Meritor acquires TransPowerChristian Fernsby ▼ | January 17, 2020
Meritor announced that it has acquired all the outstanding common shares of Transportation Power. Terms of the transaction were not disclosed.
Topics: Meritor acquire TransPower
With the addition of TransPower's product portfolio, Meritor advances its M2022 priorities through increased investment in next-generation technologies. It also further establishes the value of Meritor's Blue HorizonTM brand, which represents the company's emerging platform of advanced technologies centered on electrification.
TransPower, a California-based company, supplies integrated drive systems, full electric truck solutions and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles and terminal tractors. The company has been focused exclusively on developing electrical drive solutions since its inception in 2010. ■