Even as its $3.7 billion merger with Cummins Inc. proceeds, Meritor Inc. said Friday it has agreed to purchase the Siemens Commercial Vehicles electric propulsion business. The move would bulk up its electrification portfolio.
The battle among players in commercial vehicle electrification is growing fierce. Tier 1 suppliers like BorgWarner Inc., Dana Inc., Eaton Corp. and Cummins are jockeying for market share in fully integrated systems to meet the expected growth in electric trucks.
“The...
https://www.freightwaves.com/news/meritor-buying-siemens-electric-propulsion-business