Manufacturer says it expects to grow Meritor’s core axle and brake businesses by serving commercial vehicle and industrial markets globally
Cummins has completed its acquisition of Meritor, a global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets, the company has announced. The integration of Meritor’s people, products and capabilities in axle and brake technology will help position Cummins as a leading provider of integrated powertrain solutions across internal combustion and electric power applications.
As demand for decarbonised solutions accelerates, ePowertrains are expected to be a critical integration point within hybrid and electric drivetrains creating packaging and performance differentiation and the opportunity to provide more advanced clean mobility products, the firm said.
In a statement announcing the acquisition, Cummins said it intends to deliver market-leading decarbonised solutions to global customers by accelerating Meritor’s investment in electrification and integrating development within its New Power business.
“We are excited to welcome Meritor’s employees into Cummins,” said Jennifer Rumsey, Cummins’ President and Chief Executive Officer. “Together, Cummins and Meritor will move further and faster in developing economically viable decarbonized powertrain solutions that are better for people and our planet.” Rumsey took the reins as President and CEO on 1 August 2022.
Tom Linebarger, Cummins’ Executive Chairman added, “Cummins can help grow Meritor’s core business given our sales and service network and customer relationships around the world, and this acquisition has clear synergies for both companies that will position us for future investments during our industry’s technology transition.”