The Board of Directors of the National Competition Commission (CONACOM) has reached a decision, through Resolution D/AL No. 05/2022 issued on February 2 of the current year, to authorize the economic concentration operation consisting on the acquisition of assets of NAVISTAR INTERNATIONAL CORPORATION by TRATON S.E. (subsidiary of the Volkswagen Group).
Manuel Arias, Partner, Andres Nasser, Senior Associate, and Camila Solalinde, Associate, advised TRATON S.E. in the process of notification to CONACOM about the concentration operation, consisting on the acquisition of the share package of Navistar International Corporation Inc., which operates in the market for school and passenger buses (IC Bus), and large trucks (International Trucks) in addition to MWM brand motors for industrial and maritime uses, generator sets, among others. The acquirer, TRATON S.E., produces and owns passenger and freight transport vehicles of the renowned brands Scania, MAN, and Volkswagen Caminhões e Ónibus.
The aforementioned process was notified and approved in more than 20 jurisdictions around the world, including Germany, Denmark, United States, Canada, Mexico, Saudi Arabia, South Africa, Brazil, Colombia and Uruguay, evidencing the global scale and scope of the companies involved