Meritor to acquire AxleTech for $175 million

By Dyllan Furness Automobile component manufacturer Meritor will acquire drivetrain company AxleTech for $175 million in an effort to expand its off-highway, defense, and aftermarket segments. AxelTech’s offerings include a line of independent suspensions, axles, braking solutions, and drivetrain components. The company recently launched a new line of electric powertrain systems for off-highway …read more

Source:: https://chargedevs.com/newswire/meritor-to-acquire-axletech-for-175-million/