Meritor recently acquired all the outstanding common shares of Transportation Power, which does business as 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.”
The addition of TransPower’s product portfolio supports Meritor’s 2022 priorities through increased investment in next-generation technologies, and boosts the company’s Blue Horizon brand, which represents its emerging platform of advanced technologies centered around electrification, Meritor said.
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, established in 2010, exclusively focuses on developing electrical drive solutions.