Cummins, a multinational corporation focused on creating engines and power generation products, is set to acquire Meritor, a leader of powertrain solutions for commercial and industrial markets.
Meritor manufactures automobile components for military suppliers and leads in axle and brake technology industries. The firm is based in Troy and consists of over 9,600 employees. The transaction will enhance Cummins’ range of powertrain components and advance their development of electrified power solutions.
“Meritor is an industry leader, and the addition of their complementary strengths will help us address one of the most critical technology challenges of our age: developing economically viable zero-carbon solutions for commercial and industrial applications,” commented Cummins’ CEO Tom Linebarger. “Our customers need economically viable decarbonized solutions.”