WABCO buys out Meritor's stake in Meritor WABCO joint venture for $250M
WABCO Holdings signed an agreement to purchase Meritor's stake in the Meritor WABCO joint venture for $250 million. The transaction is expected to close on October 1, 2017, giving WABCO full ownership.
Productscommercial vehicle safety and efficiency technologies
“The acquisition of the remaining stake in Meritor WABCO furthers our commitment to expand our presence in North America.”automotiveworld.com
- 2 sources
- automotiveworld.comWABCO consolidates operations in North American commercial vehicle market through agreement to buyout of Meritor WABCO joint venture | Automotive WorldMaisie PriestnerSep 18, 2017
- autotechinsight.spglobal.comWABCO to buy Meritor's stake in JV - Automotive Technology Insight | Forecasts | Industry News | Supply ChainSep 19, 2017
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