# 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.

- Type: Acquisition
- Announced: 2019-05-08
- Where: Troy, Michigan, United States
- Value: $175.0M
- Status: announced
- Products: independent suspensions, axles, brake products, electric drivetrain components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Carlyle Group](https://endata.com/companies/458.md) (investor)
- [Carlyle Group](https://endata.com/companies/458.md) (partner)
- [Meritor](https://endata.com/companies/17649.md) (acquirer)
- [AxleTech](https://endata.com/companies/38310.md) (target)

## Sources

- [fleetmaintenance.com](https://www.fleetmaintenance.com/industry-news/press-release/21079716/meritor-inc-meritor-to-acquire-axletech), 2019-05-08: "We are delighted to welcome AxleTech back to the Meritor family."
- [freightwaves.com](https://www.freightwaves.com/news/meritor-to-acquire-axletech), 2019-05-08: "Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing."
- [law360.com](https://www.law360.com/articles/1157582/three-firms-steer-meritor-s-175m-auto-parts-maker-buy), 2019-05-08: "Meritor said Wednesday it has agreed to buy AxleTech from the Carlyle Group in a roughly $175 million deal guided by three firms, as the auto parts maker looks to ratchet up its aftermarket, industrial and trailer segment."
- [dbusiness.com](https://www.dbusiness.com/daily-news/meritor-to-acquire-axletech-to-enhance-growth-in-off-highway-defense-aftermarket-segments/), 2019-05-08: "The addition of AxleTech is a compelling value-creating opportunity to broaden our position in attractive, adjacent markets, and advances our M2022 strategy."
- [ttnews.com](https://www.ttnews.com/articles/meritor-agreement-acquire-axletech), 2019-05-10: "Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth."
- [kalcapitalmarkets.com](https://kalcapitalmarkets.com/may-20-2019/), 2019-05-20: "Troy, Mich.-based AxleTech is a technology company that engineers, designs, manufactures, sells and services powertrain solutions for on- and off-highway heavy-duty vehicles."
- [powertraininternationalweb.com](https://www.powertraininternationalweb.com/components/axletech-meritor-afe-series/), 2019-06-02: "Meritor recently acquired AxleTech for approximately $ 175 million in cash."

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