January 17, 2020

Meritor acquires TransPower

Truck parts manufacturer expands its investment in next-generation technologies with purchase of electrical drive solutions business.

By DC Velocity Staff

Truck parts manufacturer Meritor, Inc. has acquired TransPower, Inc., a California-based firm that develops battery-electric technologies for large commercial vehicles, the company said today. Financial terms of the deal were not disclosed.

Michigan-based Meritor said the deal expands its investment in next-generation technologies, adding to its Blue Horizon brand of advanced technologies centered on electrification.

"We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions," Jay Craig, Meritor's CEO and president, said in a statement announcing the deal. "This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles."

TransPower supplies integrated drive systems, full electric truck solutions, and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles, and terminal tractors. Founded in 2010, the company is focused exclusively on developing electrical drive solutions.

Resources Mentioned In This Article

Transportation Videos

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity

Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Meritor acquires TransPower">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.