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 Articles

The March Truck Numbers
Exclusive: How Is China’s Construction Equipment Sector Recovering?
Pandemic’s Deep Impact Revealed
JCB To Make Ventilator Housings
“Suspend Emissions’ Deadline”
Cummins Makes Second Investment In Loop
Miss Us? Get DP Wherever You Are
Kubota Expands In India

Magazine Issue Archive

Diesel Progress – April 2020
Diesel Progress International March-April 2020
Diesel Progress – March 2020
Diesel Progress – February 2020
Diesel Progress International January – February 2020
Diesel Progress – January 2020
Diesel Progress – December 2019
Diesel Progress International November-December 2019
Diesel Progress – November 2019
Diesel Progress – October 2019

Login

Forgotten Password?

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