Daimler Trucks acquires majority stake in Torc Robotics

Daimler Trucks has acquired a majority stake in Torc Robotics in a bid to commercialise highly automated trucks operating at SAE Level 4 on US roads. Roger Nielsen, CEO of Daimler Trucks North America (DTNA), says: “Torc’s Level 4 system has been shown to operate well for both urban and highway driving in rain, snow, fog, and sunshine.” Martin Daum, member of the board of management at Daimler, says the deal will combine the company’s truck hardware with Torc’s “agile software development”. Torc i
April 11, 2019 Read time: 2 mins

2069 Daimler Trucks has acquired a majority stake in Torc Robotics in a bid to commercialise highly automated trucks operating at 567 SAE Level 4 on US roads.

Roger Nielsen, CEO of Daimler Trucks North America (DTNA), says: “Torc’s Level 4 system has been shown to operate well for both urban and highway driving in rain, snow, fog, and sunshine.”

Martin Daum, member of the board of management at Daimler, says the deal will combine the company’s truck hardware with Torc’s “agile software development”.

Torc is expected to work closely with DTNA’s research and development team in Portland, Oregon, where DTNA focuses on further evolving automated driving technology and vehicle integration for heavy-duty trucks.

Torc will continue to develop its Asimov self-driving software and testing at its facility in Blacksburg, Virginia.

The company will retain its name, team, existing customers and facilities in Blacksburg. The closing of the deal is subject to approval from US authorities.

Networking & Communication Systems

For more information on companies in this article

Related Content

  • Moovit raises $50m to expand urban mobility operating system
    February 26, 2018
    Israel-based Transit app developers Moovit App Global has closed a $50m (£35m) Series D round led by Intel Capital. The funds will be used to expand its global sales team, enhance its consumer products to support user growth and invest in its Mobility as a Service Platform. Additionally, professor Amnon Shashua, senior vice president of Intel and CEO / CTO of Mobileye, will join Moovit’s board of directors as an observer. The app is said to provide transit information to more than 120 million users i
    Read More
  • VW and partners to bring EV autonomous ride-hailing service to Israel
    November 2, 2018
    Volkswagen (VW), Mobileye and Champion Motors are to deploy a self-driving taxi service in Israel over the next four years. Operating under the name ‘New Mobility in Israel,’ the service is being tested as part of a Mobility as a Service (MaaS) model which uses autonomous electric vehicles (EV). Mobileye, an Intel company, will equip VW’s EVs with a level-4 autonomous vehicle kit – a driverless solution which consists of hardware, driving policy, safety software and map data. Champion Motors, an Isr
    Read More
  • Parsons acquires Delcan
    April 2, 2014
    US-based transportation planning, engineering, and construction company Parsons has expanded its global transportation operations with the acquisition Delcan, an international multidisciplinary engineering, planning, management, and technology firm that provides a broad range of integrated systems and infrastructure solutions to the transportation market. Delcan is a strategic addition to Parsons and signals the firm’s intent to expand its geographic footprint in transportation, one of the corporation’
    Read More
  • Tracis acquires Datasys
    May 19, 2014
    A Manchester firm that specialises in software for the transport industry has been acquired by listed Leeds group Tracsis in a cash and shares deal worth US$7.5 million. Datasys, which employs 17 staff, provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies, such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. Tracsis believes that the products, services and development capabilities of Da
    Read More

Highlighted Content