Meritor Acquires TransPower

By Mike Brezonick17 January 2020

Meritor, Inc. announced that it has acquired all the outstanding common shares of Transportation Power, Inc. (TransPower). Terms of the transaction were not disclosed.

“We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions,” said Jay Craig, Meritor’s CEO and president. “This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles.”

Meritor made an initial equity investment in TransPower in 2017.

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.

NEWSLETTER
Delivered directly to your inbox, New Power Progress newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Hertz to buy 100,000 Tesla vehicles
The vehicle rental company will also invest in new charging infrastructure at its locations
China Yuchai forms JV to develop hydrogen fuel cells
The fuel cells will be developed for both on- and off-road applications
Hydra Energy delivers first hydrogen-converted heavy-duty truck
The conversion kits are said to reduce carbon emissions by up to 40%