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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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