meritor

Meritor announces it has found an agreement with Siemens to acquire its Commercial Vehicles Electric Propulsion business. Meritor was in turn acquired by Cummins earlier this year, will pay about 190 million euro in cash, adjusted for changes in working capital at closing. It is worth mentioning tha...

Cummins is going to take over Meritor. The first is willing to pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash. Headquartered in Troy, Meritor is a primary brand when it comes to drivetrain, mobility, ...

Meritor announced it will supply axles, air disc brakes and right angle gear box from its Blue Horizon advanced technologies brand for the electric bus Alstom Aptis. Axles will be assembled in Cameri (Italy). This will be the first electrification project carried out by US based Meritor in Europe. B...