Shyft Group completes acquisition of XL Fleet

The Shyft Group announced it has successfully completed the acquisition of XL Fleet as planned and initially announced by Spruce Power last month. The acquisition includes the option to extend employment opportunities to XL Fleet technical talent, assume a short-term leased facility including equipment in Wixom, Mich., and support the completion of a pilot development agreement with the Department of Defense. "Blue Arc, which Shyft unveiled at NTEA Work Truck Week last year, brings fleet electrification solutions that leverage our 50 years of experience in last-mile delivery, a noteworthy anniversary which we celebrate this year," said Daryl Adams, President and CEO of The Shyft Group. "The response to Blue Arc’s commercial-grade offering has been strong. With the ramp up of EV production in 2023, we welcome the opportunity to integrate talent and discrete assets that will help us charge ahead to meet the electrification needs of our customers."