Meritor Completes Acquisition of AxleTech

Meritor, Inc. has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group.

The transaction enhances Meritor’s growth platform with the addition of a complementary product portfolio, including a full line of independent suspensions, axles, braking solutions and drivetrain components. AxleTech will operate within Meritor’s Aftermarket, Industrial & Trailer segment.

 “The addition of AxleTech advances our growth strategy while further diversifying our portfolio in strategic, adjacent markets,” said Jay Craig, Meritor's CEO and president.