Meritor to Acquire Siemens Commercial Vehicles Electric Propulsion Business

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Last update: May 20, 2022

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TROY, Mich., May 20, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash, adjusted for changes in working capital at closing. The transaction is expected to close by calendar year-end, subject to regulatory approvals and customary closing conditions.