Meritor, Inc.
Company Profile
Business Overview
-The Company is a supplier of drivetrain systems and components as well as undercarriage products and systems for trailer applications for the commercial vehicle, transportation and industrial sectors.
-In March 2011, the Company officially changed its name to Meritor, Inc. from ArvinMeritor. With the divestitures of its light vehicle businesses, the Company is now solely focused on the commercial vehicle and industrial markets.
-As of the fiscal year ended September 30, 2021 the Company is currently organized into two reporting segments:
- Commercial Truck which focuses on providing drivetrain systems and components such as axles, drivelines, braking, and suspension systems for medium- and heavy-duty trucks.
- Aftermarket and Industrial which focuses on replacement axles, brakes, drivelines, and suspension components for commercial vehicle and industrial aftermarket customers. It also supplies systems for military, construction, bus, coach, and emergency vehicle applications.
-The Company’s Commercial Truck segment contributed approximately 75% of the Company's total sales in the fiscal year ended September 30, 2021.
Competitors
| Axle | Brake | Industrial Applications | Trailer Applications |
| -Allison -American Axle -Ankai -Dana -Detroit Axle -Fuwa -Hande -ZF Friedrichshafen |
-Bendix / Knorr Bremse -ZF Friedrichshafen |
-AM General -Carraro -Dana -Kessler & Co. -Knorr Bremse -MAN -Marmon-Herrington -NAF -Oshkosh -Sisu |
-Fuwa -Hendrickson -SAF-Holland |
Shareholders
-The Company is listed on the New York Stock Exchange.
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
-Automatic slack adjusters
-Wheel ends
Carriers
Precision-forged gears
Drivelines
Gearboxes
-Gearboxes
-Split-shaft power take-off units
-Creeper drives
-Power dividers
Meritor Tire Inflation System
Suspensions
-Trailer suspensions
Transfer cases
Auxiliary transmissions
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. |
| 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. |
Supplemental Information 1
>>>Business Report FY ended Sep. 30, 2006
>>>Business Report FY ended Sep. 30, 2007
>>>Business Report FY ended Sep. 30, 2008
>>>Business Report FY ended Sep. 30, 2009
>>>Business Report FY ended Sep. 30, 2010
>>>Business Report FY ended Sep. 30, 2011
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>>>Business Report FY ended Sep. 30, 2016
>>>Business Report FY ended Sep. 30, 2017
>>>Business Report FY ended Sep. 30, 2018
>>>Business Report FY ended Sep. 30, 2019
>>>Business Report FY ended Sep. 30, 2020
Note: A figure in brackets ( ) indicates a loss