11:38 AM EST - Martinrea International : Today announced the acquisition of the assets of Montreal-based Effenco Development Inc., which were acquired in 2022. Effenco is an award-winning Green-Tech business that designs, manufactures and markets technologies for the electrification and connectivity of heavy duty vocational trucks. The Effenco Hybrid Electric solution augments the vehicle’s powertrain and electrifies the onboard equipment utilizing a unique ultracapacitor-based technology. The technology creates value by helping to reduce greenhouse gas emissions, engine usage hours, fuel consumption, noise pollution, and related maintenance. Martinrea International
shares T.MRE are trading up $0.36 at $13.78.
