Knight-Swift (NYSE: KNX) has taken a majority stake in a provider of driver-directed software, Eleos, which will continue to operate as a stand-alone company.
It is not a move that Knight-Swift normally engages in, according to Knight-Swift CEO Dave Jackson. Jackson, in a phone interview with FreightWaves, said there had been precedents for such acquisitions, such as its purchase of a majority stake in trailer blade manufacturer Strehl several years ago. But it’s not a regular approach the...
https://www.freightwaves.com/news/knight-swift-grabs-majority-stake-in-driver-software-eleos