Cummins may be all about diesel engines, but the heads of the company know that they need to start looking into electric or electrified powertrains, which is why they want to buy Meritor. This company is over a century old and today a global supplier of commercial vehicle components, with plenty of electric powertrain experience.
The acquisition still needs to be approved by the Meritor board of directors, but apparently everyone is on-board and the deal is expected to go through. Cummins will pay $3.7-billion to take over Meritor and its almost 10,000 employees, with a product portfolio that includes commercial vehicle drivetrains, mobility, braking and electric powertrains, among others.
