Daimler Trucks completed the acquisition of a minority stake in Luminar.

Daimler Trucks, the trucks manufacturing division of Daimler, completed the acquisition of a minority stake in Luminar, a developer of Lidar hardware and software technology. Financial terms were not disclosed. “Luminar has pioneered a critical enabling technology for bringing automated vehicles to the road, and we’re excited to work closely with them to drive this technology forward. Their company has proven visionary in its focus and unique ability to enable long-range sensing and high-speed driving on the highway. Our common goal is to enable safe deployment of highly automated trucks and shape the future of the trucking and logistics industry at large.” Peter Vaughan Schmidt, Daimler Trucks Head of Autonomous Technology Group.