# 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.

- Type: Acquisition
- Announced: 2022-05-20
- Where: Germany
- Value: $200.0M (190.0M EUR)
- Status: announced
- Products: electric drive systems, electric motors, inverters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [Meritor](https://endata.com/companies/17649.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/meritor-to-acquire-siemens-commercial-vehicles-electric-propulsion-business-301551703.html), 2022-05-20: "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"

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