Edelweiss Infrastructure Yield Plus (YIELD+), an alternative investment fund (AIF) managed by Edelweiss Alternative Asset Advisors (EAAA), has announced the acquisition of two annuity road assets from Navayuga Group.
Zero-emission vehicle developer Nikola has completed its previously announced merger with VectoIQ, a special purpose acquisition company.
Chipmaker Intel has acquired Israel-based mobility-as-a-service (MaaS) solutions company Moovit for nearly $900m.
Veoneer has entered a non-binding agreement with Volvo Cars to split their 50/50 joint venture Zenuity following a strategic review.
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.