# Daimler Trucks agrees to acquire majority stake in Torc Robotics

Daimler Trucks agreed to acquire a majority stake in Torc Robotics to develop automated truck technology. The announcement was made on March 29, 2019.

- Type: Acquisition
- Announced: 2019-03-29
- Where: United States
- Status: announced
- Products: automated truck technology
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler Trucks](https://endata.com/companies/17314.md) (acquirer)
- [Torc Robotics](https://endata.com/companies/38319.md) (target)

## Sources

- [daimlertruck.com](https://www.daimlertruck.com/en/newsroom/pressrelease/daimler-trucks-agrees-to-acquire-majority-stake-in-torc-robotics-to-create-technology-powerhouse-for-automated-trucks-42928260), 2019-03-29: "Daimler Trucks agrees to acquire majority stake in Torc Robotics to create technology powerhouse for automated trucks"
- [oemoffhighway.com](https://www.oemoffhighway.com/electronics/smart-systems/automated-systems/article/21061946/acquisition-brings-technological-advantages), 2019-04-04: "With the ever-rising demand for road transportation, not the least through e-commerce, there is a strong business case for self-driving trucks in the U.S. market and I believe the fastest path to commercialization for self-driving trucks is in partnership with Daimler Trucks, the OEM market leader."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.