-A supplier of axles, undercarriages, drivelines, brakes and braking systems for the commercial vehicle, transportation and industrial sectors.
-In March 2011, the Company has officially changed its name to Meritor, Inc. from ArvinMeritor. With the divestitures of its light vehicle businesses completed, the Company is now focused on commercial vehicle and industrial markets.
-As of November 2012, the Company revised its business into two segments: Commercial Truck & Industrial; and Aftermarket & Trailer.
-Over 78% of the Company's sales in FY ended Sep. 30,2017 were derived from its Commercial Truck and Industrial segment. As such, the Company's growth or decline is largely dependent on the production of commercial vehicles in the North American, South American, European, and Asia-Pacific markets.
|Axle||Brake||Industrial Applications||Trailer Applications|
|-Bendix / Knorr Bremse
-Kessler & Co.
-Listed on New York Stock Exchange.
-Front drive axles
-Front non-drive axles
-Rear single axles
-Rear tandem axles
-Rear tridem axles
-Hub reduction axles
Brakes and Safety systems
-Tire inflation system for trailers
-Braking systems by Meritor WABCO*
- Advanced braking
- Stability control
- Collision safety systems
- Air systems
-Meritor WABCO* leveling valves
-Suspension system for trailers
*Joint Venture between the Company and WABCO
|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.|
|June 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 $195 million.|
|Jul. 2015||Purchased the majority of the assets at the Sypris Solutions, Inc. manufacturing facility in Morganton, North Carolina, USA.|
|Sep. 2017||Acquired the product portfolio and related technologies of Fabco Holdings, Inc.|
|Oct. 2017||WABCO Holdings Inc completed the transaction to purchase Meritor, Inc.'s stake in the Meritor WABCO joint venture and, thereby, take full ownership of the enterprise. With the completion of the transaction, WABCO will now fully integrate the former Meritor WABCO operations into its WABCO North America Business Unit. WABCO has acquired Meritor's stake in the joint venture business for a purchase price of USD 250 million.|
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
>>>Business Report FY ended Sep. 30, 2012
>>>Business Report FY ended Sep. 30, 2013
>>>Business Report FY ended Sep. 30, 2014
Note: A figure in brackets ( ) indicates a loss