Meritor Acquires TransPower

Meritor, Inc. announced that it has acquired all the outstanding common shares of Transportation Power, Inc. (TransPower). Terms of the transaction were not disclosed.

“We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions,” said Jay Craig, Meritor’s CEO and president. “This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles.”

Meritor made an initial equity investment in TransPower in 2017.

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 centered 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 focused exclusively on developing electrical drive solutions since its inception in 2010.

Related Posts

Series Production Of eActros Set For 2021 At Wörth
First Mack LR Electric Begins Refuse Service In NYC
Hydrogen Dual-Fuel Engine Launched In Belgium
End-Of-Line Testing Systems For Electric Vehicles
NFI Begins Piloting Volvo E-Trucks In SoCal
Nikola Founder Steps Down Amidst Allegations
Daimler Trucks Unveils Fuel Cell Concept Truck, E-Strategy
Mack LR Electric To Begin Production In 2021

Login

Forgotten Password?

Haven’t got an account? Click here to register.