Done deals: October 21, 2020

Dexter Axle & National Trailer Parts Warehouse

Dexter Axle Company has acquired National Trailer Parts Warehouse, Ltd. located in Swift Current, Saskatchewan. Employing over 20 people, National Trailer Parts serves customers directly from a warehouse in Swift Current with its own fleet of trucks focusing on offering a wide selection of components. Dexter, headquartered in Elkhart, Indiana, employs over 3,800 people in the U.S. and Canada and operates 17 manufacturing facilities and 32 distribution locations. Founded in 1960, Dexter serves the utility trailer, recreational vehicle, marine, heavy duty, agricultural, and specialty equipment manufacturers and distribution partners.

Zebra Technologies Corporation & antuit.ai

Zebra Technologies Corporation has completed its acquisition of antuit.ai, a provider of artificial intelligence (AI)-powered Software-as-a-Service (SaaS) solutions specific to forecasting and merchandising for the retail and CPG industries. Antuit.ai was owned by a consortium led by Goldman Sachs Asset Management, and uses AI and machine learning algorithms to ensure users have the right product in the right place, at the right time, at the right price based on the current state of the supply chain, store inventory, and consumer demand. It will serve as the planning and demand forecasting module within Zebra’s retail software portfolio.

State of California & the Port of Los Angeles

The State of California and the Port of Los Angeles have directed US$12 million to AltaSea, a nonprofit corporation, to fund the construction of a blue economy ocean research and development centre. Berth 58 – the site of the initial 60,000 square feet of the planned 180,000 feet of the Center of Innovation at AltaSea – will be the first fully renovated structure on AltaSea’s 35-acre campus at the Port of Los Angeles. The centre will house ocean-focused businesses specializing in sustainable aquaculture, offshore renewable energy, and underwater robotics, as well as supporting educational and workforce development initiatives. Construction is expected to start by mid-2022 and be completed in the first half of 2023.