The Shyft Group Acquires XL Fleet
January 4, 2023
The Shyft Group, Inc. completed the acquisition of XL Fleet, integrating XL Fleet technical talent, equipment and a 24,655-square-foot Wixom, Michigan technology center into Shyft’s EV-focused Blue Arc business. The acquisition includes assuming a short-term lease on the Wixom facility and supporting completion of a Department of Defense pilot development agreement to advance fleet electrification and drivetrain technology.
- Buyers
- The Shyft Group, Inc.
- Targets
- XL Fleet
- Sellers
- Spruce Power
- Industry
- Automotive
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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