# 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.

- Type: Acquisition
- Announced: 2017-09-18
- Where: Troy, Michigan, United States
- Value: $250.0M
- Status: announced
- Products: commercial vehicle safety and efficiency technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [WABCO](https://endata.com/companies/3234.md) (acquirer)
- [Meritor](https://endata.com/companies/17649.md) (target)
- [Meritor WABCO](https://endata.com/companies/17650.md) (target)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news-releases/wabco-consolidates-operations-north-american-commercial-vehicle-market-agreement-buyout-meritor-wabco-joint-venture/), 2017-09-18: "The acquisition of the remaining stake in Meritor WABCO furthers our commitment to expand our presence in North America."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5242009/wabco-to-buy-meritors-stake-in-jv), 2017-09-19: "WABCO is set to acquire full ownership of its joint venture (JV) with Meritor, named Meritor WABCO."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.