Hearst to acquire an 80% stake in Noregon Systems.

Hearst, an American multinational mass media and business information conglomerate, agreed to acquire an 80% stake in Noregon Systems, a connected vehicle solution provider. Financial terms were not disclosed. "This is a unique opportunity for us, and we are excited to be able to offer manufacturers, fleets and transportation/logistics companies more solutions to increase their productivity. We believe Noregon is well positioned with its existing products to serve the needs of the most sophisticated truck operators and is well poised for emerging technologies such as advanced safety systems and battery-electric vehicles," Tom Cross, Hearst Executive Vice President.