Meritor to Buy Siemens Commercial-Vehicles Business for $201 Million
2022年5月20日 - 08:44PM
Dow Jones News
By Colin Kellaher
Meritor Inc. on Friday agreed to buy Siemens AG's
commercial-vehicles business for about 190 million euros ($201
million) in cash, Meritor said.
The Siemens business, which has about 200 employees in Germany,
China and the U.S., develops, designs and produces electric drive
systems, Troy, Mich., auto-parts maker Meritor said.
Cummins Inc., which earlier this year agreed to buy Meritor for
more than $2.5 billion, supports the Siemens deal, which is slated
to close by the end of the year, Meritor said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 20, 2022 07:29 ET (11:29 GMT)
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