Rs24bn ($336m).