Search Results for meritor

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor’s New Brake Friction Meets Copper Laws

Source: Meritor TROY, Mich. — Meritor, Inc. (NYSE:MTOR) announced it is offering high-performing N-type brake friction to deliver exceptional pad life. The new friction is engineered for a range of gross axle weight ratings and is validated to offer performance and…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Launches New EX+™ LS Air Disc Brake

Source: Meritor TROY, Mich. — Meritor, Inc. (NYSE: MTOR) announced the launch of the lightweight, single-piston EX+™ LS air disc brake, a next-generation braking solution designed and engineered for linehaul and trailer applications. “After years of development, more than 300 lab tests…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Names Bickford VP Aftermarket

Source: Meritor TROY, Mich. – Meritor, Inc. (NYSE: MTOR) today announced that Aaron Bickford has been appointed to vice president of Aftermarket, North America, effective immediately. Bickford has complete oversight and leadership responsibility for all aspects of the company’s Aftermarket business in…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Plans Global Restructuring

Source: Crain’s Detroit Business Troy, Mich. – Manufacturer Meritor Inc. said this week that it has planned a global restructuring to cut labor costs because of anticipated declines in sales volumes for heavy trucks and trailers. The Troy-based company said in…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Expands Portfolio of Defense Solutions

Source: Meritor TROY, Mich.  ̶  Meritor, Inc. (NYSE: MTOR) today announced an expansion of its ProTec™ product portfolio for global defense markets, following the company’s recent acquisition of AxleTech. As part of this expansion, Meritor Defense also introduced the 3400…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Completes Buy of AxleTech

TROY, Mich.–  Meritor, Inc. (NYSE: MTOR) today announced that it has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group (NASDAQ: CG). The previously announced transaction enhances Meritor’s growth platform with the addition of a complementary product portfolio,…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Beefs Up Off-Highway Brake Biz

TROY, Michigan–Meritor has introduced a range of braking solutions to cater to multiple off-highway applications. The recently added brake options boost the company’s modular brake portfolio and wheel-ends for various market segments. A few of the newly added brake solutions…

AxleTech

Meritor Acquiring AxleTech For $175m

TROY, Mich., May 8, 2019 – Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million in cash,…

Meritor has taken an investment stake in SEA Electric for electric commercial-vehicles

Meritor Continues with Plan to Resolve Asbestos Liabilities

TROY, Mich., Jan. 22, 2019 /PRNewswire/ — Meritor, Inc. today announced that Maremont Corporation (“Maremont”), a non-operating subsidiary of Meritor, and Maremont’s three wholly-owned, non-operating subsidiaries, Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc. (collectively, the “Debtors”), have…