Oshkosh to acquire Pratt Miller for $115m.

Oshkosh, a company that designs, manufactures, and markets fire and emergency apparatuses, specialty commercial, and military trucks, agreed to acquire Pratt Miller, a company which specializes in advanced engineering, technology and innovation across the motorsport and multiple ground vehicle markets, for $115m. The transaction is expected to close in the first calendar quarter of 2021 and is subject to customary closing conditions. “Pratt Miller’s motorsports heritage has created a culture of speed and agility that has defined our success. Oshkosh is an ideal partner for us to apply that mindset to some of the most significant challenges facing customers today. Together, we expect to grow our decade-long partnership and expand our pipeline of new business opportunities. We look forward to learning from one another and continuing to innovate to bring market-leading products to our customers," Matt Carroll, Pratt Miller CEO.