Meritor, Inc.

Company Profile

■URL

https://www.cummins.com/components/drivetrain-systems

■Address

2135 W. Maple Road Troy, MI 48084-7186 USA

Business Overview

-The Company is a supplier of drivetrain systems and components for commercial vehicles, other transportation equipment, and industrial vehicles, as well as trailer undercarriage products and systems.

-Cummins completed the acquisition of Meritor, Inc. on August 3, 2022. Meritor’s products and capabilities in axle and brake technology will enhance Cummins’ integrated powertrain solutions across internal combustion and electric power applications. Cummins aims to deliver market-leading ePowertrain solutions to global customers by accelerating Meritor’s investment in electrification and integrating development within its New Power business.

Shareholders

-Delisted from the NYSE in August 2022 following its acquisition by Cummins.

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Products

Axles
-Single rear-drive axles
-Tandem rear-drive axles
-Front drive axles
-Front non-drive axles
-Tridem rear-drive axles
-Trailer axles
-Center and tag axles

ePowertrains

Brakes
-Air disc brakes
-Drum brakes
-Quadraulic disc brakes
-Wet disc brakes
-Heavy-duty hydraulic disc brakes
-Automatic slack adjusters
-Wheel ends

Carriers

Precision-forged gears

Drivelines

Gearboxes
-Gearboxes
-Split-shaft power take-off units
-Creeper drives
-Power dividers

Tire Inflation System

Suspensions
-Trailer suspensions

Transfer cases

Auxiliary transmissions

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History

2000	Established by the merger of Meritor Automotive Inc. and Arvin Industries Inc.
2002	Acquired the remaining 51% interest its German joint venture Zeuna Starker GmbH & Co. KG, a premier exhaust and emissions solutions company.
2004	Roll Coater was sold to Willis Stein & Partners.
2004	Dedicated the new USD 40 million Detroit Technology Center, its new technology center for Light Vehicle Systems (LVS) operations in North America, located in Detroit, Michigan, USA.
2007	Acquired Mascot Truck Parts Ltd., a major remanufacturer of transmissions, drive axle carriers, steering gears and drivelines, based in Mississauga, Ontario, Canada.
2007	The Emissions technologies (ET) business was sold for USD 310 million to One Equity Partners (OEP), an equity firm based in New York.
2008	Started production at new facility in Salonta, Romania.
2008	Opened new tech center in Shanghai, China.
2008	Acquired Trucktechnic, a major remanufacturer in Liege, Belgium.
2008	Opened new facility in Monterrey, Mexico.
2009	Completed the sale of its Gabriel Ride Control Products North America (Gabriel Ride Control) business to Ride Control, Llc, a wholly owned subsidiary of OpenGate Capital, a private equity firm.
Jun. 2009	Sold its 51 percent interest in Gabriel de Venezuela to its joint venture partner.
Sep. 2009	Completed the sale of its Wheels business to Iochpe-Maxion S.A., a Brazilian producer of wheels and frames for commercial vehicles, railway freight cars and castings. Opened a new technical center in Bangalore, India.
Oct. 2009	Entered into a binding letter of intent to sell its 57 percent interest in Meritor Suspension Systems Company (MSSC), a joint venture, to its joint venture partner, a subsidiary of Mitsubishi Steel Mfg. Co., Ltd.
2011	Completed the divestiture of its light vehicle business in January 2011 and officially changes the name of the Company back to Meritor.
2011	Divested its Body System business to Inteva Products, LLC.
Jan. 2012	Completed the sale of the assets of axle operation in France, to Renault Trucks SAS.
Sep. 2012	Announced an incremental investment of 16 million USD in its European brake operations.
Jul. 2013	Completed the sale of its 50 percent ownership interest in Suspensys Sistemas Automotivos Ltda. to its joint venture partner Randon S.A. Implementos e Participacoes. The purchase price at closing for Meritor's ownership interest was USD 195 million.
Jul. 2015	Purchased the majority of the assets at the Sypris Solutions, Inc. manufacturing facility in Morganton, North Carolina, U.S.
Sep. 2017	Acquired the product portfolio and related technologies of Fabco Holdings, Inc.
Oct. 2017	Completed transaction to sell the Company’s stake in the Meritor WABCO joint venture to WABCO Holdings, Inc. for USD 250 million.
Apr. 2018	Acquired AA Gear & Manufacturing.
May 2022	Acquired Siemens Commercial Vehicles business.
Aug. 2022	Cummins Inc. completed acquisition of Meritor, Inc.

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