Commercial Vehicle Group Sells Business and Reshuffles Leadership
Company Announcements

Commercial Vehicle Group Sells Business and Reshuffles Leadership

The latest update is out from Commercial Vehicle Group ( (CVGI) ).

Commercial Vehicle Group, Inc. has sold its control panels and electro-mechanical systems business to FSE Diya, Inc. for $1.5 million, with potential earnout payments. The deal includes a transition services agreement and carries standard non-compete clauses. Meanwhile, Richard Tajer, President of Electrical Systems, is stepping down, with Peter Lugo stepping in to lead the segment, bringing extensive experience from his previous roles at Southwire and other firms.

See more data about CVGI stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskCommercial Vehicle Group Executives Engage Investors at Conference
TheFlyVolvo to invest $700M in Mexican plant, to acquire plant in North Carolina
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App