Troy’s Meritor has acquired all the outstanding shares of Transportation Power Inc., a California-based integrated drive systems, electric truck solutions, and energy-storage subsystems company. Terms of the deal were not disclosed.
“We are excited to welcome TransPower to the Meritor family as we continue providing our customers with sophisticated electric drivetrain solutions,” says Jay Craig, president and CEO of Meritor. “This acquisition enables us to further position the company as a premier supplier of electrification technologies for commercial vehicles.”
With the addition, Meritor is advancing its M2022 priorities through increased investment in next-generation technologies. It also further establishes the value of Meritor’s Blue Horizon brand, which represents the company’s emerging platform of advanced technologies for electrification.
Transportation Power supplies its products to manufacturers of trucks, school buses, refuse vehicles, and terminal tractors. The company has developed electrical drive solutions since its inception in 2010.