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Meritor Acquires TransPower to Accelerate Electrification Expertise
Wednesday 22 January 2020

22 January 2020 – Michigan, US-based commercial vehicle and industrial market supplier Meritor, Inc. (NYSE: MTOR) has acquired all the outstanding common shares of California-based Transportation Power, Inc., to strengthen position as a supplier of electrification technologies for commercial vehicles, the company said.
Terms of the transaction were not disclosed.
With the addition of TransPower's product portfolio, Meritor advances its M2022 priorities through increased investment in next-generation technologies.
It also further establishes the value of Meritor's Blue Horizon brand, which represents the company's emerging platform of advanced technologies centred on electrification.
TransPower, a California-based company, supplies integrated drive systems, full electric truck solutions and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles and terminal tractors.
The company has been focussed exclusively on developing electrical drive solutions since its inception in 2010.
Meritor, Inc. is a supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets.
Details
Date Published: 22/01/2020
Target: Transportation Power, Inc
Country: USA
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Meritor, Inc
Comment:
Terms of the deal were not disclosed

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