Meritor Inc. announced it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million.
Meritor says the addition of Michigan-based AxleTech enhances Meritor’s growth platform, bringing a complementary product portfolio across the off-highway, defense, specialty and aftermarket segments. AxleTech’s offerings include a full product line of independent suspensions, axles, braking solutions and drivetrain components.
