Meritor acquires Siemens’ Commercial Vehicles business

Meritor has announced an agreement to acquire Siemens’ Commercial Vehicles business for about US$203.5 million in cash. The deal is expected to wrap up by year end, and has the approval of Cummins, which recently acquired Meritor. “The Siemens Commercial Vehicles business offers capabilities and technology that will enhance our ability to offer superior electric […]

Source: Truck News

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