Meritor (MTOR) Acquires TransPower
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street rises on Iran war peace deal hopes, SpaceX's historic debut
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Oil nears two-month lows on reports of imminent US-Iran peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Meritor Acquires TransPower, Advancing its Electrification Expertise
January 16, 2020 4:30 PM ESTTROY, Mich., Jan. 16, 2020 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has acquired all the outstanding common shares of Transportation Power, Inc. ("TransPower"). Terms of the transaction were not disclosed.Â
"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."
With the addition of TransPower's product portfolio, Meritor advances its M2022 priorities through increased investment... More
