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Meritor to acquire Siemens Commercial Vehicles electric propulsion business · Endata

◂ Announcements

May 20, 2022ACQUISITIONGermany

Meritor to acquire Siemens Commercial Vehicles electric propulsion business

Meritor, Inc. entered an agreement to acquire Siemens' Commercial Vehicles business for approximately €190 million in cash. The business develops electric drive systems for commercial vehicles.

Value

$200.0M (190.0M EUR)

Status

Announced

Productselectric drive systemselectric motorsinverters

CompaniesSiemens target Meritor acquirer

Sectors#Automotive Components #Electrical Equipment

“Meritor, Inc. today announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash”prnewswire.com

1 source
prnewswire.comMeritor to Acquire Siemens Commercial Vehicles Electric Propulsion BusinessMeritor, Inc.May 20, 2022

Summarized from public sources; check the original articles before acting on it.

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