Meritor acquires TransPower in unspecified deal
Meritor has acquired all the outstanding common shares of Transportation Power, Inc. Terms of the transaction were not disclosed
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 Horizon 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.