Meritor to acquire AxleTech from Carlyle Group for $175M

Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million. The acquisition is expected to close in Meritor's fiscal fourth quarter of 2019.

“We are delighted to welcome AxleTech back to the Meritor family.”fleetmaintenance.com

• 7 sources
• fleetmaintenance.comMeritor to Acquire AxleTech | Fleet MaintenanceRelated To: Meritor Inc.May 8, 2019
• freightwaves.comMeritor to acquire AxleTech - FreightWavesBrian StraightMay 8, 2019
• law360.comThree Firms Steer Meritor's $175M Auto Parts Maker Buy - Law360Darcy ReddanMay 8, 2019
• dbusiness.comMeritor to Acquire AxleTech to Enhance Growth in Off-Highway, Defense, Aftermarket Segments - DBusiness MagazineTim KeenanMay 8, 2019
• ttnews.comMeritor in Agreement to Acquire AxleTech - TTMay 10, 2019

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