The Shyft Group, Inc. has acquired XL Fleet.
The acquisition includes the option to extend employment opportunities to XL Fleet technical talent, assume a short-term leased facility including equipment in Wixom, Michigan and support the completion of a Department of Defense (DOD) pilot development agreement.
“Blue Arc, which Shyft unveiled at NTEA Work Truck Week last year, brings fleet electrification solutions that leverage our 50 years of experience in last-mile delivery, a noteworthy anniversary which we celebrate this year,” said Daryl Adams, Shyft Group president and CEO. “The response to Blue Arc’s commercial-grade offering has been strong. With the ramp up of EV production in 2023, we welcome the opportunity to integrate talent and discrete assets that will help us charge ahead to meet the electrification needs of our customers.”
The incoming team members will be based either in Plymouth or at the 24,655-square-foot Wixom Technology Center, the company said.
“We are thrilled to integrate this team, equipment and the facility into our growing EV business,” said Eric Fisher, Shyft Innovations SVP and general manager. “It has always been part of our plan to expand the team as we move towards production and we feel fortunate that the timing worked out to allow us to bring significant talent in this way. We expect it to help accelerate our build out capability.”
To complete the DOD pilot program, Shyft will prototype fuel-saving technology for military vehicles. The technology can extend the operational range of military tactical vehicles, provide significant fuel savings and reduce greenhouse gas emissions, Shyft Group said
