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Benzinga
Benzinga
Business
Akanksha Bakshi

Oshkosh's McNeilus Acquires CartSeeker Vehicle Automation Technology

Oshkosh OSK
  • Oshkosh Corp (NYSE:OSK) subsidiary McNeilus Truck and Manufacturing, Inc., has acquired the CartSeeker curbside automation product from Eagle Vision Systems, Inc. and Waterloo Controls, Inc. Deal terms were not disclosed.
  • CartSeeker curbside automation is a patented AI-based recognition technology that identifies and locates curbside waste carts and helps automate the operation of the truck's robotic lift arm without joystick manipulation.
  • The company expects this investment in refuse collection vehicle automation drives McNeilus' strategy forward.
  • Oshkosh held cash and equivalents of $995.7 million as of December 31, 2021.
  • Price Action: OSK shares are trading higher by 3.93% at $106.56 on the last check Tuesday.
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